Vice President – Liquidity and Asset Liability Management Modeling

Northern Trust; Chicago (IL); On-site; USD 99,000 - 170,000; Full time

Job summary

An established industry player seeks a Vice President for Liquidity and Asset Liability Management Modeling. This role involves developing and maintaining quantitative models, ensuring compliance with regulatory standards, and collaborating with senior management. The successful candidate will bring expertise in ALM modeling, programming skills in SAS and Python, and a strong understanding of liquidity risk management. Join a dynamic team that values innovation and provides a comprehensive benefits package, including retirement plans and health benefits. If you're ready to make an impact in a collaborative environment, this opportunity is for you.

Benefits

401k retirement plan

Health insurance

Dental insurance

Vision insurance

Paid time off

Parental leave

Discretionary bonus program

Flexible working culture

Qualifications

• 5-7 years of ALM modeling experience in finance or related fields.
• Strong analytical, quantitative, and communication skills are essential.

Responsibilities

• Drive development and maintenance of ALM models and documentation.
• Ensure compliance with global regulatory requirements and expectations.
• Support balance sheet execution strategies with management teams.

Skills

ALM modeling

SAS

Python

SQL

Microsoft Excel

PowerBI

Analytical skills

Communication skills

Education

Graduate degree in Statistics, Math, Econometrics, Engineering or other quantitative field

Job description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Vice President – Liquidity and Asset Liability Management Modeling will be responsible for maintaining and developing quantitative models used in Asset Liability Management process and Liquidity management. The successful candidate will be a member of the Asset Liability Management Modeling team and help lead the development and maintenance of the operational deposit framework and other ALM models.

Ideally, the prospective candidate will have experience with ALM modeling and programming knowledge of SAS and Python. Working knowledge of relational databases, strong understanding of ALM modeling framework, risk identification, risk measurement approaches are preferred. The prospective candidate should have a working knowledge of the three lines of defense and ideally experience working closely with second line risk management and third line internal audit groups.

Duties

• Drive the development and maintenance of ALM models, including the operational deposit model, core 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 team and any auditing process;
• Develop and deploy new model framework, identify data requirements, conduct testing, and complete model documentation;
• Work with the other ALM model 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 in a clear and concise manner to senior management, internal oversight groups, and external regulators;
• Ensure compliance with global regulatory requirements and expectations that govern Interest Rate Risk, liquidity risk, and modeling practices;
• Support balance sheet execution strategies with the Funding and Portfolio Management Teams.

Qualifications

• 5-7 years of prior ALM modeling experience working in a financial institution, regulatory agency, consulting firm, or related field;
• Graduate degree in Statistics, Math, Econometrics, Engineering or other quantitative field;
• Familiarity with Asset Liability Management, Liquidity Risk Management, and Funds Transfer Pricing;
• Proficient in SAS, Python, SQL, Microsoft Excel and PowerBI;
• Strong analytical and quantitative skills, critical thinking, investigative problem-solving and decision-making talents;
• Strong written and verbal communication skills with the ability to lead the development of senior management level presentations;
• Requires in-depth conceptual and practical knowledge in own job discipline and basic knowledge of related fields;
• Explains difficult or sensitive information; works to build consensus.

Salary Range:

$99,600 - 169,200 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.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us.

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.