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: Associate Director, Asset and Wealth Management
The Audit Associate Director is responsible for helping to set the overall strategic direction of the Asset and Wealth Management audit team alongside the Audit Managing Director. The Associate Director also serves as a seasoned thought leader and subject matter expert that possess a strong technical understanding of Asset and Wealth Management related products, services, and regulations. Additionally, this role will be responsible for the leading and developing the Asset and Wealth Management audit team.
The key responsibilities of the role include:
Oversees and manages all audit activities within assigned areas of responsibility. Establishes an effective risk-based audit program. Ensures support provided by other audit teams (e.g., information systems auditing) is coordinated and properly covers the associated higher risk areas.
Ensures work is performed within established timeframes and department standards.
Maintains familiarization and technical expertise with the assigned business unit(s) including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas.
Responsible for staying current on regulatory rules and changes within the industry.
Responsible for the issuance of audit reports for responsible areas to ensure clear, concise, and timely communication of risks and audit issues to Senior and Executive Management. Also, performs peer reviews of other Audit Team's reports when necessary.
Ensures that audit scopes are appropriate and cover key risks as defined by Department Policies and Standards.
Participates in senior-level committees and client meetings, along with presenting to the Corporation's Audit and Business Risk Committees as well as the local/regional Audit Committee, Oversight Committee, Legal Entity Boards and Risk Committees.
Communicates with regulators, external auditors, and various risk management committees within the Corporation as part of ongoing continuous monitoring which assists in managing the Audit Plan.
Interacts and partners with Senior and Executive Management to understand the risks within the business, business changes and other significant events that could significantly affect the business and/or the audit plan.
Manages and performs special projects as assigned.
Participates in meetings with business unit to discuss audit results.
Communicates with partners at all levels, developing and presenting recommendations on operations and controls for the business unit.
During audit engagements, assigns work to auditors, sets priorities and monitors activity.
Conducts the performance management process for direct reports. Oversees the performance management process and ensures that Audit Managers are identifying training and development needs for their respective audit teams.
Assesses and determines staffing needs to propose to senior management, makes employment recommendations,...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
