Sr. Analyst, Risk

About Northern Trust:Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally

With over 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service

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 that is committed to strengthening the communities we serve! We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021: • Gender Equality Index Member, Bloomberg• Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable companies! Build your career with us and apply today

SummarySupport the implementation and execution of Model Governance program, which includes implementation of MRM standards, policies and procedures, performing ongoing monitoring of Model Validations and managing Model Inventory

Manage key control areas in Model Governance like Past due CAPs, Review Ongoing Monitoring results, Open cap Notifications to the stakeholders, etc

Responsible for the development and maintenance of Model Risk Reporting

Major Duties• Responsible for generation of different reports on Model Inventory, CAPs, MROC Dashboard etc., to the Model Risk management on regular basis.• Review Ongoing Monitoring results and Notify the respective stakeholders for the remediations• Maintenance of the model inventory ensuring the inventory is complete, accurate, and consistent with the intent of the Model Governance Policy. • Manage Model validation documentation, ongoing monitoring processes ensuring satisfactory documentation for the models.• Proactively maintains effective partnerships with the model validation analysts, model owners, business level risk management teams and auditors, to execute sound model risk governance and resolve all issues in a timely manner. • Actively manages Model Open Issues Log and monitors model owner responses, follows up with model owners regarding remediation status, timelines, and other critical data elements associated with timely remediation

Knowledge/Skills• Strong verbal and written communication skills

Knowledge of MS Excel, Macros, VBA, Power BI and XML Programming skills. • Knowledge of model life cycle methodologies preferably in a bank or regulatory environment. • Ability to multi-task and prioritize work appropriately. • Ability to work independently and on a team and follow through assignments to completion. • Ability to meet established deadlines

Education and Experience Required• A Bachelor's degree in IT and 5 to 6 years of Model governance experience at a large financial institution. • Prior experience with SAS MRM would be a plus