Specialist - Asset Liability Management

Northern Trust; Chicago (IL); Sur place; USD 137 000 - 234 000; Plein temps

Résumé du poste

Northern Trust is seeking an experienced ALM professional to lead modeling, assumptions, and analytics within the Asset Liability Management, Modeling & Analytics group in Chicago. You will translate complex balance sheet dynamics into actionable recommendations for senior leaders, oversight committees and business partners.

You will collaborate across Treasury, Risk Management and Finance to strengthen asset and liability strategies, improve funding decisions, and deliver decision-ready

Qualifications

• 7+ years of relevant experience in ALM, treasury, risk management, or regulatory environment.
• Strong understanding of bank balance sheets and income statements.
• Hands-on experience with interest rate risk management and ALM modeling.
• Experience with QRM or comparable ALM platform; SQL/SAS valued.
• Strong knowledge of funds transfer pricing and deposit pricing.
• Familiarity with IRRBB, liquidity risk, model governance.
• Executive-ready communication skills for senior audiences.
• Bachelor’s degree; advanced degree or professional designation is a plus.

Responsabilités

• Lead ALM modeling and assumptions for non-maturity deposits and assets.
• Partner with Treasury to assess asset/liability positioning and funding choices.
• Advance NII, MVE/EVE, DV01 and AOCI analytics through scenario design.
• Drive funds transfer pricing methodology and implementation.
• Deliver decision-ready insights to senior management and committees.
• Collaborate with Finance, Risk, Model Risk, Technology and data partners.
• Support governance with clear materials and model documentation.
• Provide technical leadership and coaching across the ALM team.

Connaissances

ALM modeling

SAS

SQL

Executive communication

Analytical thinking

Balance sheet analysis

Formation

Bachelor's degree in Finance/Economics/Quantitative field

Outils

SAS

SQL

QRM

Description du poste

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Join Northern Trust’s Global Asset Liability Management team and help shape the firm’s balance sheet strategy, interest rate risk framework, pricing decisions and financial resilience. This highly visible role combines quantitative modeling with strategic judgment. You will translate complex analytics into clear recommendations for senior leaders, oversight committees, business partners and regulators.

You will serve as a technical leader within Asset Liability Management, Modeling & Analytics, with meaningful exposure across Treasury, Risk Management and the businesses. The opportunity is ideal for an experienced ALM professional who enjoys building robust models, challenging assumptions and influencing decisions that affect funding, deposits, assets, capital and profitability.

Major Duties:

• Lead ALM modeling and assumptions. Develop, enhance and govern models and behavioral assumptions for non-maturity deposits, including pricing betas, decay, average lives and core balances, as well as asset prepayment behavior.
• Thought Leadership in hedging and balance sheet strategy. Partner with Treasury leadership to assess asset and liability positioning, product and deposit pricing, funding choices, investment decisions, capital usage and balance sheet optimization.
• Advance interest rate risk analytics. Strengthen NII, MVE/EVE, DV01 and AOCI measurement through scenario design, limit calibration, sensitivity analysis, assumption testing and management reporting.
• Drive funds transfer pricing. Contribute to FTP methodology, modeling assumptions and implementation to improve transparency into product profitability and support sound pricing decisions.
• Deliver decision-ready insights. Conduct targeted analysis for senior management and executive committees, clearly connecting market movements and business activity to earnings, economic value, capital and liquidity outcomes.
• Influence across the organization. Collaborate with business units, Finance, Risk Management, Model Risk, Technology and data partners to translate strategic priorities into scalable analytical solutions.
• Strengthen governance. Prepare clear, concise materials for management committees, internal oversight groups, auditors and regulators, and support disciplined model documentation and challenge resolution.
• Provide technical leadership. Help set team priorities, coach colleagues, establish analytical standards and promote continuous improvement across the ALM platform.

Qualifications:

• 7+ years of relevant experience in asset and liability management, funds transfer Pricing, balance sheet strategy, Treasury, financial modeling, banking, consulting, risk management or a regulatory environment. Candidates with broader or deeper experience are encouraged to apply.
• A strong understanding of bank balance sheets and income statements, including the risk and earnings characteristics of deposits, loans, securities, funding and other asset and liability categories.
• Hands-on experience with interest rate risk management and ALM modeling, including NII and economic value analysis, behavioral assumptions, scenario analysis and model sensitivity testing.
• Experience with QRM or a comparable ALM platform; working knowledge of SAS, SQL or other analytical and financial modeling tools is highly valued.
• Strong knowledge of funds transfer pricing, deposit pricing and balance sheet strategy.
• Knowledge of regulatory expectations and leading practices related to IRRBB, liquidity risk, model governance and Treasury risk management.
• Exceptional analytical judgment, intellectual curiosity and the ability to identify the key business implication within complex data.
• Executive-ready communication skills, with the ability to constructively challenge, influence stakeholders and present technical topics clearly to senior audiences.
• Bachelor’s degree in Finance, Economics, Accounting, Statistics, Mathematics, Engineering or another quantitative field; an advanced degree or relevant professional designation is a plus.

What will help you stand out:

• Demonstrated experience connecting ALM analytics to actionable balance sheet strategy.
• Experience working directly with business units on deposit strategy, product pricing or profitability.
• A track record of improving models, assumptions, controls, reporting or governance in a complex financial institution.
• The ability to move comfortably between detailed quantitative work and concise executive-level storytelling.
• A collaborative leadership style and a genuine interest in developing people and building stronger cross-functional partnerships.

Salary Range:

$137,400 - 233,600 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.