Asset Liability Management Specialist

Northern Trust

. Lead ALM modeling and govern behavioral assumptions for non-maturity deposits and asset prepayment behavior .

Posted 10/14/2026full-timeChicago • Illinois • United StatesSeniorLead💰 $137,400 - $233,600 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in Asset and Liability Management (ALM) modeling, funds transfer pricing, and balance sheet strategy, with a strong focus on interest rate risk management and regulatory compliance. Possesses exceptional analytical judgment and executive-ready communication skills to influence stakeholders and present complex financial topics effectively.

Highest-signal resume keywords

Asset And Liability Management (ALM) ModelingFunds Transfer PricingInterest Rate Risk ManagementFinancial ModelingRegulatory Compliance

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Financial ModelingALM ModelingScenario AnalysisSensitivity TestingBehavioral AssumptionsBalance Sheet StrategyDeposit PricingInterest Rate Risk ManagementNII AnalysisEconomic Value Analysis

Soft Skills

Analytical JudgmentIntellectual CuriosityExecutive-Ready CommunicationStakeholder InfluenceConstructive Challenge

Tools & Technologies

QRMSASSQLAnalytical ToolsFinancial Modeling Tools

Industry Keywords

TreasuryRisk ManagementLiquidity RiskModel GovernanceIRRBBBankingConsultingRegulatory EnvironmentCapital OptimizationManagement Reporting

Tech Stack

Tools & technologies

SQL

About the role

Key responsibilities & impact

Lead ALM modeling and govern behavioral assumptions for non-maturity deposits and asset prepayment behavior
Partner with Treasury leadership on hedging, balance sheet strategy, product and deposit pricing, funding, investments, capital usage and optimization
Strengthen NII, MVE/EVE, DV01 and AOCI measurement through scenario design, limit calibration, sensitivity analysis, assumption testing and management reporting
Contribute to funds transfer pricing methodology, modeling assumptions and implementation
Conduct targeted analysis for senior management and executive committees
Connect market movements and business activity to earnings, economic value, capital and liquidity outcomes
Collaborate with business units, Finance, Risk Management, Model Risk, Technology and data partners
Prepare materials for management committees, internal oversight groups, auditors and regulators
Support model documentation and challenge resolution
Help set team priorities, coach colleagues, establish analytical standards and promote continuous improvement across the ALM platform

Requirements

What you’ll need

7+ years of relevant experience in asset and liability management, funds transfer pricing, balance sheet strategy, Treasury, financial modeling, banking, consulting, risk management or a regulatory environment
Strong understanding of bank balance sheets and income statements, including deposits, loans, securities, funding and other asset and liability categories
Hands-on experience with interest rate risk management and ALM modeling, including NII and economic value analysis, behavioral assumptions, scenario analysis and model sensitivity testing
Experience with QRM or a comparable ALM platform
Working knowledge of SAS, SQL or other analytical and financial modeling tools
Strong knowledge of funds transfer pricing, deposit pricing and balance sheet strategy
Knowledge of regulatory expectations and leading practices related to IRRBB, liquidity risk, model governance and Treasury risk management
Exceptional analytical judgment and intellectual curiosity
Ability to identify key business implications within complex data
Executive-ready communication skills
Ability to constructively challenge, influence stakeholders and present technical topics clearly to senior audiences
Bachelor’s degree in Finance, Economics, Accounting, Statistics, Mathematics, Engineering or another quantitative field
Applicants must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future

Benefits

Comp & perks

Retirement benefits (401k and pension)
Health and welfare benefits, including medical, dental, vision, spending accounts and disability
Paid time off
Parental and caregiver leave
Life and accident insurance
Other voluntary and well-being benefits
Discretionary bonus program that may include an equity component
Flexible and collaborative work culture
Movement within the organization is encouraged
Accessible senior leaders
Inclusive workplace
Philanthropy and community service opportunities
Reasonable accommodation for individuals with health conditions and disabilities