Specialist, Investment Risk

Northern Trust, a Fortune 500 company, is a global financial institution with more than 130 years of experience. We are seeking an experienced Investment Risk Specialist in Equity and Derivatives to lead our independent risk‑management initiatives and support our investment strategies.

• Provide independent oversight of risks associated with equities, derivatives, and quantitative strategies, ensuring alignment with organizational goals and risk appetite.
• Identify, analyze, report, and mitigate potential investment risks within established risk guidelines.
• Understand and enhance risk models for equities and derivatives, utilizing advanced quantitative techniques such as factor‑based risk.
• Document policies, procedures, and standards related to investment‑risk oversight and governance of equities and derivatives.
• Ensure compliance with regulatory requirements and industry standards related to equity and derivative investments, collaborating with legal and compliance teams.
• Effectively communicate risk assessments, mitigation strategies, and performance insights to senior management, committees, board members, and external stakeholders.
• Stay abreast of industry best practices and emerging trends in investment risk management, driving innovation and improvement in risk processes.
• Collaborate closely with portfolio managers, traders, and other investment professionals to integrate risk management into the investment decision‑making process.
• Expand the use of quantitative risk analysis and export best practices to other investment products.
• Develop periodic goals, organize work, set short‑term priorities, monitor all activities, and ensure timely and accurate completion of tasks.

• Bachelor’s degree in Finance, Economics, or a related field; an advanced degree (MBA, CFA) is highly desirable.
• 10+ years of experience in investment risk management, focusing on equities, derivatives, and quantitative risk management.
• Proven track record of leading risk‑management efforts for equity and derivative portfolios in a complex and dynamic market environment.
• Expertise in risk models for equities and derivatives, utilizing quantitative methodologies.
• In‑depth knowledge of equity markets, derivatives, quantitative methods, financial instruments, and the regulatory landscape.
• Excellent communication and presentation skills, with the ability to convey complex concepts to diverse stakeholders.
• Strategic mindset, capable of contributing to and challenging the organization’s overall investment strategy.

Salary range: $137,400 – $233,600 USD (good‑faith estimate of base pay). Benefits include a 401(k) and pension plan, health, dental, vision, spending accounts, disability, paid time off, parental and caregiver leave, life and accident insurance, discretionary bonus program (potential equity component), and other voluntary well‑being benefits.

Northern Trust is committed to providing reasonable accommodations for individuals with disabilities. If you require an accommodation for any part of the employment process, please contact our HR Service Center at