Senior Balance Sheet Strategist

About the role

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution with over 130 years of financial experience. The Senior Balance Sheet Strategist plays a critical role in optimizing the bank's balance sheet across deposits, investments, funding, and liquidity.

Responsibilities

• Evaluate trade-offs between earnings, liquidity, interest rate risk, and capital under multiple market environments and stress scenarios.
• Support balance sheet growth and optimization initiatives through data-driven analysis and actionable strategic recommendations.
• Analyze ROE, RWA, liquidity consumption, and capital efficiency for balance sheet-intensive activities.
• Partner with business lines to evaluate deposit flows, pricing, and liquidity value across client segments and products.
• Assess liquidity buffers and contingent funding considerations and incorporate impacts into financial outlooks and strategic plans.
• Support in the development of NII forecasts and sensitivity analysis, and assess impacts to interest rate risk metrics (e.g., NII shock, MVE).
• Evaluate hedging and investment strategies to manage interest rate risk while supporting earnings objectives.
• Ensure consistency across forecast assumptions, deposit betas, investment strategies, and approved balance sheet initiatives.
• Produce and present balance sheet and NII analytics for senior management, ALCO, and regulatory forums.
• Ensure transparency, documentation, and governance alignment in all strategic recommendations.
• Partner with Investment Portfolio, Liquidity, Capital Management, Technology, and Finance to improve balance sheet analytics, processes, and systems.
• Contribute to the ongoing enhancement of balance sheet models, data infrastructure, and reporting automation initiatives.
• Provide thought leadership on market trends, yield curve dynamics, and competitive positioning.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, Statistics, Mathematics, or a related quantitative field; MBA or Master’s degree preferred.
• Professional certifications such as CFA, FRM, or PRM are preferred.
• 15+ years of experience in Treasury, ALM, Liquidity Risk, Balance Sheet Management, or related functions within a bank or financial institution.
• Strong understanding of bank balance sheets, including deposits, securities portfolios, hedging strategies, wholesale funding, and liquidity frameworks.
• Experience supporting ALCO, senior management, and/or regulatory forums.
• Deep knowledge of balance sheet strategy, NII drivers, liquidity metrics, and interest rate risk.
• Strong analytical and financial modeling skills with the ability to translate complex analysis into executive-level insights.
• Excellent written and verbal communication skills, including the ability to lead the development of senior management level presentations.
• Ability to operate effectively in a highly regulated environment with strong governance discipline.
• Advanced Excel and PowerPoint skills; experience with Power BI, ALM/QRM platforms and data tools strongly preferred.

Working Model

We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Schedule

Hybrid (Office and Remote)

Benefits

Comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits.

Pay

$164,600 - 288,000 USD Salary range is a good faith estimate of base pay.

Equal Opportunity Employer

At Northern Trust, we believe diversity drives innovation and excellence. We are committed to creating a workplace where everyone feels valued and respected, regardless of race, ethnicity, gender, sexual orientation, religion, age, disability, or background. We strive to foster an inclusive culture where every employee can bring their authentic self to work and contribute to our success.