Risk Analytics Specialist
6 days ago
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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