Northern Trust - Chicago, IL
posted 3 months ago
The Senior Structured Product Analyst at Northern Trust plays a critical role in evaluating credit risk associated with the Bank's investment portfolio and derivatives activities. This position requires a comprehensive approach to gathering, organizing, analyzing, and presenting financial data to support informed decision-making. The analyst will act as the primary liaison between the Credit Policy and Treasury groups, ensuring that all credit-related products are thoroughly assessed and that any necessary changes to credit stress analysis are recommended. In this role, the analyst will perform complex financial and credit analysis using publicly available information, integrating conclusions with outside opinions and rating agency data. They will be responsible for recommending the suitability of securities for the Bank's investment portfolio, in conjunction with the Credit Policy and Asset-Liability Committee (ALCO). Monitoring and reporting on investment portfolio and derivative exposures against established limits is a key responsibility, as is the immediate notification of Treasury and Credit Policy regarding any investments that require review for sale. The Senior Structured Product Analyst will also conduct pre-purchase credit analysis on all credit-related products, recommend changes to investment and derivative limits, and ensure timely reviews and documentation of issuers and industry sectors. They will update counterparty limits and ratings, generate unsettled trade exception reports, and perform monthly Other-Than-Temporary Impairment (OTTI) screenings of the portfolio. Additionally, the analyst will manage the annual ratings process for all securities in the Treasury investment portfolio to fulfill Advanced Internal Ratings-Based (AIRB) requirements, and prepare and present regular reporting for Credit Policy, ALCO, and Counterparty Risk committees. This position requires a high level of analytical and presentation skills, as well as the ability to operate independently and provide comprehensive consulting and leadership to team members and partners.