Associate Consultant - Market Trading Risk Analytics

About the role

Northern Trust’s Market Trading Risk Analytics team in Bangalore or Pune seeks an Associate Consultant to develop analytical and reporting tools that support FX trading risk management for the Chicago trading risk function. Day-to-day work includes daily FX trading risk oversight (VaR, position monitoring, limit adherence, stress scenario modeling), quantitative volatility monitoring, regulatory and audit reporting, P&L attribution and regulatory capital/RWA analysis, and collaboration with IT to integrate models and tooling. The role also involves liaising with FX trading desks, Treasury, Audit, Compliance, and Model Validation to resolve control issues and present findings to risk managers and senior management.

What you’ll do

• Perform core daily risk management oversight for FX Trading business including VaR analysis, open position monitoring, adherence to limits, and stress scenario modeling
• Monitor market volatility through quantitative techniques to ensure principal exposure is within the firm’s risk appetite
• Maintain data and provide information for regulatory reports, and internal Audit/Compliance
• Maintain and assist in ongoing development of metrics and analysis of P&L attribution, regulatory capital consumption and return on capital/RWA
• Manage initiatives, audit remediation, and regulatory projects such as the development of NT’s trading risk management on implementation and create analytical reporting
• Assist in establishing processes, documentation, and controls to manage risks associated with FX and derivatives
• Interpret model outputs, communicate findings, and present to stakeholders, including risk managers, capital markets team, and senior management
• Conduct quantitative analysis to assess model performance and outcome for top-of-the-house portfolio and trading desk level

What you’ll bring

• 4+ years of relevant working experience in Market Risk, Trading risk monitoring & compliance, capital calculation, and a foundational understanding of FRTB
• MBA in Finance from a Tier I or II college, or Chartered Accountant with relevant experience
• Knowledge of Capital Markets and financial products such as foreign exchange, fixed income, and derivatives
• Understanding of VaR, default and settlement risk, stress testing, and mark-to-market calculations
• Experience with Excel VBA coding and building prototype risk models and reporting using Python, R, SQL, etc.
• Familiarity with Murex Risk, Bloomberg, and reporting solutions such as Power BI, Cognos, Tableau, etc.
• Excellent problem solving and analytical skills
• Strong written and verbal communication skills, including presentations

Nice to have

Industry Certification (CFA/FRM) is preferred

Skills

Education

MBA in Finance from a Tier I or II college/Chartered Accountant with relevant experience