Specialist Balance Sheet and Deposit Strategist

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 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.

The Specialist- Balance Sheet and Deposit Strategist will be responsible for developing and implementing strategies to expand the banks deposit base through initiatives such as product management data-driven analysis and pricing optimization. Core duties include partnering with cross-functional teams evaluating market and product performance designing competitive pricing strategies and identifying growth opportunities. The role demands strong analytical communication and leadership skills to deliver strategic insights and actionable recommendations to senior management. The Balance Sheet Modeling and Analytics Specialist will report to the Global Head of Asset Liability Management and work closely with the Treasurer and the head of the Wealth Management and Asset Servicing businesses.

Ideally the prospective candidate will be a seasoned leader with extensive balance sheet management and deposits pricing experience primarily in the areas of Asset Liability Management and Liquidity Risk Management. The prospective candidate should have working knowledge of balance sheet strategy product pricing global economic/yield curve environment and business strategy which are necessary to support balance sheet and deposits growth optimization and profitability.

Key responsibilities:

• Support deposits growth balance sheet analytics strategy and optimization provide holistic analysis of product profitability with capital liquidity and funding constraints.
• Provide support in deposit strategy and balance sheet management of the firm to drive results and achieve financial targets driving internal and external communication of the strategy and performance of the balance sheet and conducting analytics and projects related to the firms NII/NIM ROE and associated financial metrics.
• Serve as liaison between Treasury the business units and One Northern Liquidity initiatives to coordinate and oversee analytics to support deposits gathering & monetization strategy.
• Provide thought leadership and collaborate with teams across the firm including Business Lines One Liquidity Team Treasury Investments Capital Management MRP&A and Investor Relations to achieve the objectives of Treasury and the firm.
• Support the execution of balance sheet optimization solutions which will support senior management decision making of the firms balance sheet strategy and ensure connectivity with FTP deposits liquidity value capital and other costs.
• Apply business acumen across Wealth Management / Asset Servicing / Competitive Intelligence/ Markets to capture idiosyncratic business dynamics leveraging product and client-level information.
• Produce high quality materials to concisely communicate insights and balance sheet strategic recommendations to NTs senior management and Business Treasury teams.
• Help syndicate key messages with senior Business leaders to garner key stakeholder engagement and ensure alignment of broader organization with overall balance sheet strategy execution.

Required:

• 10 years of progressive experience in business unit treasury finance corporate strategy and/or asset-liability management (ALM) including at least 3 years at an institution of comparable size and complexity to Northern Trust.
• Deep expertise in deposit pricing deposits strategy fixed income markets and modeling ALM and balance sheet strategy including portfolio optimization and hedging strategies for large non-maturity deposit portfolios.
• Knowledge on global regulatory requirements and expectations governing liquidity risk interest rate risk and modeling practices.
• Familiarity with Asset Liability Management Interest Rate Risk Management Liquidity Risk Management and Funds Transfer Pricing
• Exceptional communication skills both written and verbal with a proven ability to develop presentations and influence senior leadership on strategic balance sheet decisions.
• Innovative mindset with demonstrated ability to work in undefined spaces and create actionable creative analyses that drive company strategy.
• Bachelors degree required; MBA or Masters degree preferred.

Preferred:

• Professional certifications such as CFA FRM or PRM are preferred.
• Experience managing risks associated with a wealth management or custody bank balance sheet business model.
• Knowledge of Wealth Management and/or Asset Servicing/Custody Bank business models.
• Financial modeling and analysis experience using platforms such as BlackRock-Aladdin Murex Bloomberg QRM or similar systems is a plus.

Working Model: Hybrid (#LI-Hybrid)
We have a balanced hybrid working model to ensure you get the flexibility you need and the successful candidate will spend their time between working in the office and working from home

Salary Range:

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.

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.