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Consultant-Team Lead (Employee Referrals Only)

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Risk Management/Compliance
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67731 Requisition #
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Consultant -Team Lead

Summary

The PPNR Team lead is a key member of the Model Strategy & Data Analytics leadership team, responsible for both his/her individual work stream and managing the day to day activity of the team. The key responsibility is to lead the team in the development, monitoring, recalibration, enhancement, and maintenance of PPNR models used in CCAR and stress testing. To complete the primary responsibility, the PPNR Team Lead interacts with senior stakeholders within risk and the business units to guide modelling activities and present results. While the main focus is on analytics for projecting Deposit Balances, the PPNR Team Lead may support other risk analytics work streams such as stress testing approaches for credit losses/other PPNR components, and risk measurement applications outside stress testing (eg. operational risk, CECL, IFRS 9, etc.).
Major Duties

Key work expectations are:
 Responsible for all phases of model development for PPNR models (fees, deposits, loan etc.) including model and methodology design, exploratory data analysis, model selection, testing, implementation, documentation, and ongoing monitoring. Acts as point of contact for PPNR models with regulators, Audit Services, and other independent reviewers.
 Responsible for direct interaction with various committees and/or senior management. Ensures that PPNR model projections meet both internal corporate needs and CCAR regulatory requirements.
 Ensures regular production of high quality analytical work for self and leads all activities of a small team of risk analytics professionals. Trains junior staff on model development, recalibration, monitoring and implementation of models.
 Acts as subject matter expert, providing comprehensive, in-depth consulting and leadership to team and partners. Resolves complex issues in PPNR modelling, risk quantification, risk modelling methodologies, and other aspects of risk measurement to enhance overall risk framework.
 Works with senior team members to evaluate existing processes in relation to corporate objectives and industry practice. Assesses development needs and manages processes to achieve desired future state.
 Works with other Risk teams to ensure that risk management policies/processes and quantitative modelling approaches are consistent. Contributes to communication and training efforts to promote understanding of risk management throughout the company.
 Operates independently; has in-depth knowledge of business unit / function, balance sheet and income statements.
 

xperience & Qualifications

Knowledge/Skills 

 Strong understanding of US regulatory framework including CCAR, DFAST, and SR-11/7.
 Minimum 3-4 years of hands on PPNR modelling experience
 Strong conceptual and technical knowledge of risk concepts and quantitative modelling techniques including familiarity with statistical concepts used in stress testing. Strong quantitative skills – experience in model validation a plus.
 Experience in R, SAS, Matlab, advanced Excel techniques and VBA programming. SAS is must.
 Strong experience in model building using linear regression models, nonlinear regression,  time series approaches (ARIMAX, AR, VAR, MA ), or similar technique.
 Strong organizational and interpersonal skills.
 Excellent verbal and written communication skills (English).
 Experience of working in a multi-cultural and global environment.
 Related Industry qualification (e.g., CFA, FRM) a plus


Experience Required 
 Ph.D. or Master in Statistics/ Economics/Mathematics/advanced degree in quantitative area
 Or B.tech. from tier 1 college with MBA in related field
 7-10 years of relevant experience

 

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


As of March 31,2019, Northern Trust Corporation had:

$10.9 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$122 billion in banking assets

Visit our Careers Site and Talent Network at http://careers.NorthernTrust.com
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It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age.  All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Disclaimer
Northern Trust does not authorize external parties to conduct recruiting events or extend offers of employment on its behalf. It is also not our policy to charge or collect fees of any kind from educational institutions or from candidates for participation in a recruitment event, recruitment process, or to receive offers of employment.

Any person or organization dealing with unauthorized parties, is doing so at their own risk. Northern Trust is not responsible for any losses (monetary or otherwise) that are incurred as a consequence. Northern Trust will also not have any obligation to provide employment to anyone who has been issued a fraudulent offer letter, or to offer any other recourse whatsoever. In order to verify the authenticity of any Northern Trust recruitment event, recruitment process or offer letter you can write to us at talent_acquisition_singapore@ntrs.com.

 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement