Northern Trust
Senior Auditor, Model Risk
Northern Trust, Chicago, Illinois, United States, 60290
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.
Role/ Department:
Sr Auditor, Model Risk/Audit Services Audit Services is offering an exceptional opportunity for you to showcase and expand your knowledge in econometrics, statistics, mathematics, coding (e.g., Python, R, SAS), and model development and join a global team of experts, whose common goal is to provide independent and objective assurance and consulting activities that assess risks and protect the assets, reputation, and sustainability of Northern Trust. We are seeking an eager partner to help enhance and grow our audit model coverage and assist in assessing the design, inclusive of conceptual soundness and fit-for-purpose, and execution of quantitative models and qualitative estimations used throughout Northern Trust, including those models developed for internal stress testing (e.g., Capital Adequacy Assessment Process (CCAR)), credit risk management, capital markets, and asset and liability management (e.g., interest rate risk management, liquidity risk management). Success is measured through the quality of the documentation, integrity of the assessment, timeliness of the deliveries, and your ability to foster relationships both internally in the audit department and with key stakeholders. The key responsibilities of the role include: • Assist in the end-to-end execution of audit engagements and gain exposure to senior management across Northern Trust. • Assist in assessing the design and execution of quantitative models and qualitative estimations. • Data manipulation, transformation, and reconciliation. Skills/Qualifications: • Experience in model development, model validation, and/or ongoing monitoring of economic, investment, and/or financial models. • Skilled in accessing the validity of key model development coding languages, including Python, R, and/or SAS. • Strong understanding of statistical modelling techniques, including linear regression, logistic regression, and time-series analysis. • Foundational understanding of credit risk, liquidity risk, interest rate risk, portfolio theory, and/or market risk. • An ability to work in a fast-paced environment as part of a global audit team across multiple time zones and jurisdictions. The successful candidate will benefit from having: • Basic knowledge of machine learning (ML) and artificial intelligence (AI) techniques. • Advanced degree in economics, quantitative finance, mathematics, statistics, or computer science. • Knowledge of auditing techniques and approaches in the financial services industry. Working Model:
Hybrid (#LI-Hybrid) We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home. 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.
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Sr Auditor, Model Risk/Audit Services Audit Services is offering an exceptional opportunity for you to showcase and expand your knowledge in econometrics, statistics, mathematics, coding (e.g., Python, R, SAS), and model development and join a global team of experts, whose common goal is to provide independent and objective assurance and consulting activities that assess risks and protect the assets, reputation, and sustainability of Northern Trust. We are seeking an eager partner to help enhance and grow our audit model coverage and assist in assessing the design, inclusive of conceptual soundness and fit-for-purpose, and execution of quantitative models and qualitative estimations used throughout Northern Trust, including those models developed for internal stress testing (e.g., Capital Adequacy Assessment Process (CCAR)), credit risk management, capital markets, and asset and liability management (e.g., interest rate risk management, liquidity risk management). Success is measured through the quality of the documentation, integrity of the assessment, timeliness of the deliveries, and your ability to foster relationships both internally in the audit department and with key stakeholders. The key responsibilities of the role include: • Assist in the end-to-end execution of audit engagements and gain exposure to senior management across Northern Trust. • Assist in assessing the design and execution of quantitative models and qualitative estimations. • Data manipulation, transformation, and reconciliation. Skills/Qualifications: • Experience in model development, model validation, and/or ongoing monitoring of economic, investment, and/or financial models. • Skilled in accessing the validity of key model development coding languages, including Python, R, and/or SAS. • Strong understanding of statistical modelling techniques, including linear regression, logistic regression, and time-series analysis. • Foundational understanding of credit risk, liquidity risk, interest rate risk, portfolio theory, and/or market risk. • An ability to work in a fast-paced environment as part of a global audit team across multiple time zones and jurisdictions. The successful candidate will benefit from having: • Basic knowledge of machine learning (ML) and artificial intelligence (AI) techniques. • Advanced degree in economics, quantitative finance, mathematics, statistics, or computer science. • Knowledge of auditing techniques and approaches in the financial services industry. Working Model:
Hybrid (#LI-Hybrid) We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home. 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.
#J-18808-Ljbffr