Specialist - Balance Sheet and Deposit 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 and over 22,000 partners. We provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions while remaining true to our enduring principles of service, expertise, and integrity.

Core duties

• Develop and implement strategies to expand the bank’s deposit base through initiatives such as product management, data-driven analysis, pricing optimization, and support ALM in helping develop and execute ALM strategies that align with risk appetite and business objectives.
• Propose, negotiate, and regularly advise on the Funds Transfer Pricing methodology and policy for the Bank.
• Partner with cross-functional teams to evaluate market and product performance, design competitive pricing strategies, and identify growth opportunities.
• Support the ALM and Funds Transfer Functions.

Qualifications

• 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, including portfolio optimization and hedging strategies for large non-maturity deposit portfolios.
• Knowledge on global regulatory requirements and expectations governing liquidity risk, interest rate risk, and modeling practices.
• Familiarity with Asset Liability Management, Interest Rate Risk Management, Liquidity Risk Management, and Funds Transfer Pricing.
• Exceptional communication skills, both written and verbal, with a proven ability to develop presentations and influence senior leadership on strategic balance sheet decisions.
• Innovative mindset with demonstrated ability to work in undefined spaces and create actionable, creative analyses that drive company strategy.
• Bachelor’s degree required; MBA or Master’s degree preferred.

Preferred

• Professional certifications such as CFA, FRM, or PRM are preferred.
• Experience managing risks associated with a wealth management or custody bank balance sheet business model.
• Knowledge of Wealth Management and/or Asset Servicing/Custody Bank business models.
• Financial modeling and analysis experience using platforms such as BlackRock-Aladdin, Murex, Bloomberg, QRM, or similar systems.

Pay

$137,400 - 233,600 USD

Schedule

Hybrid