Operational Risk Analytics Consultant
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Job Location:
Monthly Salary:
Posted on:
18 hours ago
Vacancies:
1 Vacancy
Job Summary
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.
Consultant Operational Risk Analytics is a key member of the Risk Analytics Team acting as an individual contributor in the development and maintenance of high quality risk analytics for Operational Risk models. The analyst will ideate develop and test quantitative modelling and measuring techniques and support other aspects of analytics including automation data engineering and present ideas and result to leadership team. The role will cover several aspects of model lifecycle including development monitoring recalibration and implementation of risk models in R/Python etc. This role will also support analytics (using PowerBI PySpark etc.) and conduct deep dives around a multitude of Operational Risks to inform trends and themes to the leadership team.
Major Duties
- Research and evaluate quantitative approaches for model development; coding testing and validation.
- Assist team members in the statistical model development monitoring implementation and model validation for Operational Risk models (AMA capital estimation stress testing legal entity Pillar II capital capital allocation etc). Work on improving efficiencies and modelling activities that require enhancements for execution standards and maintenance of risk models.
- Examples of some of the commonly used techniques used by our team include OLS and Logistic Regression Time Series Regression Monte Carlo Simulation Decision Trees Gradient Boost Bayesian Inference etc.
- Perform analytics and deep dive around Operational Risk Data (Losses Near-Misses Wire Payment Errors Risk and Control Self Assessments) to inform emerging trends and themes. Design dashboards using business intelligence and data management tools like Power BI Databricks R Shiny etc.
Skills Required
Sound knowledge of Probability and Statistics
Experience in Data Science Projects
Programming in R/Python/Power BI Prior experience in Banking and Financial Services
Experience
24 months as Associate Consultant
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 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 .
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.
About Our Bangalore Office
The Northern Trust Bangalore office established in 2005 is home to over 5600 this stunning office space we offer fantastic amenities which include our Arrival Hub Jungle the GameZone and the Employee Experience Zone that appeal to both clients and employees.Learn more.
Required Experience:
Contract
Key Skills
- Computer Science
- Operational Risk Management
- Risk Management
- Six Sigma
- Continuous Improvement
- Lean
- Process Improvement
- Pricing
- Customer Support
- Alteryx
- Kaizen
- Project Management Lifecycle
About Company
Discover Northern Trust’s trusted financial services for individuals, families, and institutions. Guided by service, expertise, and integrity since 1889, we offer wealth management, asset servicing, and investment solutions tailored to your goals.
