Treasury Risk Specialist – Interest Rate Risk and Asset Liability Management
| Company | Northern Trust |
|---|---|
| Location | Boston, MA, USA, Chicago, IL, USA |
| Salary | $114700 – $194900 |
| Type | Full-Time |
| Degrees | |
| Experience Level | Senior |
Requirements
- Experience with asset and liability management, particularly within QRM is critical.
- Strong knowledge of financial services is expected and understanding of bank balance sheet and income statement dynamics, including the risk characteristics of various asset and liability categories is a plus.
- Understanding of interest rate risk regulations and applying these expectations to practice is preferred.
- Strong analytical and communication skills are required to constructively challenge and influence the Treasury function, as well as articulate key risks to the risk committee.
- Experience applying risk management commensurate with the organization’s risk profile and regulatory requirements.
Responsibilities
- Preparing reports and communicating interest rate risk exposures to the Market and Liquidity Risk Committee and Business Risk Committee of the Board.
- Performing independent analysis and challenging asset and liability measurement methodologies (scenarios, assumptions, etc.).
- Recommending and advising on areas of enhancements and informing risk oversight committees of mitigation steps underway.
- Calibrating interest rate risk limits, as well as monitoring the organization’s overall interest rate risk profile.
- Independently producing QRM production results to verify accuracy, as well as leading monthly production control meetings with Treasury.
- Maintaining and overseeing adherence with Interest Rate Risk Management policies and procedures.
- Assessing compliance with regulatory requirements and common industry practices applicable to interest rate risk and coordinating with regulators and/or internal audit during their reviews.
- Evaluating new products for potential interest rate risk impacts.
Preferred Qualifications
- 5 or more years of experience in one or more of the following areas of financial services is desired: treasury, asset and liability risk management, compliance or regulatory oversight, auditing, or consulting.
- Strong written and verbal communication skills.
- Experience with analytics within QRM, SAS, Excel, and PowerPoint or other tools is preferred.