Job Description
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.
We are actively seeking a highly experienced Investment Risk specialist in Equity and Derivatives, to lead our independent risk management initiatives and contribute to the success of our investment strategies.
The key responsibilities of the role include:
• Provide independent oversight to risks associated with equities, derivatives and quantitative strategies, ensuring alignment with organizational goals and risk appetite.
• Lead efforts by identifying, analyzing, reporting and mitigating potential investment risks within established risk guidelines.
• Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk
• Document policies, procedures and standards related to the investment risk oversight and governance of equities and derivatives.
• Ensure compliance with regulatory requirements and industry standards related to equity and derivative investments, collaborating with legal and compliance teams.
• Effectively communicate risk assessments, mitigation strategies, and performance insights to senior management, committees, board members, and external stakeholders.
• Stay abreast of industry best practices and emerging trends in investment risk management, driving innovation and improvement in risk processes.
• Collaborate closely with portfolio managers, traders, and other investment professionals to integrate risk management into the investment decision-making process
• Expand the use of quantitative risk analysis and export the best practices to other investment products.
• Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of work.
The successful candidate will benefit from having:
• Bachelor's degree in Finance, Economics, or a related field; advanced degree (e.g., MBA, CFA) is highly desirable.
• 10+ years of experience in investment risk management, with a focus on equities, derivatives and quantitative risk management.
• Proven track record of successfully leading risk management efforts for equity and derivative portfolios in a complex and dynamic market environment.
• Expertise and experience in risk models for equities and derivatives, utilizing quantitative methodologies.
• In-depth knowledge of equity markets, derivatives, quantitative methods, financial instruments, and regulatory landscape.
• Excellent communication and presentation skills, with the ability to convey complex concepts to diverse stakeholders.
• Strategic mindset, with the ability to contribute and challenge the overall investment strategy of the organization
#LI-LK2, #LI-Hybrid
Salary Range:
$137,400 - 233,600 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
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 [email protected].
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.
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.
We are actively seeking a highly experienced Investment Risk specialist in Equity and Derivatives, to lead our independent risk management initiatives and contribute to the success of our investment strategies.
The key responsibilities of the role include:
• Provide independent oversight to risks associated with equities, derivatives and quantitative strategies, ensuring alignment with organizational goals and risk appetite.
• Lead efforts by identifying, analyzing, reporting and mitigating potential investment risks within established risk guidelines.
• Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure. Eg. Factor-based risk
• Document policies, procedures and standards related to the investment risk oversight and governance of equities and derivatives.
• Ensure compliance with regulatory requirements and industry standards related to equity and derivative investments, collaborating with legal and compliance teams.
• Effectively communicate risk assessments, mitigation strategies, and performance insights to senior management, committees, board members, and external stakeholders.
• Stay abreast of industry best practices and emerging trends in investment risk management, driving innovation and improvement in risk processes.
• Collaborate closely with portfolio managers, traders, and other investment professionals to integrate risk management into the investment decision-making process
• Expand the use of quantitative risk analysis and export the best practices to other investment products.
• Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of work.
The successful candidate will benefit from having:
• Bachelor's degree in Finance, Economics, or a related field; advanced degree (e.g., MBA, CFA) is highly desirable.
• 10+ years of experience in investment risk management, with a focus on equities, derivatives and quantitative risk management.
• Proven track record of successfully leading risk management efforts for equity and derivative portfolios in a complex and dynamic market environment.
• Expertise and experience in risk models for equities and derivatives, utilizing quantitative methodologies.
• In-depth knowledge of equity markets, derivatives, quantitative methods, financial instruments, and regulatory landscape.
• Excellent communication and presentation skills, with the ability to convey complex concepts to diverse stakeholders.
• Strategic mindset, with the ability to contribute and challenge the overall investment strategy of the organization
#LI-LK2, #LI-Hybrid
Salary Range:
$137,400 - 233,600 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
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 [email protected].
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.
💡 Quick Summary
Seeking a career-building opportunity? The Specialist, Investment Risk position is now open for candidates interested in the Bank Jobs sector. This role in Chicago 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.
