Northern Trust - Analyst/Associate Consultant - Operation Risk Management

Position: Analyst/Associate Consultant

Location : Bangalore

Years of Experience:1-5

Summary :

This opportunity is for a role with Ops Risk Analytics in Northern Trust.The primary functions are to develop Ops Risk models for Basel and CCAR, perform and oversee the detailed validation of Risk models, Monitoring and back testing, Documentation etc.

Responsible for contributing to the high quality risk analytics as identified within the model risk management framework for the Corporation. Resolves complex issues in model validation and model development by measuring risk, allocation of capital for performance measurement, or other aspects of risk measurement.

Major Duties :

- Developing Operational Risk models using Advanced Modeling Approach (AMA) using Basel guidelines, Allocation model for internal capital calculation for different business units

- Provides technical/theoretical expertise to resolve model risk issues and enhance overall model risk management framework. Works with other risk teams to ensure that risk management policies/processes and quantitative modeling approaches are consistent:

- Ensures that capital modeling and allocation approaches meet both internal corporate needs and regulatory requirements related to prevailing regulatory guidance.

- Works with project management team to track development efforts and resolve issues.

- Operates independently; has in-depth knowledge of business unit / function

- Acts as subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level

- Responsible for resolving complex issues in risk quantification, regulatory reporting and external financial statements and other aspects of risk measurement. Leads initiatives for improvements in risk measurement processes and reports.

- Carries out complex activities with significant financial, client, and/or internal business impact.

- Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities

- Responsible for interaction with different committees and/or management

Knowledge/Skills :

- Strong experience in Extreme value theory, Poisson Distribution, Log-Normal distribution, Weibull distribution, Monte Carlo simulation, Correlation analysis and nonlinear regression techniques

- Excellent oral and written communication skills are required.

- Strong conceptual and technical knowledge of risk concepts and quantitative modeling techniques.

- Functional / Industry Knowledge is required. Analytical and problem solving skills are required.

- Strong Excel skills are required.

- Technical skills / systems knowledge (e.g. SAS, Python,and R) is desirable. R will be preferred

- Experience in Basel and CCAR models development/ validation desirable.

- Financial Regulation knowledge (CCAR, DFAST, BASEL II/ III) will be desirable.

Candidate Qualification:

- PhD / M. Sc (Statistics /Economics/ Financial Engineering / Mathematics/Quant) / MBA in finance from top B-schools with degree in B.E./B.Tech from top engineering college

- CFA/FRM/CQF candidates preferred.