Specialist - Asset Liability Management

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.

Join Northern Trust's Global Asset Liability Management team and help shape the firm's balance sheet strategy, interest rate risk framework, pricing decisions and financial resilience. This highly visible role combines quantitative modeling with strategic judgment. You will translate complex analytics into clear recommendations for senior leaders, oversight committees, business partners and regulators.

You will serve as a technical leader within Asset Liability Management, Modeling & Analytics, with meaningful exposure across Treasury, Risk Management and the businesses. The opportunity is ideal for an experienced ALM professional who enjoys building robust models, challenging assumptions and influencing decisions that affect funding, deposits, assets, capital and profitability.

• Lead ALM modeling and assumptions. Develop, enhance and govern models and behavioral assumptions for non-maturity deposits, including pricing betas, decay, average lives and core balances, as well as asset prepayment behavior.

• Thought Leadership in hedging and balance sheet strategy. Partner with Treasury leadership to assess asset and liability positioning, product and deposit pricing, funding choices, investment decisions, capital usage and balance sheet optimization.

• Advance interest rate risk analytics. Strengthen NII, MVE/EVE, DV01 and AOCI measurement through scenario design, limit calibration, sensitivity analysis, assumption testing and management reporting.

• Drive funds transfer pricing. Contribute to FTP methodology, modeling assumptions and implementation to improve transparency into product profitability and support sound pricing decisions.

• Deliver decision-ready insights. Conduct targeted analysis for senior management and executive committees, clearly connecting market movements and business activity to earnings, economic value, capital and liquidity outcomes.

• Influence across the organization. Collaborate with business units, Finance, Risk Management, Model Risk, Technology and data partners to translate strategic priorities into scalable analytical solutions.

• Strengthen governance. Prepare clear, concise materials for management committees, internal oversight groups, auditors and regulators, and support disciplined model documentation and challenge resolution.

• Provide technical leadership. Help set team priorities, coach colleagues, establish analytical standards and promote continuous improvement across the ALM platform.

• 7+ years of relevant experience in asset and liability management, funds transfer Pricing, balance sheet strategy, Treasury, financial modeling, banking, consulting, risk management or a regulatory environment. Candidates with broader or deeper experience are encouraged to apply.

• A strong understanding of bank balance sheets and income statements, including the risk and earnings characteristics of deposits, loans, securities, funding and other asset and liability categories.

• Hands-on experience with interest rate risk management and ALM modeling, including NII and economic value analysis, behavioral assumptions, scenario analysis and model sensitivity testing.

• Experience with QRM or a comparable ALM platform; working knowledge of SAS, SQL or other analytical and financial modeling tools is highly valued.

• Strong knowledge of funds transfer pricing
  , deposit pricing and balance sheet strategy.

• Knowledge of regulatory expectations and leading practices related to IRRBB, liquidity risk, model governance and Treasury risk management.

• Exceptional analytical judgment
  , intellectual curiosity and the ability to identify the key business implication within complex data.

• Executive-ready communication skills , with the ability to constructively challenge, influence…