Vice President- Investment Risk 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

Financial Services, Asset ManagementIndustries

Requirements

Bachelor's degree in Finance, Economics, or a related field; advanced degree (e.g., MBA, CFA) is highly desirable
10+ years of experience in investment risk management, with a focus on equities, derivatives and quantitative risk management
Proven track record of successfully leading risk management efforts for equity and derivative portfolios in a complex and dynamic market environment
Expertise and experience in risk models for equities and derivatives, utilizing quantitative methodologies
In-depth knowledge of equity markets, derivatives, quantitative methods, financial instruments, and regulatory landscape
Excellent communication and presentation skills, with the ability to convey complex concepts to diverse stakeholders
Strategic mindset, with the ability to contribute and challenge the overall investment strategy of the organization

Responsibilities

Provide independent oversight to risks associated with equities, derivatives and quantitative strategies, ensuring alignment with organizational goals and risk appetite
Lead efforts by identifying, analyzing, reporting and mitigating potential investment risks within established risk guidelines
Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques to assess and manage risk exposure (e.g., Factor-based risk)
Document policies, procedures and standards related to the investment risk oversight and governance of equities and derivatives
Ensure compliance with regulatory requirements and industry standards related to equity and derivative investments, collaborating with legal and compliance teams
Effectively communicate risk assessments, mitigation strategies, and performance insights to senior management, committees, board members, and external stakeholders
Stay abreast of industry best practices and emerging trends in investment risk management, driving innovation and improvement in risk processes
Collaborate closely with portfolio managers, traders, and other investment professionals to integrate risk management into the investment decision-making process
Expand the use of quantitative risk analysis throughout AM and export the best practices to other investment products
Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of work

Skills

Key technologies and capabilities for this role

EquitiesDerivativesQuantitative Risk ModelingFactor-based Risk ModelsRisk ManagementRegulatory CompliancePortfolio OversightQuantitative Analysis

Questions & Answers

Common questions about this position

What experience is required for the Vice President - Investment Risk role?

Candidates need 10+ years of experience in investment risk management focused on equities, derivatives, and quantitative risk management, along with a proven track record leading risk efforts for equity and derivative portfolios.

What education is preferred for this position?

A Bachelor's degree in Finance, Economics, or a related field is required, with an advanced degree such as an MBA or CFA highly desirable.

Is the salary range specified for this role?

This information is not specified in the job description.

What is the work arrangement or location for this position?

This information is not specified in the job description.

What skills make a candidate stand out for this VP role?

Expertise in risk models for equities and derivatives using quantitative methodologies, in-depth knowledge of equity markets, derivatives, financial instruments, and regulatory landscape, plus excellent communication skills and a strategic mindset are key.