Specialist - Balance Sheet Optimization
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 world’s 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 world’s most sophisticated clients using leading technology and exceptional service. The Specialist - Balance Sheet Optimization is responsible for developing and executing strategies to optimize the bank’s balance sheet across deposits, investments, funding, and liquidity while operating within established interest rate risk, capital, and regulatory frameworks. This role partners closely with Treasury functions, including Asset Liability Management (ALM), Liquidity, Investment Portfolio, and Funding desk, as well as Capital Management, and Business Units (Asset Servicing, Wealth Management, and Asset Management) to drive earnings growth, balance sheet resilience, and capital efficiency. The Specialist delivers forward‑looking analytics and strategic insights to the Treasurer, senior management, ALCO, and governance committees, with a focus on Net Interest Income (NII), liquidity optimization, deposit monetization, and interest rate risk management. Key Responsibilities Develop and maintain an integrated balance sheet strategy across deposits, investments, funding, and capital, aligned with the firm’s risk appetite, regulatory requirements, and business objectives. Evaluate trade‑offs between earnings, liquidity, interest rate risk, and capital under multiple market environments and stress scenarios. Support balance sheet growth and optimization initiatives through data‑driven analysis and actionable strategic recommendations. Analyze Return on Equity (ROE), Risk-Weighted Assets (RWA), liquidity consumption, and capital efficiency for balance sheet‑intensive activities. Partner with business lines to evaluate deposit flows, pricing, and liquidity value across client segments and products. Support deposit monetization strategies, including pricing optimization and balance sheet allocation decisions. Assess liquidity buffers and contingent funding considerations and incorporate impacts into financial outlooks and strategic plans. Support in the development of NII forecasts and sensitivity analysis, and assess impacts to interest rate risk metrics (e.g., NII shock, MVE). Evaluate hedging and investment strategies to manage interest rate risk while supporting earnings objectives. Ensure consistency across forecast assumptions, deposit betas, investment strategies, and approved balance sheet initiatives. Produce and present balance sheet and NII analytics for senior management, ALCO, and regulatory forums. Ensure transparency, documentation, and governance alignment in all strategic recommendations. Partner with Investment Portfolio, Liquidity, Capital Management, Technology, and Finance to improve balance sheet analytics, processes, and systems. Contribute to the ongoing enhancement of balance sheet models, data infrastructure, and reporting automation initiatives. Provide thought leadership on market trends, yield curve dynamics, and competitive positioning. Qualifications Bachelor’s degree in Finance, Economics, Accounting, Statistics, Mathematics or a related quantitative field; MBA or Master’s degree preferred. Professional certifications such as CFA, FRM, or PRM are preferred. 10+ years of experience in Treasury, ALM, Liquidity Risk, Balance Sheet Management, or related functions within a bank or financial institution. Strong understanding of bank balance sheets, including deposits, securities portfolios, hedging strategies, wholesale funding, and liquidity frameworks. Experience supporting ALCO, senior management, and/or regulatory forums. Deep knowledge of balance sheet strategy, NII drivers, liquidity metrics, and interest rate risk. Strong analytical and financial modeling skills with the ability to translate complex analysis into executive‑level insights. Excellent written and verbal communication skills, including the ability to lead the development of senior management level presentations. Ability to operate effectively in a highly regulated environment with strong governance discipline. Advanced Excel and PowerPoint skills; experience with Power BI, ALM/QRM platforms and data tools strongly preferred. Working Model: Hybrid (#LI-Hybrid) We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home. Salary Range: $137,400 - 233,600 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. 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. We’d love to learn more about how your interests and experience could be a fit with one of the world’s 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. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies. Terms and Conditions Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information. APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development. USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)
Apply tot his job
Apply To this Job