Head of Bank Portfolio Management
Listed on 2026-10-10
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Finance & Banking
Risk Manager/Analyst
About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure:
Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Lead strategy, construction, and management of the firm’s Treasury investment portfolio, optimizing yield, liquidity, duration, capital efficiency, accounting outcomes, and risk-adjusted returns across approved asset classes and portfolio classifications.
Own the design and execution of Treasury’s structural hedging program, translating balance sheet exposures into hedge strategies that manage duration, repricing risk, NII volatility, economic value sensitivity, and accounting outcomes.
Support sustainable NII and margin performance while partnering with ALM to manage interest-rate risk across NII sensitivity, EVE, DV01/PV01, key-rate exposures, deposit behavior, basis risk, optionality, and stress scenarios.
Ensure investment and hedge strategies support liquidity resilience, HQLA, LCR/NSFR, monetization capacity, capital efficiency, RWA, AOCI/OCI, hedge accounting, and regulatory expectations.
Serve as Treasury’s senior market strategist and execution leader, translating macro, rate, yield-curve, liquidity, and credit-market views into portfolio and hedge actions while ensuring disciplined execution, controls, policies, limits, and senior governance communication.
Establish forward-looking analytics, stress testing, scenario analysis, and performance attribution covering market movements, portfolio positioning, funding changes, hedge effectiveness, liquidity value, capital utilization, NII-at-risk, EVE sensitivity, and risk-adjusted return.
Build and lead a high-performing global Treasury investment and hedging organization with clear accountability, strong talent development, succession planning, cross-functional collaboration, analytical rigor, disciplined risk management, and effective controls.
Subject to delegated authorities, recommend and/or execute decisions across asset allocation, duration, yield-curve and sector positioning, investment timing, securities transactions, hedge size, tenor and instrument selection, reinvestment strategy, liquidity positioning, and risk-limit utilization; escape material strategic changes to the Treasurer and appropriate governance committees.
15+ years of progressively senior experience in Treasury, bank portfolio management, asset-liability management, fixed income, interest-rate risk, balance-sheet management, or related disciplines. Significant experience within a large U.S., global, or systemically important banking institution strongly preferred. Demonstrated experience managing a substantial bank investment portfolio and/or structural interest-rate hedging program. Deep understanding of fixed-income markets and interest-rate derivatives. Significant knowledge of bank balance sheets,…
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