Counterparty and Country Risk (Underwriting)

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 worlds 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 worlds 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 Trusts 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 marketbased 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 marketbased information along with thorough adhoc 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 adhoc 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

1. 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

• Masters degree and/or CFA designation are required.
• 3 - 6 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 buyside or counterparty risk function is preferred.

Please note that this role would be required to work until at least 10.30pm India time in order to liaise with the Chicago office and participate in team and committee meetings.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.