Northern Trust Corporation is seeking a Bank Portfolio Manager specializing in interest rate derivatives and hedging strategies to manage interest rate risk within its investment portfolio. The ideal candidate will possess significant investment experience and knowledge of hedge accounting rules and derivatives, contributing to the bank's financial stability and performance
Job Summary
The Portfolio Manager is responsible for managing interest rate risk in the bank's investment portfolio and executing derivatives transactions to achieve targeted risk profiles.
The role requires developing and implementing hedging strategies consistent with U.S. GAAP hedge accounting guidance while optimizing portfolio performance.
Northern Trust offers a comprehensive benefits package including retirement benefits, health insurance, and a discretionary bonus program with an equity component.
Matching Summary
Match Score: 85
Northern Trust Corporation is seeking a Bank Portfolio Manager specializing in interest rate derivatives and hedging strategies to manage interest rate risk within its investment portfolio. The ideal candidate will possess significant investment experience and knowledge of hedge accounting rules and derivatives, contributing to the bank's financial stability and performance.
Salary
Base: $99,600 - $169,200 USD; Bonus/Equity: Discretionary bonus program may include equity; Benefits: Comprehensive package including 401k, pension, medical, dental, vision, and paid time off
Skills & Requirements
Must-have
Interest rate risk management
Hedge accounting U.S. GAAP compliance
Derivatives transaction execution
Valuation model ownership
Effectiveness testing procedures
Treasury and sovereign investments
Nice-to-have
Strong analytical and critical thinking skills
Experience with Summit QRM Bloomberg systems
Ability to lead task forces and cross-functional teams
Excellent written and verbal communication
Awareness of current banking regulations
Key Requirements
7-10 years of investment experience
College or university degree preferred
Knowledge of hedge accounting rules and derivatives products