Consultant/Senior Consultant - Market Trading Risk Reporting

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.

Overview: The Market Trading Risk Senior Consultant will develop analytical & reporting tools, including monitoring FX trading as needed to support Chicago trading risk management. The position entails managing market and regulatory risk.

Team Structure: Will report to Head of Corporate Trading Market Risk.

Key Responsibilities

• Perform core daily risk management oversight for FX Trading business including VaR analysis, open position monitoring, adherence to limits, and stress scenario modeling.

• Monitor market volatility through quantitative techniques to ensure principal exposure is within firm’s risk appetite.

• Maintenance of data and providing information for regulatory reports, and internal Audit/ Compliance.

• Maintain and assist in ongoing development of metrices and analysis of P&L attribution, regulatory capital consumption and return on capital / RWA.

• Manage initiatives, audit remediation, and regulatory projects such as the development of NT’s trading risk management on implementation and create analytical reporting.

• Assist in establishing processes, documentation, and controls to manage risks associated with FX and derivatives.

• Interpret model outputs, communicate findings, and present to stakeholders, including risk managers, capitals market team, and senior management.

• Conduct quantitative analysis to assess model performance and outcome for at top of the house portfolio and trading desk level.

• Collaborate with IT teams to ensure smooth integration of models and analytical tooling in existing systems and infrastructure.

• Prepare ad hoc risk analysis as required by senior business or risk personnel or as required for proposed products or services.

• Act as liaison with business units (FX Trading Desks and Treasury) and internal control functions including Audit, Compliance and Model Validation team and assist in the resolution of any audit or control issues related to FX products.

Education level and/or relevant experience(s)

• Bachelor’s degree in finance, mathematics, economics or related discipline

• Master's or higher degree in MBA, Quantitative Finance, Economics or a related field of study preferred.

• 7+ years of relevant work experience with foreign exchange or derivatives experience preferred or equivalent in VaR/ FRTB/Derivatives asset pricing or related quantitative fields.

• Professional certifications (FRM, CFA) or Familiarity with risk management and analysis, preferred.

Knowledge and skills

Knowledge of Capital Markets and financial products such as foreign exchange, fixed income, and derivatives is preferred.

• Understanding of VaR, default and settlement risk, stress testing, and mark to market calculations.

• Familiarity with Murex Risk, Bloomberg, and reporting solutions such as Power BI, Cognos, Tableau etc.

• Experience with Excel VBA coding/building prototype risk models and reporting using Python, R, SQL etc.

• Must be comfortable working in fast paced environment with ability to make and communicate effective risk management decisions.

• Ability to articulate risk management policies and methodologies.

• Experience with the foreign exchange and derivative space.

• Excellent problem solving and analytical skills.

• Strong written and verbal communication skills, including presentations.

• Ability to work independently with limited oversight.

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 and apply today. #MadeForGreater

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 MyHRHelp@ntrs.com.

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.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.