Vice President – Liquidity and Asset Liability Management Modeling
| Company | Northern Trust |
|---|---|
| Location | Boston, MA, USA, Chicago, IL, USA, New York, NY, USA |
| Salary | $99600 – $169200 |
| Type | Full-Time |
| Degrees | Master’s |
| Experience Level | Senior |
Requirements
- 5-7 year’s work 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
Responsibilities
- 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.
Preferred Qualifications
- 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
- Working knowledge of the three lines of defense and ideally experience working closely with second line risk management and third line internal audit groups