Northern Trust · 3 hours ago
Specialist - Balance Sheet and Deposit Strategist
NYC Metro Area
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expNorthern Trust is a globally recognized financial institution that has been in operation since 1889. The Specialist - Balance Sheet and Deposit Strategist will develop and implement strategies to expand the bank's deposit base, partnering with cross-functional teams and providing strategic insights to senior management.
BankingFinanceFinancial ServicesWealth Management
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 firm's 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 firm's 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 NT's 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
Qualification
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
Bachelor's degree required; MBA or Master's 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
Benefits
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
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Company
Northern Trust
Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking.
10001+ employees
H1B Sponsorship
Northern Trust has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (180)
2024 (203)
2023 (102)
2022 (74)
2021 (298)
2020 (83)
Funding
Current Stage
Public CompanyTotal Funding
$1.25B2025-11-20Post Ipo Debt· $1.25B
1978-01-13IPO
Leadership Team
Michael O'Grady
President, Chief Executive Officer & Director
Peter Cherecwich
Chief Operating Officer
Recent News
Business Wire
2025-12-18
2025-12-11
Company data provided by crunchbase