Model Monitoring/Model Development

4 weeks ago


bangalore, India Northern Trust Corporation 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.

Role/Department
Senior Analyst/Associate Consultant, is a key member of the Risk Analytics and Data Service Team and Responsible for acting as an individual contributor in the development and maintenance of high quality risk analytics. Resolves complex issues in Credit Risk/ PPNR modelling and measuring risk, enhancement in Credit Risk/ PPNR methodologies or other aspects of risk measurement.

Job title: Senior Analyst/Associate Consultant/Consultant
Location: Bangalore/Pune
Experience: 2-8 years of relevant experience

Major Duties
• Responsible for Development of CCAR models (PD/EAD/LGD) , CECL models (PD/EAD/LGD) and Basel models (PD/EAD/LGD). Also for PPNR model development for Non-Interest Income, Net Interest Income, Expense, Deposit, Balance models. Ensures regular production of analytical work.. Collaborates with regulators, Audit Services, and other independent reviewers. 
• Evaluates existing framework in relation to corporate objectives and industry leading practices. Assesses development needs and manages process to achieve desired future state. 
• Supports stress testing, capital quantification and/or internal capital allocation methodologies. Ensures that modelling approaches meet both internal corporate needs and regulatory requirements related to prevailing regulatory guidance. 
• Provides technical/theoretical inputs to resolve risk issues and enhance overall risk framework. Works with other risk or business unit teams to ensure that risk management policies/processes and quantitative modelling approaches are consistent. 
• Operates independently; has knowledge of banking balance sheets and income statements.
• Conducts analysis, independently ensuring accuracy and completeness. 
• Responsible for interaction with different committees and/or senior management. 

Qualification
• Master in Statistics/ Economics/Mathematics/advanced degree in quant area
• Or B.tech. From tier 1 college with MBA in related field 

Skills Required
• Strong BASEL, CCAR and DFAST, SR-11/7 understanding. Strong regulatory understanding 
• 2+ years of hands on model building experience in Credit Risk / PPNR
• Strong conceptual and technical knowledge of risk concepts and quantitative modelling techniques including familiarity with statistical concepts used in stress testing Strong in quantitative skills – experience in model validation a plus
• Experience in R, SAS, Matlab, advanced Excel techniques and VBA programming. SAS is preferred 
• Strong Experience in building linear regression models, Nonlinear regression, time series modeling (ARIMA, AR, VAR, MA ) and stochastic process
• 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

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.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

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.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.



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