Senior Balance Sheet Strategist

Northern Trust
Chicago
Workplace: HybridFull timeUSD 164,600 - 288,000Function: Solutions Engineering & Sales EngineeringExperience: 15+ yearsEducation: bachelorsSkills: ["Analytical skills","Financial modeling","Written communication","Verbal communication","Governance discipline"]

Lead the development and execution of strategies to optimize the bank’s balance sheet across deposits, investments, funding, and liquidity within interest rate risk, capital, and regulatory frameworks. Serve as a senior individual contributor partnering with Treasury (ALM, Liquidity, Investment Portfolio, Funding), Capital Management, and business units to drive earnings growth, liquidity optimization, deposit monetization, and capital efficiency through advanced analytics, models, and executive-level insights.

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FursaFursa
Northern Trust
Northern Trust
4 months ago

Senior Balance Sheet Strategist

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Last checked: 12 hours agoStatus: Live

Job Summary

Lead the development and execution of strategies to optimize the bank’s balance sheet across deposits, investments, funding, and liquidity within interest rate risk, capital, and regulatory frameworks. Serve as a senior individual contributor partnering with Treasury (ALM, Liquidity, Investment Portfolio, Funding), Capital Management, and business units to drive earnings growth, liquidity optimization, deposit monetization, and capital efficiency through advanced analytics, models, and executive-level insights.
Location: Chicago
Workplace: Hybrid
Employment Type: Full time
Job Function: Solutions Engineering & Sales Engineering
Seniority: Mid level

Key Responsibilities

  • •Develop and maintain an integrated balance sheet strategy across deposits, investments, funding, and capital aligned with risk appetite, regulatory requirements, and business objectives.
  • •Evaluate trade-offs across earnings, liquidity, interest rate risk, and capital under multiple market environments and stress scenarios.
  • •Analyze ROE, RWA, liquidity consumption, and capital efficiency for balance-sheet-intensive activities.
  • •Partner with business lines to assess deposit flows, pricing, and liquidity value across client segments and products, including deposit monetization strategies.
  • •Produce and present balance sheet and NII analytics for senior management, ALCO, and regulatory forums; support forecast development and sensitivity analysis for interest rate risk metrics.

Pay and Benefits

Salary: USD 164,600 - 288,000
Equity and Bonus:Equity
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveSpending AccountsDisabilityLife Insurance

Key Requirements

  • •Bachelor’s degree in Finance, Economics, Accounting, Statistics, Mathematics, or a related quantitative field; MBA or Master’s 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 roles 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, with advanced financial modeling and strong communication skills.
Experience:15+ yearsBankingFinancial services
Education:Bachelor's in Finance, Economics, Accounting, Statistics, Mathematics
Skills:Analytical skillsFinancial modelingWritten communicationVerbal communicationGovernance discipline
Certifications:CFAFRMPRM
Tech Stack:ExcelPowerPointPower BIALM/QRM platformsData tools

Eligibility

Visa:H-1BL-1TNO-1E-3H-1B1F-1J-1OPTCPT
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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