Risk Consultant CC Risk at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Excellent communication, verbal, and leadership skills
Knowledge of products such as Foreign Exchange, Securities Lending, MM Placements, and Investment Securities is preferred
Highly flexible and adaptable to change; ability to multi-task on several assignments at once
Advanced analytical, writing skills and some quantitative skills
Strong relationship and presentation skills
Ability to develop relationships at all levels of the organization and crisis management/multi-tasking skills
Bachelor’s degree is required; Master’s degree and/or CFA designation are preferred
5+ years of relevant experience in a counterparty, CCAR/stress testing or country (Europe) risk function is required

Responsibilities

Support strategic initiatives together with the Head of the Counterparty and Country Risk group, including expanded involvement in Counterparty Stress Testing Management
Work with the development and execution of certain CCAR-related estimation tools and processes under the guidance of the head of the group
Support strategic initiatives including developing counterparty stress-testing framework and strategic credit limit allocation across business units
Manage a portfolio of counterparty and countries, ensuring that all entities are reviewed and monitored throughout the year using traditional CAMELS analysis and market-based information along with thorough ad-hoc due diligence visits and calls
Perform financial and market-based analysis, prepare and present reviews of assigned counterparties and portfolio to credit committees with the goal of providing insightful credit opinions and recommendations
Coordinate certain CCAR-related projects, including OTTI estimation and other counterparty credit losses
Execute stress testing exercises related to counterparty risk in conjunction with relevant teams across the bank
Perform analysis of counterparties and countries annually or on ad-hoc basis; assign Probability of Default ratings
Monitor trends of portfolio, serve as subject expert and trust advisor on assigned countries to partners
Manage relationships with local business units, inform of credit issues, and provide guidance for the development of strategies
Contribute to the development of risk monitoring products, processes and models related to counterparties and countries
Present to risk committees as needed
Coordinate, participate or lead visits and calls with external counterparties or clients

Skills

Key technologies and capabilities for this role

CCARStress TestingCAMELSCounterparty RiskProbability of DefaultOTTICredit AnalysisFinancial AnalysisMarket AnalysisDue Diligence

Questions & Answers

Common questions about this position

What skills and qualifications are required for the Risk Consultant position?

The role requires excellent communication, verbal, and leadership skills, advanced analytical, writing, and quantitative skills, strong relationship and presentation skills, and the ability to develop relationships at all levels while managing crises and multitasking. Knowledge of products like Foreign Exchange, Securities Lending, MM Placements, and Investment Securities is preferred. A Bachelor’s degree is also required.

What is the salary or compensation for this Risk Consultant role?

This information is not specified in the job description.

Is this Risk Consultant position remote or does it require office work?

This information is not specified in the job description.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with over 22,000 partners providing innovative financial services using leading technology and exceptional service to sophisticated clients.

What makes a strong candidate for the Risk Consultant CC Risk role?

Strong candidates will have excellent communication, leadership, analytical, quantitative, and presentation skills, along with experience in financial products like Foreign Exchange and Securities Lending, the ability to multitask, and a Bachelor’s degree.