Scenario Analysis Stress Testing Specialist
Scenario Analysis Stress Testing Specialist
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$ 114700 - 194900
1 Vacancy
Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Summary
The Scenario Analysis and Stress Testing Specialist will support the Risk Measurement Director in the development maintenance and implementation of the Scenario Analysis policy including the oversight and coordination of the various stress testing programs across the Bank. The successful candidate will be making sure that stress testing activities are well governed and guided by clear and welldetailed processes and procedures.
The ideal candidate will have demonstrated industry experience in scenario analysis and stress testing including risk management with proven stakeholder management skills as there will be a need to coordinate across multiple stakeholders in the 1st and 2nd LoD. Also experience working at a largescale financial services organization and a demonstrated ability to oversee such functions and effectively collaborate with senior stakeholders.
The key responsibilities of the role include:
- Maintain the policy on scenario analysis and stress testing and respond to inquiries from examiners and auditors on practices in this area
- Support stress testing program managers in the development of scenarios and stress testing programs
- Analyze and interpret the banks stress testing program results in order to determine if stress tests require additional escalation to the relevant Chief Risk Officer and riskcommittees
- Develop and maintain an inventory of stress testing programsas well as enterprise scenario library including regulatory guidance applicable for each stress test current pipeline of activities and stress test analysis summaries/results.
- Facilitate the connection of the various stress testing program managers to achieve synergies harmonize processes and enhance efficiency across various stress testing programs
- Prepare periodic activity reporting for senior management including a summary of enterprise stress testing activities.
- Facilitate discussions across Northern Trust stakeholders in order to establish linkage of the stress testing results with other risk management processes such as risk appetite and risk identification
- Execute on strategic direction of business function activities able to carry out the most complex initiatives involving multiple disciplines and/or ambiguous issues
- Able to display a balanced crossfunctional perspective liaising with the rest of the business to improve efficiency effectiveness and productivity
- Highly flexible and adaptable to change. Able to work across junior and senior staff members globally and across different time zones
Key Skills/ Experience
- Knowledge of risk management and strategic goals for the banks business. In depth knowledge of regulations federal state and local laws and regulations acquired through formal education and work experience is required.
- Seasoned multidisciplinary expert with extensive technical digital and / or business knowledge and functional expertise in risk avoidance and compliance.
- Demonstrated industry experience in risk management and specifically scenario analysis and stress testing coordination and oversight roles
- Experience in relevant regulatory guidance including the Reg YY SR127
- Works effectively as a team member but also independently
- Excellent analytical and problem solving skills with attention to detail
- Strong communication skills both written and verbal proven experience in interfacing comfortably across multiple stakeholders
- Reporting skills with an ability to analyze and summarize information.
- Knowledge of risk appetite (limits setting) and regulatory capital requirements is a plus.
- Communication and analytical skills are necessary to consult with partners/clients and analyze information and apply regulations.
Salary Range:
$USDSalary 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 wellbeing 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.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply 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 youre 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.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
