Northern Trust · 2 days ago

Liquidity Risk Specialist

Chicago, IL

Full-time

Onsite

Senior Level

8+ years exp

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Responsibilities

Independent review and challenge of stress testing assumptions and performing independent complex analysis of key product drivers to support assumption calibration

Drive complex sensitivity analysis and scenario analysis across a variety of key liquidity drivers and products

Independent review and challenge of intraday liquidity practices and liaison with first line and business partners in strategic enhancement of intraday practices

Working closely with more junior members that will assist with independent analysis

Raising material risk issues to the Market and Liquidity Risk Committee, and coordinating with 1st line partners on remediation

Assessing compliance with regulatory requirements and common industry practices applicable to liquidity management

Recommending and advising on areas of enhancements, and informing risk oversight committees of mitigation steps

Qualification

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Financial ServicesRisk ManagementComplianceRegulatory OversightAuditingConsultingFinancial ReportingLiquidity RegulationsEnhanced Prudential StandardsLCRNSFRSR 10-SR 12-Balance SheetsCustody BusinessProblem-SolvingCritical ThinkingAnalyticalVerbal CommunicationWritten CommunicationInfluencingConsensus BuildingResiliencePresentationTreasury InstrumentsFundingInvestment ActivitiesCash Settlement PracticesAnalyticsExcel

Required

8 or more years of experience in one or more of the following areas of financial services is desired: treasury, risk management, compliance or regulatory oversight, auditing, consulting, or financial reporting

Strong written and verbal communication skills with demonstrated success challenging the status quo, influencing outcomes, and consensus building. Experience presenting key risks to senior management

Strong analytical and quantitative skills, critical thinking, investigative problem-solving and demonstrated resilience to take unpopular viewpoints as warranted

Understanding of liquidity regulations and applying these expectations to practice (e.g. Enhanced Prudential Standards, LCR, NSFR, 2052a, SR 10-6, SR 12-7)

Strong knowledge of financial services is expected, including understanding of balance sheets and custody business and implications to potential liquidity exposures is a plus