Head of Bank Portfolio Management

Northern Trust
Chicago
Workplace: OnsiteFull timeUSD 205,700 - 300,000 annuallyFunction: Administration & Executive AssistanceExperience: 15+ yearsSkills: ["Leadership","Strategic thinking","Risk management","Analytical rigor","Governance communication"]

Lead the strategy, construction, and management of the firm’s Treasury bank investment portfolio and structural interest-rate hedging program. Optimize net interest income (NII), liquidity, capital efficiency, and risk-adjusted returns within approved risk appetite and regulatory requirements. Partner with ALM, Liquidity Management, Capital Management, Finance, Risk, Markets, and executive stakeholders to translate balance-sheet and macro views into integrated investment and hedging actions, supported by analytics, stress testing, and strong governance.

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Northern Trust
Northern Trust
3 days ago

Head of Bank Portfolio Management

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Job Summary

Lead the strategy, construction, and management of the firm’s Treasury bank investment portfolio and structural interest-rate hedging program. Optimize net interest income (NII), liquidity, capital efficiency, and risk-adjusted returns within approved risk appetite and regulatory requirements. Partner with ALM, Liquidity Management, Capital Management, Finance, Risk, Markets, and executive stakeholders to translate balance-sheet and macro views into integrated investment and hedging actions, supported by analytics, stress testing, and strong governance.
Location: Chicago
Workplace: Onsite
Employment Type: Full time
Job Function: Administration & Executive Assistance
Seniority: Sr. Director level

Key Responsibilities

  • •Lead strategy, construction, and management of the firm’s Treasury investment portfolio to optimize yield, liquidity, duration, capital efficiency, and risk-adjusted returns.
  • •Own the design and execution of Treasury’s structural interest-rate hedging program, managing duration, repricing risk, NII volatility, economic value sensitivity, and accounting outcomes.
  • •Partner with ALM to support sustainable NII and margin performance while optimizing interest-rate risk across NII sensitivity, EVE, DV01/PV01, key-rate exposures, and stress scenarios.
  • •Ensure investment and hedge strategies support liquidity resilience, HQLA, LCR/NSFR, monetization capacity, capital efficiency, RWA, AOCI/OCI, hedge accounting, and regulatory expectations.
  • •Build and lead a global Treasury investment and hedging organization, establishing analytics, performance attribution, scenario management, and disciplined governance communication.

Pay and Benefits

Salary: USD 205,700 - 300,000 annually
Equity and Bonus:Equity
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveLife InsuranceDisabilitySpending Accounts

Key Requirements

  • •15+ years of progressively senior experience in Treasury, bank portfolio management, asset-liability management, fixed income, interest-rate risk, and balance-sheet management (or related).
  • •Significant experience managing a substantial bank investment portfolio and/or a structural interest-rate hedging program.
  • •Deep understanding of fixed-income markets and interest-rate derivatives.
  • •Strong knowledge of bank balance sheets, deposit behavior, liquidity, funding, capital, and NII dynamics.
  • •Demonstrated leadership presenting investment and balance-sheet strategies to senior executive governance forums and operating within regulatory and risk-management frameworks.
Experience:15+ yearsBankingTreasuryAsset-liability managementFixed incomeInterest-rate riskInvestment portfolio managementInterest-rate derivatives
Skills:LeadershipStrategic thinkingRisk managementAnalytical rigorGovernance communication

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
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