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Team Lead, Risk (Model Governance)

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Risk Management/Compliance
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73047 Requisition #
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Northern Trust Model Governance team is looking for a high performing individual can be responsible for contributing to the development of a high quality model risk management framework for the firm, establish controls to ensure that model governance program is implemented, and adhered to across the organization. The individual needs to be comfortable with all aspects of model risk identification, measurement, and reporting. This role is balanced between high level operational execution and development, and execution of strategic direction of business function activities. Specifically, individual will be:

 

1. Responsible for administering the SAS MRM system, NT’s central data repository for model risk management activities.
2. Evaluating existing framework in relation to corporate objectives and industry leading practices. Assesses development needs and manages process to achieve desired future state.
3. Work with other risk teams to ensure that risk management policies/processes are consistently adhered to.
4. Works with project management team to track development efforts and resolve issues.
5. Conducts preliminary analysis on issues arising within model risk management.
6. Responsible for interaction with different committees and/or management.
7. Responsible for developing, implementing and administering programs within Risk Management for specific product(s)
8. Acts as subject matter expert and provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.
9. Ensures that capital modeling and allocation approaches meet both internal corporate needs and regulatory requirements related to prevailing regulatory guidance.
10. Operates independently; has in-depth knowledge of business unit / function.
11. Carries out complex activities with significant financial, client, and/or internal business impact.

Qualification:
A College or University degree and relevant proven work experience is required; Advanced degree in related field (business administration, math, statistics, economics) or equivalent career experience preferred. Related Industry qualification is preferred.
Strong conceptual knowledge of model life cycle and associated risks.
Excellent oral and written communication skills are required.
Analytical and problem solving skills are required.
Certified Internal Auditor (CIA) is preferred
Technical skills / systems knowledge (e.g. SAS, Advanced Excel) is preferred.

 

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 September 30, 2018, Northern Trust Corporation had:

$10.8 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets

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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.

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