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Balance Sheet Modeling Analyst – Python & SAS
| Company | Northern Trust |
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| Location | Chicago, IL, USA |
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| Salary | $83100 – $141300 |
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| Type | Full-Time |
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| Degrees | Master’s |
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| Experience Level | Senior |
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Requirements
- 5-7 year’s work prior ALM or Liquidity 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
Responsibilities
- Drive the development and maintenance of Treasury models, primarily the operational deposit model; Responsible for the monthly production runs, fielding questions related to deposits behaviors, the model output.
- Lead the documentation of the operational deposit model and take the model 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 models 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 deposits and 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.
Preferred Qualifications
- Working knowledge of relational databases
- Strong understanding of ALM modeling framework, risk identification, risk measurement approaches
- Ideally experience working closely with second line risk management and third line internal audit groups
