Specialist, Investment Risk

About the role

Northern Trust, a Fortune 500 company founded in 1889, is a global financial institution known for its excellence in serving sophisticated clients through innovative financial services and integrity. We are currently seeking an Investment Risk Specialist in Equity and Derivatives to lead our independent risk management initiatives and support our investment strategies.

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.
• 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 and export the best practices to other investment products.
• Develop periodic goals, organize the work, set short-term priorities, monitor all activities, and ensure timely and accurate completion of work.

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.

Qualifications

• Strong analytical and problem-solving skills.
• Experience with risk management software and tools.
• Knowledge of regulatory frameworks and compliance requirements.
• Ability to work independently and as part of a team.

Skills

• Advanced knowledge of equity markets and derivatives.
• Proficiency in quantitative risk analysis and modeling.
• Strong leadership and project management skills.
• Effective communication and stakeholder engagement abilities.

Benefits

Northern Trust offers a comprehensive benefits package including:

• Retirement benefits (401(k) and pension)
• Health and welfare benefits (medical, dental, vision, spending accounts, and disability)
• Paid time off, parental and caregiver leave
• Life & accident insurance
• Other voluntary and well-being benefits
• A discretionary bonus program that may include an equity component

Pay

Salary Range: $137,400 - 233,600 USD

Schedule

Full-time position

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.

Equal Opportunity Employer

We are committed to providing equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity, or any other characteristic protected by law.