Northern Trust is seeking a Specialist - Balance Sheet and Deposit Strategist to develop and implement strategies to expand the bank's deposit base through initiatives such as product management, data-driven analysis, pricing optimization, and support ALM in helping develop and execute ALM strategies that align with risk appetite and business objectives.
Requirements
- 10+ years of progressive experience in business unit, treasury, finance, corporate strategy, and/or asset-liability management (ALM), including at least 3 years at an institution of comparable size and complexity to Northern Trust.
- Deep expertise in deposit pricing, deposits strategy, fixed income markets and modeling, ALM, and balance sheet strategy, including portfolio optimization and hedging strategies for large non-maturity deposit portfolios.
- Knowledge on global regulatory requirements and expectations governing liquidity risk, interest rate risk, and modeling practices.
- Familiarity with Asset Liability Management, Interest Rate Risk Management, Liquidity Risk Management, and Funds Transfer Pricing
- Exceptional communication skills, both written and verbal, with a proven ability to develop presentations and influence senior leadership on strategic balance sheet decisions.
- Innovative mindset with demonstrated ability to work in undefined spaces and create actionable, creative analyses that drive company strategy.
- Bachelor’s degree required; MBA or Master’s degree preferred.
- Professional certifications such as CFA, FRM, or PRM are preferred.
- Experience managing risks associated with a wealth management or custody bank balance sheet business model.
- Knowledge of Wealth Management and/or Asset Servicing/Custody Bank business models.
- Financial modeling and analysis experience using platforms such as BlackRock-Aladdin, Murex, Bloomberg, QRM, or similar systems is a plus
Benefits
- Retirement Plan
- 401k Matching
- Health and welfare benefits (medical, dental, vision, spending accounts and disability)
- Paid time off
- Parental and caregiver leave
- Life & accident insurance
- Other voluntary and well-being benefits
