Senior Investment Risk Consultant recruitment

Northern Trust began offering performance measurement and analytical services in 1977, and we were the first custodian bank to offer a comprehensive performance product capable of integrating US and non-US assets. Today, we provide services worldwide to more than 550 institutional clients (12,000 portfolios) and 1,800 investment managers, accounting for more than US$1 Trillion in assets. Within the EMEA region, we provide performance, risk and compliance monitoring services to over 150 clients covering Plan Sponsors, Charitable and Government Organisations, Wealth clients and Investment Managers. Currently the department has approximately 60 partners.

This position is to act as a risk consultant covering sophisticated asset owners and asset manager clients, including derivative heavy hedge fund investors, taking daily investment risk services. The consultant will support the daily online risk reporting process and prepare monthly ex ante risk reports including VaR, stress tests and risk decomposition reports that are UCITS III/ IV compliant.

The role will also entail a project element, working closely with product developers and systems partners to help improve the risk product offering. Specifically, the risk consultant will assist in the implementation of a series of market / credit and liquidity risk initiatives and interface with the client and Northern Trust partners in Chicago and Bangalore to improve the risk system process.

The risk consultant may also be required to assist with monthly/ quarterly ex ante risk reporting for asset owner clients (Plan Sponsors, Charitable and Government Organisations, Wealth clients).

Knowledge/Skills

•  Strong Analytical skills highly numerate.
•  Scientific / Numerical degree.
•  Must have previous Investment risk experience.
•  Good oral and written communications skills.
•  Ability to set priorities and manage deadlines.
•  Flexible approach / Good team player.
•  Strong time management skills.
•  Works well under pressure, self motivated and pro-active problem solver
•  Good knowledge of financial markets, investment instruments and portfolio management. Exchange traded / OTC derivatives experience sought.
•  Must have comprehensive experience of ex-ante risk tools, Barra One experience preferred.
•  Experience of Matlab Business Objects preferred.

Major Duties

•  To support the provision of market risk analytics via an online portal for asset manager and sophisticated asset owner clients.
•  Act as a point of contact for Hedge Fund clients and deal with IRAS team (business and product), general product development group, relevant operational and client service areas and any other relevant parties to ensure the risk deliverables are met.
•  Prepare monthly UCITS III compliant Ex Ante VaR Risk reports for clients
•  Contribute to project streams enhancing market, credit and liquidity risk reporting and work with Product / Systems to improve risk processes.
•  Prepare risk documentation to support partner and client education.
•  Escalate any issues related to potential late communication, client issues, production problems etc and take responsibility for fault resolution.
•  Track all action/issues related to the Risk system and work with the relevant partners in Chicago / Bangalore to resolve issues and escalate as needed.
•  Support the sales/ marketing effort to attract new clients to the risk reporting platform.