Model Validation(Market Risk)

7 days ago

Bengaluru, Karnataka, India Northern Trust Full time

About Northern Trust:


Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.


Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity.

With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.


Summary

Under general supervision (but works independently most of the time) responsible for performing a variety of moderately complex risk analytics and/or capital allocation framework activities for the Corporation.

Resolves moderately complex issues in advanced data modeling and measuring risk, allocation of capital for performance measurement or other aspects of risk measurement.


Major Duties

  • Responsible for the validation of moderately complex analytical models used for CCAR and Asset management purposes across the organization
  • Ensures model development, monitoring, and validation approaches meet regulatory expectations and internal risk management needs
  • Provides analytical or risk measurement support to help meet both internal corporate and regulatory requirements
  • Develop indepth knowledge of business unit / function and complex modeling techniques used
  • Independently validate models with focus on accuracy and completeness.
  • Adept stake holder management and smooth interaction with various model owners
  • Clearly communicate the complex issues/findings of the model validation outcomes to stake holders.
  • Keep abreast with latest regulatory requirements around model risk management
  • Evaluates existing model risk framework in relation to department objectives and industry leading practices.
  • Assesses validation requirements and actively provides solutions to enhance the model validation framework

Knowledge/Skills

  • Excellent oral and written communication skills are required when interacting with committees and/or management
  • Knowledge of risk measurement required to support function
  • Analytical and problem solving skills are preferred
  • Technical skills/systems - Medium Level Knowledge on SAS, Python, Matlab, Advanced Excel, VBA) is preferred

Experience Required

  • A College or University degree
  • Advanced degree in related field (math, statistics, and economics) or equivalent career experience preferred.
  • A relevant work experience of 2 to 5 years is required.

Working with Us:

As a Northern Trust partner, greater achievements await.

You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.


Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.


Reasonable accommodation
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Job ID R121411

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