Interest Rate Risk, Specialist at Northern Trust

Chicago, Illinois, United States

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Experience with asset and liability management, particularly within QRM
Strong knowledge of financial services and understanding of bank balance sheet and income statement dynamics, including risk characteristics of various asset and liability categories (preferred)
Understanding of interest rate risk regulations and applying these expectations to practice (preferred)
Strong analytical and communication skills to constructively challenge and influence the Treasury function, and articulate key risks to the risk committee
Experience applying risk management commensurate with the organization’s risk profile and regulatory requirements
5 or more years of experience in one or more of the following areas: treasury, asset and liability risk management, compliance or regulatory oversight, auditing, or consulting (desired)
Strong written and verbal communication skills
Experience with analytics within QRM, SAS, Excel, and PowerPoint or other tools (preferred)

Preparing reports and communicating interest rate risk exposures to the Market and Liquidity Risk Committee and Risk Committee of the Board
Performing independent analysis and challenging asset and liability measurement methodologies (scenarios, assumptions, etc.)
Recommending and advising on areas of enhancements and informing risk oversight committees of mitigation steps underway
Calibrating interest rate risk limits, as well as monitoring the organization’s overall interest rate risk profile
Independently producing QRM production results to verify accuracy, as well as leading monthly production control meetings with Treasury
Maintaining and overseeing adherence with Interest Rate Risk Management policies and procedures
Assessing compliance with regulatory requirements and common industry practices applicable to interest rate risk and coordinating with regulators and/or internal audit during their reviews
Evaluating new products for potential interest rate risk impacts
Overseeing interest rate risk management policies and limits
Communicating risk exposures to oversight committees
Performing independent analysis and challenge of measurement methodologies and assumptions