Risk Analytics Specialist

6 days ago


Bengaluru, Karnataka, India Northern Trust Full time

About the Role:

Northern Trust is seeking a skilled Risk Analytics Specialist to join our team. As a key member of our risk management group, you will play a critical role in validating complex analytical models used for risk measurement and capital allocation.

Job Description:

The successful candidate will be responsible for ensuring that model development, monitoring, and validation approaches meet regulatory expectations and internal risk management needs. This includes validating models with a focus on accuracy and completeness, providing analytical or risk measurement support to help meet both internal corporate and regulatory requirements, and communicating complex issues/findings of the model validation outcomes to stakeholders.

Key Responsibilities:

  • Validate complex analytical models used for risk measurement and capital allocation
  • Ensure model development, monitoring, and validation approaches meet regulatory expectations and internal risk management needs
  • Provide analytical or risk measurement support to help meet both internal corporate and regulatory requirements
  • Communicate complex issues/findings of the model validation outcomes to stakeholders
  • Keep abreast with latest regulatory requirements around model risk management
  • Evaluate existing model risk framework in relation to department objectives and industry leading practices
  • Assess validation requirements and actively provide solutions to enhance the model validation

Requirements:

To succeed in this role, you will need:

  • A College or University degree
  • Advanced degree in related field (math, statistics, and economics) or equivalent career experience preferred
  • Relevant work experience of 1 to 5 years required
  • Strong Preference for candidates with certifications such as CFA/FRM/CQF

Compensation:

The estimated salary for this role is $120,000 per annum, based on location and industry standards.



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