Associate Consultant - Model Risk Management

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.

Job Title

Associate Consultant – Model Risk Management

Role Summary                                                                                                                                                     

We are seeking a high‑caliber Associate Consultant to work closely with the Manager, Model Risk Management on a broad set of analytical, strategic, and execution‑focused responsibilities. This role is intended for a strong thinker with solid grounding in finance, model risk, and AI, who can operate with confidence across analysis, coordination, communication, and delivery.

The Associate Consultant will act as a trusted partner to the role holder—owning discrete workstreams, synthesizing complex information, and supporting delivery of both Model Risk Management priorities and India Risk site‑level initiatives. The role requires maturity, judgment, and the ability to operate independently while working closely with senior stakeholders.

Key Responsibilities

Model Risk Management (MRM) Support

• Support Model Risk Management activities across financial, statistical, AI/ML, and GenAI models, aligned to the firm’s MRM framework and regulatory expectations.
• Review and synthesize model documentation, validation outcomes, issue themes, and risk narratives to identify key insights and emerging risks.
• Assist in evaluating conceptual soundness, assumptions, limitations, model use, and risk drivers, with increasing independence.
• Contribute to model risk reporting, presentations, and briefing materials for internal forums and senior stakeholders.

AI and Emerging Risk Focus

• Support work related to AI / ML / GenAI risk, including understanding risks related to explainability, bias, robustness, data dependency, governance, and appropriate use.
• Track emerging trends in AI risk and responsible AI, and help translate technical topics into practical risk considerations.
• Assist in developing thought pieces, discussion notes, and internal materials on emerging model and AI risk topics.

Stakeholder Engagement & Communication

• Coordinate across Model Risk, broader Risk teams, and India leadership, ensuring clarity and consistency of messaging.
• Partner with the India Risk Site Lead to support site‑level priorities, strategic initiatives, and engagement efforts.
• Assist with planning and preparation of townhalls, leadership updates, site communications, and strategic presentations.
• Translate complex technical and risk topics into clear, structured, executive‑ready communication.

Skills & Capabilities

Core Skills

• Strong foundation and 5-7 years of experience in finance, risk management, quantitative analysis, or related disciplines, with exposure to model risk concepts.
• Working knowledge of AI / ML concepts and strong interest in developing deeper expertise in GenAI and emerging technologies.
• Excellent analytical thinking, with the ability to connect dots, identify themes, and challenge existing approaches constructively.
• Outstanding written and verbal communication skills, including the ability to simplify complex topics for senior audiences.

Ways of Working

• High degree of ownership, discretion, and judgment; trusted to handle sensitive and ambiguous topics.
• Comfortable operating at the intersection of strategy and execution.
• Strong organizational skills with the ability to manage multiple parallel priorities.
• Proactive and curious mindset—identifies gaps, proposes improvements, and drives work forward.

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. #MadeForGreater

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 MyHRHelp@ntrs.com.

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.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.