Senior Analyst, Market Risk

Responsibilities

• Develop and maintain high-quality risk analytics for Market Risk and Counterparty Credit Risk modelling.
• Lead capital market model development for trading derivative products (FX and Interest Rate) and securities lending portfolios.
• Develop daily trading limit models, Initial Margin models for uncleared trades, and Basel regulatory exposure calculation tools (EAD).
• Support stress testing, capital quantification, and internal capital allocation methodologies.
• Collaborate with front office business partners, regulators, Audit Services, and independent reviewers to ensure compliance with regulatory guidance.
• Provide technical and theoretical inputs to resolve complex risk issues and enhance the overall risk framework.
• Conduct independent analysis to ensure the accuracy and completeness of risk measurements.

Requirements

• Master's degree in Statistics, Economics, Mathematics, or an advanced quantitative degree.
• Alternatively, a B.Tech from a tier 1 college with an MBA in a related field.
• 0-2 years of hands-on quantitative risk experience related to market or counterparty risk.
• Proficiency in Python (preferred), SAS, and VBA programming.
• Strong knowledge of stochastic process pricing and Monte Carlo Simulation models.
• Deep understanding of regulatory frameworks including BASEL, CCAR, and SR11/7.
• Strong conceptual and technical knowledge of statistical concepts used in stress testing.
• Excellent verbal and written communication skills in English.

Preferred Qualifications

• Experience in model validation.
• Relevant industry qualifications such as CFA or FRM.
• Experience working in a multi-cultural and global environment.

About the Company

Northern Trust is a Fortune 500 company and a globally recognized financial institution that has been in continuous operation since 1889. We provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions through service, expertise, and integrity.