Specialist - Balance Sheet and Deposit Strategist at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

10+ years of progressive experience in business unit, treasury, finance, corporate strategy, and/or asset-liability management (ALM), including at least 3 years at an institution of comparable size and complexity to Northern Trust
Deep expertise in deposit pricing, deposits strategy, fixed income markets and modeling, ALM, and balance sheet strategy
Seasoned leader with extensive balance sheet management and deposits pricing experience primarily in the areas of Asset Liability Management and Liquidity Risk Management
Working knowledge of balance sheet strategy, product pricing, global economic/yield curve environment and business strategy
Strong analytical, communication, and leadership skills

Responsibilities

Support deposits growth, balance sheet analytics, strategy, and optimization – provide holistic analysis of product profitability with capital, liquidity, and funding constraints
Provide support in deposit strategy and balance sheet management of the firm to drive results and achieve financial targets, driving internal and external communication of the strategy and performance of the balance sheet, and conducting analytics and projects related to the firm's NII/NIM, ROE and associated financial metrics
Serve as liaison between Treasury, the business units, and One Northern Liquidity initiatives to coordinate and oversee analytics to support deposits gathering & monetization strategy
Provide thought leadership and collaborate with teams across the firm including Business Lines, One Liquidity Team, Treasury, Investments, Capital Management, MRP&A, and Investor Relations, to achieve the objectives of Treasury and the firm
Support the execution of balance sheet optimization solutions which will support senior management decision making of the firm's balance sheet strategy and ensure connectivity with FTP, deposits liquidity value, capital, and other costs
Apply business acumen across Wealth Management / Asset Servicing / Competitive Intelligence/ Markets to capture idiosyncratic business dynamics leveraging product and client-level information
Produce high quality materials to concisely communicate insights and balance sheet strategic recommendations to NT's senior management and Business Treasury teams
Help syndicate key messages with senior Business leaders to garner key stakeholder engagement and ensure alignment of broader organization with overall balance sheet strategy execution
Develop and implement strategies to expand the bank’s deposit base through initiatives such as product management, data-driven analysis, and pricing optimization
Partner with cross-functional teams, evaluate market and product performance, design competitive pricing strategies, and identify growth opportunities