Director – Balance Sheet Optimization

🕒 May 19

🏢🏡 Chicago – Hybrid

💵 $164.6k - $288k / year

⏰ Full Time

🔴 Lead

👔 Director

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Northern Trust

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1889

💸 Finance

🏦 Banking

🏢 Enterprise

Finance • Banking • Enterprise

Northern Trust is a trusted financial advisor known for its commitment to service, expertise, and integrity. The company provides financial services to a diverse range of clients including family offices, financial advisors, corporations, and nonprofits. With a focus on integrated trading solutions and insights into economic challenges, Northern Trust offers a comprehensive range of services tailored to the needs of various financial entities. It also emphasizes research and client engagement to help shape economies and optimize fund operations. Founded in 1889, Northern Trust continues to build on its reputation as a leader in the finance industry.

📋 Description

• 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.

🎯 Requirements

• 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. • 15+ 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.

🏖️ Benefits

• 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 • other voluntary and well-being benefits • discretionary bonus program that may include an equity component