Associate Consultant, Model Validation (AI / ML)

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Summary

Responsible for performing a variety of moderately complex risk analytics with focus on AI / ML models. Resolves moderately complex issues in advanced data modeling and measuring risk. Provide effective challenge to the models by evaluating model related risks including input data, model assumptions and limitations, conceptual soundness, methodology, outcomes analysis, benchmarking, monitoring, and model implementation. This role requires a combination of strong quantitative skills and AI / ML technical knowledge.

Major Duties

• Validation of Artificial Intelligence (AI), Machine Learning (ML) and Generative AI (GenAI) models
• Independently validate AI / ML and GenAI models across supervised, unsupervised, reinforcement learning and foundation model categories.
• Evaluate Gen AI model risk, including hallucination, prompt injection, data leakage, reproducibility, and alignment with Responsible AI principles.
• Assess model robustness, interpretability, fairness, and bias through quantitative and qualitative techniques.
• Also responsible for validating complex statistical and / or algorithmic models used across bank in areas such as, Technology / Risk / Regulatory / Capital / Treasury / InterestRate / Economic Research / Fraud / Compliance models etc.
• Ensures model development, monitoring, and validation approaches meet regulatory expectations as needed and internal risk management needs.
• Provides analytical or risk measurement support to help meet both internal corporate and regulatory requirements.
• Develop in-depth knowledge of business unit / function and complex modeling techniques used.
• Clearly communicate the complex issues / findings of the model validation outcomes to stake holders.
• Keep abreast with latest regulatory requirements around model risk management.
• Assesses validation requirements and actively provides solutions to enhance the model validation framework.
• As part of centralized Model Validation team within the bank, expected to work on varied areas of risk management.

Knowledge / Skills

Experience Required

Working With Us

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today.

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [HIDDEN TEXT].

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the 'Apply' button below.

Skills Required

Word, Machine Learning, Artificial Intelligence, Sas, Powerpoint, Neural Networks, Clustering, Classification, Excel, Python