Senior ALM Modeling Analyst | Hybrid & High-Impact

Northern Trust; Chicago (IL); Hybrid; USD 100,000 - 169,000; Full time

Benefits offered by this job

Hybrid work model

Comprehensive benefits

Discretionary bonus program

Job summary

Northern Trust is seeking a Balance Sheet Modeling Senior Analyst to maintain and develop ALM models within the Asset Liability Management team. The role focuses on deposit modeling, framework development, and regulatory-aligned risk measurement, with SAS and Python programming experience preferred.

The ideal candidate has 4–7 years of quantitative modeling experience in financial services, strong communication skills, and the ability to collaborate across risk, treasury, and technology while

Qualifications

• Graduate degree in Statistics, Math, Econometrics, Engineering or other quantitative fields.
• 4-7 years of quantitative modeling experience within a financial institution or related environment.
• Strong understanding of Asset Liability Management, Interest Rate Risk, Liquidity Risk Management, and balance sheet behavior modeling.
• Proficient in SAS, Python, SQL, Microsoft Excel and PowerBI.

Responsibilities

• Develop and maintain ALM models, including the prepayment model, core deposit model, operational deposit model, etc.; Responsible for the monthly production runs, fielding questions related to the model output
• Lead the documentation of the models and take the models through the model validation process and annual reviews by Model Risk Management
• Develop and deploy new model framework, identify data requirements, conduct testing, and complete model documentation
• Work with other ALM team members to identify new modeling needs and enhancements to improve model performance and address regulatory requirements
• Provide in-depth knowledge and perspective on the risk drivers in the models
• Communicate modeling framework and details to senior management, internal oversight groups, and regulators
• Ensure compliance with global regulatory requirements governing Interest Rate Risk and liquidity risk
• Support balance sheet execution strategies with the Funding and Portfolio Management Teams

Skills

Quantitative modeling

ALM knowledge

Risk management

Statistical analysis

Communication skills

Regulatory coordination

Education

Advanced degree in quantitative field

Tools

SAS

Python

SQL

Excel

PowerBI

Job description

Northern Trust is seeking a Balance Sheet Modeling Senior Analyst to maintain and develop ALM models within the Asset Liability Management team. The role focuses on deposit modeling, framework development, and regulatory-aligned risk measurement, with SAS and Python programming experience preferred.

The ideal candidate has 4–7 years of quantitative modeling experience in financial services, strong communication skills, and the ability to collaborate across risk, treasury, and technology while