Market/Counterparty Risk Model Development

Welcome to Northern Trust, a leading global asset management firm with a rich history of providing exceptional financial services to clients worldwide. We are currently seeking a highly skilled and driven Market/Counterparty Risk Model Developer to join our team. In this role, you will play a critical part in developing and enhancing our market and counterparty risk models, ensuring the accuracy and effectiveness of our risk management practices. If you are a motivated and analytical individual with a strong understanding of financial markets and risk management, we encourage you to apply. Join us at Northern Trust and take your career to the next level. Develop and enhance market and counterparty risk models for Northern Trust, ensuring accuracy and effectiveness in risk management practices. Conduct thorough analysis of financial markets and risk management techniques to inform model development and improvement. Collaborate with cross-functional teams, including risk management, investment strategy, and technology, to identify and implement solutions for model enhancements. Monitor and evaluate the performance of existing risk models and propose recommendations for improvements. Stay updated on industry trends and best practices in risk management, and incorporate them into model development and enhancement. Communicate complex risk model concepts and results to various stakeholders, including senior management. Conduct stress-testing and scenario analysis to assess the impact of potential market events on Northern Trust's risk exposure. Ensure compliance with regulatory requirements and internal policies and procedures related to risk management. Train and mentor junior team members on risk model development and implementation. Take ownership of projects and initiatives related to risk model development and contribute to the overall success of Northern Trust's risk management function. Northern Trust is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. Apply tot his job