Senior Consultant - Liquidity Risk - Pune/Bangalore

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Summary

• We are seeking a senior Liquidity Risk professional to join its Corporate Liquidity Risk Management team in Bangalore/Pune.

• This is a second line of defense role, responsible for independent oversight, challenge, and monitoring of the firm’s liquidity risk profile, regulatory compliance, and risk governance framework.

• This is an individual contributor role with senior stakeholder management. The role offers high visibility, frequent interaction with Treasury (1LoD), senior risk leadership, and global stakeholders, and exposure to key regulatory liquidity metrics and governance forums.

Roles and Responsibilities

• Own the development and maintenance of the Liquidity Risk Policy, Standards and associated governance documentation, ensuring full compliance based on Northern’s governance framework

• Present and contribute to key governance committee Market and Liquidity Risk Committee, Data and Governance committee

• Support enhancement of liquidity risk measurement methodologies and models underpinning key liquidity metrics, deposit, stress testing, risk appetite measures etc. Ensure models/methodologies remain robust, data-driven and aligned to evolving regulatory standards and internal risk appetite, while providing analytical support to validate and refine assumptions/methodologies.

• Support ongoing challenge and change management of Liquidity risk models

• Assessing compliance with regulatory requirements and common industry practices applicable to liquidity management

• Engage with audit and associated remediation efforts in collaborating with multiple teams.

• Working closely with more junior members that will assist with independent analysis

• Recommending and advising on areas of enhancements, and informing risk oversight committees of mitigation steps

• Manage risk by recommending and advising on key risks, associated controls and framework for monitoring and containing the risk.

Knowledge / Experience Required:

• 9+ years of experience in one or more of the following areas of financial services is desired: treasury, risk management, compliance or regulatory oversight, consulting, or financial reporting with working experience on liquidity risk management.

• Strong written and verbal communication skills with demonstrated success challenging the status quo, influencing outcomes, and consensus building. Experience presenting key risks to senior management.

• Strong analytical and quantitative skills, critical thinking, investigative problem-solving and demonstrated resilience to take unpopular viewpoints as warranted

• Understanding of liquidity regulations and applying these expectations to practice (e.g. Enhanced Prudential Standards, LCR, NSFR, 2052a, SR 10-6, SR 12-7 and others)

• Strong knowledge of financial services is expected, including understanding of balance sheets and custody business and implications to potential liquidity exposures is a plus

• Familiarity with treasury instruments, funding and investment activities, and cash and settlement practices are a plus

• Experience with analytics within Excel, Python, Power BI, PowerApps, AI or other tools is a plus

• Industry Certification (CFA/FRM) is preferred

Shift coverage: EMEA - 1:30PM to 10:30PM IST

Internal Eligibility Criteria:

• 24 months as Consultant for vertical movement to Senior Consultant

• 12 months as Senior Consultant for lateral movement.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.