at Northern Trust Company in Chicago, Illinois, United States
Job Description
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.
Role/ Department: Sr Internal Auditor, CFO/Audit Services
This professional will join the Northern Trust CFO Audit Services team with a focus on credit and market risk, capital planning, CCAR, DFAST, Basel, treasury, liquidity risk, interest rate risk, resolution planning, balance sheet forecasting, investment portfolio, related statistical/quantitative models, financial and HR activities. Based on skill sets and experience, the selected candidate will lead audit project teams, including providing audit team oversight and communicating results of the engagement to management. The role also involves utilizing technical expertise, including data analytics, and providing training to auditors within the engagement's audit team. The selected candidate will work closely with Audit Specialists and Audit Managers to confirm the scope of the audit, devise an appropriate testing approach to be performed during the engagement, lead the auditors assigned to the project to a successful testing conclusion, and report findings to senior management.
The key responsibilities of the role include:
Leadership and Management
Establish and develop strong working relationships and open communication with key stakeholders as well as Audit Managers and junior audit staff
As the "Auditor-in-Charge" for a particular audit, monitor progress and budget for the audit, and escalate significant budget variances/delays to Audit Manager
Take action to learn and develop skills/knowledge proactively across various auditable entities, and assist with developing junior auditors staffed on audits including providing clarification and feedback on specific tasks and workpapers
Stay abreast and maintain knowledge of regulatory developments, including changes to capital and liquidity requirements, and industry trends, and assist with continuous monitoring and knowledge sharing efforts
Operational
Experience in implementing and utilizing quantitative approaches and data analytical tools (e.g., Microsoft Excel, SAS, R) during the audit engagement
Execute testing applying both quantitative and qualitative analysis in adherence with approved scope and test steps
Conduct complex, cross-functional, technically difficult, and high-risk audit engagements throughout the Corporation with appropriate attention to detail
Demonstrate a deep analytical approach to understand risks, controls, and identify control gaps in processes across the business unit/corporate function
Lead planning for audits assigned including developing an appropriate scope that captures key/high risk areas and alignment with regulatory requirements/expectations
Develop risks, controls and corresponding test steps and review those prepared by junior auditors
Execute tests of design and tests of operating effectiveness proficiently, inclusive of more advanced audit techniques involving re-performance, reconciliation, and data manipulation in order to assess the completeness and accuracy of data
Ensure audit work including...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
