Specialist Balance Sheet Optimization

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 Optimization is responsible for developing and executing strategies to optimize the banks balance sheet across deposits investments funding and liquidity while operating within established interest rate risk capital and regulatory frameworks.

This role partners closely with Treasury functions including Asset Liability Management (ALM) Liquidity Investment Portfolio and Funding desk as well as Capital Management and Business Units (Asset Servicing Wealth Management and Asset Management) to drive earnings growth balance sheet resilience and capital efficiency.

The Specialist delivers forwardlooking analytics and strategic insights to the Treasurer senior management ALCO and governance committees with a focus on Net Interest Income (NII) liquidity optimization deposit monetization and interest rate risk management.

Key Responsibilities

• Develop and maintain an integrated balance sheet strategy across deposits investments funding and capital aligned with the firms risk appetite regulatory requirements and business objectives.
• Evaluate tradeoffs between earnings liquidity interest rate risk and capital under multiple market environments and stress scenarios.
• Support balance sheet growth and optimization initiatives through datadriven analysis and actionable strategic recommendations.
• Analyze Return on Equity (ROE) Risk-Weighted Assets (RWA) liquidity consumption and capital efficiency for balance sheetintensive activities.
• Partner with business lines to evaluate deposit flows pricing and liquidity value across client segments and products.
• Support deposit monetization strategies including pricing optimization and balance sheet allocation decisions.
• Assess liquidity buffers and contingent funding considerations and incorporate impacts into financial outlooks and strategic plans.
• Support in the development of NII forecasts and sensitivity analysis and assess impacts to interest rate risk metrics (e.g. NII shock MVE).
• Evaluate hedging and investment strategies to manage interest rate risk while supporting earnings objectives.
• Ensure consistency across forecast assumptions deposit betas investment strategies and approved balance sheet initiatives.
• Produce and present balance sheet and NII analytics for senior management ALCO and regulatory forums.
• Ensure transparency documentation and governance alignment in all strategic recommendations.
• Partner with Investment Portfolio Liquidity Capital Management Technology and Finance to improve balance sheet analytics processes and systems.
• Contribute to the ongoing enhancement of balance sheet models data infrastructure and reporting automation initiatives.
• Provide thought leadership on market trends yield curve dynamics and competitive positioning.

Qualifications

• Bachelors degree in Finance Economics Accounting Statistics Mathematics or a related quantitative field; MBA or Masters degree preferred.
• Professional certifications such as CFA FRM or PRM are preferred.
• 10 years of experience in Treasury ALM Liquidity Risk Balance Sheet Management or related functions within a bank or financial institution.
• Strong understanding of bank balance sheets including deposits securities portfolios hedging strategies wholesale funding and liquidity frameworks.
• Experience supporting ALCO senior management and/or regulatory forums.
• Deep knowledge of balance sheet strategy NII drivers liquidity metrics and interest rate risk.
• Strong analytical and financial modeling skills with the ability to translate complex analysis into executivelevel insights.
• Excellent written and verbal communication skills including the ability to lead the development of senior management level presentations.
• Ability to operate effectively in a highly regulated environment with strong governance discipline.
• Advanced Excel and PowerPoint skills; experience with Power BI ALM/QRM platforms and data tools strongly preferred.

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.