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Sr. Consultant
Northern Trust Operating Services
posted 18hr ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Assist in the design, development, and implementation of model governance processes to ensure all models across Northern Trust are managed in accordance with the Corporate Model Risk Management (MRM) Policy and applicable regulatory requirements across different jurisdictions such as SR 11-7 (FRB).
- Be aware of the new trends in analytics such as generative Artificial Intelligence and propose appropriate enhancements to the program so that model risk emanating from these advancements can be adequately managed.
- Conduct training sessions to raise awareness about the model risk management program and related expectations across the enterprise.
- Participate in various gate keeping forums to identify potential new models being onboarded in the firm.
- Lead the onboarding of new model owners and ensure that the models are properly registered in the model inventory.
- Ensure that model inventory is complete and meta data regarding models is accurately captured in the model inventory management system.
- Support design, development, and enhancement of the model risk tiering process and ensure that models are consistently tiered across different business units and model types.
- Support Board and senior management reporting by working with other partners in the team and designing, developing, implementing, and enhancing KPIs (Key Performance Indicators) and KRIs (Key Risk Indicators) of model risk.
- Assist in preparation and enhancement of material for Model Risk Oversight Committee (MROC) every month.
- Research industry best practices around model risk management and identify areas where current program can be enhanced.
- Day to day activities will include advising model owners and model validators on the MRM policy/procedures expectations, coordinating with model owners on timely delivery of model documentation to the model validation team to ensure validation reviews can be conducted timely, and closely working with other partners in the team to ensure smooth execution of various processes.
Employment Type: Full Time, Permanent
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What people at Northern Trust Operating Services are saying
Rating based on 37 Consultant
reviews
Anonymous · Consulting
in Bangalore / Bengaluru
Likes
Nature of work
- Job security - Good
Dislikes
Micromanagement and no advocacy for subordinates from senior manager. Toxicity is at another level. No work from home for women with kids no support or flexibility. Too far to travel
- Salary - Poor
+5 more
Consultant salary at Northern Trust Operating Services
reported by
254
employees
with 7-13
years exp.
₹9
L/yr - ₹34.5
L/yr
42%
more
than the average Consultant Salary in India
View more details
What Northern Trust Operating Services employees are saying about work life
based on 1k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Northern Trust Operating Services Benefits
Submitted by Company
The Sustainability Network Health and Wellness Flexibility Technology and Data Mentorship
Submitted by Employees
View more benefits 
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