Analyst, Model Development/Monitoring/Implementation

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:
Analyst, Risk Analytics, is a key member of the Non-financial Risk Quantification team, responsible for the development and maintenance of high quality risk models. The analyst will ideate, develop and test quantitative modeling and measuring techniques, and support other aspects of analytics including automation, data engineering and present ideas and result to senior leadership. The role will cover several aspects of model lifecycle including development, monitoring, recalibration, and implementation of risk models in R, Python, and similar scripting applications. 

Job Title: Analyst, Non-Financial Risk Quantification
Location: Bangalore
Experience: 0 - 2 years

Major Duties
• Research and evaluate quantitative approaches for model development; coding, testing and validation. 
• Assist team members in the statistical model development, monitoring, implementation and model validation for CCAR and Basel models
• Execution of Operational Risk Capital Models (Advanced Measurement Approach, CCAR Stress Testing, Pillar 2 models etc.), and resolution of issues as and when required. Support the cooperation with model users by preparing sensitivity analyses and conducting investigations that help further their understanding.
• Pitch, develop, and test new ideas and compare the model performance against the legacy statistical models 
• Liaise with Northern Trust’s Treasury team, Economic Research, Data Analytics, Audit and various other Business Units in order to understand the use case and solicit feedback 
• Examples of some of the commonly used techniques used by our team include OLS and Logistic Regression, Time Series Regression, Monte Carlo Simulation, Copulas etc. 

Qualification: Bachelors/Masters

Skills Required: Statistics, R Programming, Python, Power BI, Latex etc.

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 MyHRHelp@ntrs.com.

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.