Financial Institutions & Country Risk Analyst - Counterparty Risk

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.

Role/Team:

The Financial institutions and Country Risk Team, which is part of Northern Trust Group Risk Management, is responsible for providing independent oversight of all business activities at Northern Trust which create wholesale counterparty credit risk, client credit exposure arising from asset servicing, third party FX, and country risk. The team ensures that the management of counterparty and international risk advances Northern Trust’s business strategy within the corporation's risk appetite, aligns with market best practices, and meets or exceeds regulatory requirements and guidance.

Summary

Under general supervision (but works independently most of the time) oversee a portfolio of counterparties (hedge funds / banks) and countries. Performs financial, economic and market‐based analysis, prepares and presents reviews of assigned counterparties, countries and portfolios to credit committees and wider business partners with the goal of providing insightful credit opinions and recommendations. Responsible for ensuring that all entities are reviewed and monitored through the year using fundamental analysis techniques including traditional CAMELS analysis and market‐based information along with thorough ad‐hoc due diligence, visits and calls.

Analyst role responsible of a multi-billion dollar counterparty (hedge fund, banks and broker/dealers) and country portfolio. Responsibilities include:

• Manage a portfolio of bank counterparties and countries. Hedge Fund analysis will be an added advantage. Perform analysis of entities annually or on an ad‐hoc basis; assign Probability of Default ratings and appropriately sized credit facilities.

• Monitor trends and be able to serve as the subject matter expert and trusted advisor on assigned countries to partners.

• Manage relationships with local business units, inform of credit issues, and provide guidance for the development of strategies.

• Contribute to the development of risk monitoring products, processes and models related to counterparties and countries.

• Present to Senior Risk committees on a regular basis.

• Coordinate, participate or lead visits and calls with external counterparties or clients.

Major Duties

Manage relationships with US businesses - make decisions on business unit credit proposals and provide credit solutions.

2. Serve as subject expert and trusted advisor across the company.

3. Monitor counterparties for changes in risk and update management on key issues that impact credit quality.

4. Tracking NAV triggers and ensuring breaches are escalated and/or acted upon.

5. Present and participate in risk committees.

6. Manage relationships with counterparties, vendors and clients.

7. Perform analysis of higher-risk counterparties and countries annually or on ad-hoc basis.

8. Ensure portfolio is reviewed in a timely manner and quality of analyses is high.

9. Work with modelling teams to develop/enhance risk tools and models.

Knowledge/Skills

• Excellent communication, verbal, leadership and strategic skills

• Extensive knowledge of Bank and Broker dealer analysis

• Working knowledge of Country risk for emerging markets.

• Highly flexible and adaptable to change; ability to multi-task on several assignments at once

• Advanced analytical, writing skills and some quantitative skills

• Strong relationship and presentation skills

• Ability to develop relationships at all levels of the organization and crisis management/multi-tasking skills

Experience

• Graduation degree is required. CFA/FRM certifications are preferred.

• 6-8 years of credit experience with banks, broker/dealers.

• Countries and Hedge funds will be an added advantage.

• Experience in counterparty and/or country analysis, in a buy‐side or counterparty risk function is preferred.

Shift Timing: 1:30PM to 10:30PM IST

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.