Consultant - Market Trading Risk Analytics (Pune/Bangalore)

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Overview:
The Market Trading Risk Consultant will develop analytical & reporting tools, including monitoring FX trading as needed to support Chicago trading risk management. The position entails managing market and regulatory risk.

Team Structure:
Will report to Head of Corporate Trading Market Risk.

Key Responsibilities
• Perform core daily risk management oversight for FX Trading business including VaR analysis, open position monitoring, adherence to limits, and stress scenario modeling.
• Monitor market volatility through quantitative techniques to ensure principal exposure is within firm’s risk appetite.
• Maintenance of data and providing information for regulatory reports, and internal Audit/ Compliance.
• Maintain and assist in ongoing development of metrices and analysis of P&L attribution, regulatory capital consumption and return on capital / RWA.
• Manage initiatives, audit remediation, and regulatory projects such as the development of NT’s trading risk management on implementation and create analytical reporting.
• Assist in establishing processes, documentation, and controls to manage risks associated with FX and derivatives.
• Interpret model outputs, communicate findings, and present to stakeholders, including risk managers, capitals market team, and senior management.
• Conduct quantitative analysis to assess model performance and outcome for at top of the house
portfolio and trading desk level.
• Collaborate with IT teams to ensure smooth integration of models and analytical tooling in existing systems and infrastructure.
• Prepare ad hoc risk analysis as required by senior business or risk personnel or as required for proposed products or services.
• Act as liaison with business units (FX Trading Desks and Treasury) and internal control functions including Audit, Compliance and Model Validation team and assist in the resolution of any audit or control issues related to FX products.

Knowledge and skills
Knowledge of Capital Markets and financial products such as foreign exchange, fixed income, and derivatives is preferred.
• Understanding of VaR, default and settlement risk, stress testing, and mark to market calculations.
• Familiarity with Murex Risk, Bloomberg, and reporting solutions such as Power BI, Cognos, Tableau etc.
• Experience with Excel VBA coding/building prototype risk models and reporting using Python, R, SQL etc.
• Must be comfortable working in fast paced environment with ability to make and communicate effective risk management decisions.
• Ability to articulate risk management policies and methodologies.
• Experience with the foreign exchange and derivative space.
• Excellent problem solving and analytical skills.
• Strong written and verbal communication skills, including presentations.
• Ability to work independently with limited oversight.

Experience:

• 6+ years of relevant working experience
• MBA in Finance from a Tier I or II college/Chartered Accountant with relevant experience
• Industry Certification (CFA/FRM) is preferred

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.