Job Description
Northern Trust Bangalore, India
Posted 1 day ago Permanent Competitive
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 188+.
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
Responsible for the validation of complex quantitative models used within the company, with focus on market risk and counterparty credit risk models. Model validators perform independent analysis to provide effective challenge to the models by evaluating model related risks including input data, model assumptions and limitations, conceptual soundness, methodology, outcomes analysis, benchmarking, monitoring, and model implementation.
Major Duties
Responsible for validation of market risk (VaR) and counterparty credit risk models (PFE, SIMM, etc.)
Able to challenge conceptual soundness of the models as well as assure that appropriate and good quality data was used for development
Good understanding of fixed income and FX derivatives and their valuation methodologies
As part of centralized Model Validation team within the bank, expected to work on varied areas of risk management
Has good understanding of CCAR stress testing and SR 11-7 model risk requirements
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 in-depth knowledge of business units/functions and complex modeling techniques used
Independently validate models with focus on accuracy and completeness.
Adept stakeholder management and smooth interaction with various model owners
Clearly communicate the complex issues/findings of the model validation outcomes to stakeholders.
Keep abreast with latest regulatory requirements around model risk management
Evaluates existing model risk framework in relation to department objectives and industry leading practices, and actively provides solutions to enhance the model risk management/validation framework.
Knowledge/Skills
Strong analytical and problem solving skills combined with conceptual and technical knowledge of risk concepts
Knowledge of valuation methodologies of fixed income and FX derivatives instruments
Knowledge of market risk/counterparty credit risk concepts
Knowledge of Python is preferred
Strong preference for candidates with certifications such as CFA/FRM/CQF
Experience Required
Postgraduate degree in a quantitative discipline (math, statistics, economics)
Experience of working in market risk/counterparty credit risk area
Valuation of fixed income and FX derivatives
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 MyHRHelp@ntrs.com.
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.
Additional Information
Job ID +3628
Posted 1 day ago Permanent Competitive
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 188+.
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
Responsible for the validation of complex quantitative models used within the company, with focus on market risk and counterparty credit risk models. Model validators perform independent analysis to provide effective challenge to the models by evaluating model related risks including input data, model assumptions and limitations, conceptual soundness, methodology, outcomes analysis, benchmarking, monitoring, and model implementation.
Major Duties
Responsible for validation of market risk (VaR) and counterparty credit risk models (PFE, SIMM, etc.)
Able to challenge conceptual soundness of the models as well as assure that appropriate and good quality data was used for development
Good understanding of fixed income and FX derivatives and their valuation methodologies
As part of centralized Model Validation team within the bank, expected to work on varied areas of risk management
Has good understanding of CCAR stress testing and SR 11-7 model risk requirements
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 in-depth knowledge of business units/functions and complex modeling techniques used
Independently validate models with focus on accuracy and completeness.
Adept stakeholder management and smooth interaction with various model owners
Clearly communicate the complex issues/findings of the model validation outcomes to stakeholders.
Keep abreast with latest regulatory requirements around model risk management
Evaluates existing model risk framework in relation to department objectives and industry leading practices, and actively provides solutions to enhance the model risk management/validation framework.
Knowledge/Skills
Strong analytical and problem solving skills combined with conceptual and technical knowledge of risk concepts
Knowledge of valuation methodologies of fixed income and FX derivatives instruments
Knowledge of market risk/counterparty credit risk concepts
Knowledge of Python is preferred
Strong preference for candidates with certifications such as CFA/FRM/CQF
Experience Required
Postgraduate degree in a quantitative discipline (math, statistics, economics)
Experience of working in market risk/counterparty credit risk area
Valuation of fixed income and FX derivatives
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 MyHRHelp@ntrs.com.
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.
Additional Information
Job ID +3628
💡 Quick Summary
Seeking a career-building opportunity? The Senior Analyst|Associate Consultant | Model Validation|Market Risk position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.