Specialist - Balance Sheet Optimization

Specialist - Balance Sheet Optimization page is loaded## Specialist - Balance Sheet Optimization remote type:
Hybrid locations:
Chicago, ILtime type:
Full time posted on:
Posted Yesterday job requisition :
R152352
** 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.

The Specialist - Balance Sheet Optimization is responsible for developing and executing strategies to optimize the bank’s balance sheet across deposits, investments, funding, and liquidity while operating within established interest rate risk, capital, and regulatory frameworks.

This role partners closely with Treasury functions, including Asset Liability Management (ALM), Liquidity, Investment Portfolio, and Funding desk, as well as Capital Management, and Business Units (Asset Servicing, Wealth Management, and Asset Management) to drive earnings growth, balance sheet resilience, and capital efficiency.

The Specialist delivers forward‑looking analytics and strategic insights to the Treasurer, senior management, ALCO, and governance committees, with a focus on Net Interest Income (NII), liquidity optimization, deposit monetization, and interest rate risk management.
** Key Responsibilities
*** Develop and maintain an integrated balance sheet strategy across deposits, investments, funding, and capital, aligned with the firm’s risk appetite, regulatory requirements, and business objectives.
* Evaluate trade‑offs between earnings, liquidity, interest rate risk, and capital under multiple market environments and stress scenarios.
* Support balance sheet growth and optimization initiatives through data‑driven analysis and actionable strategic recommendations.
* Analyze Return on Equity (ROE), Risk-Weighted Assets (RWA), liquidity consumption, and capital efficiency for balance sheet‑intensive activities.
* Partner with business lines to evaluate deposit flows, pricing, and liquidity value across client segments and products.
* Support deposit monetization strategies, including pricing optimization and balance sheet allocation decisions.
* Assess liquidity buffers and contingent funding considerations and incorporate impacts into financial outlooks and strategic plans.
* Support in the development of NII forecasts and sensitivity analysis, and assess impacts to interest rate risk metrics (e.g., NII shock, MVE).
* Evaluate hedging and investment strategies to manage interest rate risk while supporting earnings objectives.
* Ensure consistency across forecast assumptions, deposit betas, investment strategies, and approved balance sheet initiatives.
* Produce and present balance sheet and NII analytics for senior management, ALCO, and regulatory forums.
* Ensure transparency, documentation, and governance alignment in all strategic recommendations.
* Partner with Investment Portfolio, Liquidity, Capital Management, Technology, and Finance to improve balance sheet analytics, processes, and systems.
* Contribute to the ongoing enhancement of balance sheet models, data infrastructure, and reporting automation initiatives.
* Provide thought leadership on market trends, yield curve dynamics, and competitive positioning.
** Qualifications
* ** Bachelor’s degree in Finance, Economics, Accounting, Statistics, Mathematics or a related quantitative field; MBA or Master’s degree preferred.
* Professional certifications such as CFA, FRM, or PRM are preferred.
* 10+ years of experience in Treasury, ALM, Liquidity Risk, Balance Sheet Management, or related functions within a bank or financial institution.
* Strong understanding of bank balance sheets, including deposits, securities portfolios, hedging strategies, wholesale funding, and liquidity frameworks.
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