Audit Manager - Asset & Wealth Management

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Audit Services offers financial services professionals the opportunity to work on some of the most complex and impactful issues in the industry. Our team applies insight, objectivity, and technical expertise to help protect and strengthen Northern Trust’s legacy. We are a collaborative, globally connected team of over 200 professionals.

The Audit Manager is responsible for conducting and documenting audits across Asset and Wealth Management. This role leads audit project teams, which includes providing oversight to the audit team and communicating results of the engagement to management. The Audit Manager provides technical expertise and training to auditors within the engagement audit team and works closely with Senior Audit Managers to confirm the scope of the audit and to devise an appropriate testing approach to be performed during the engagement.

MAJOR DUTIES

• Operate independently
• Design and lead audit execution - one or two audits simultaneously
• Verify test steps aligned with controls
• Work on more complex audits
• Contribute on other engagements outside lead role
• Mentor/Coach junior staff

   Planning:

• Propose audit scope
• Lead (AIC) more complex audit projects
• Develop testing approach, RCTM, and RCM
• Complete planning documents
• Complete all sections of PQ
• Hold budget meetings
• Delegate tests
• Lead walkthroughs, planning meetings

     Fieldwork:

• Responsible for ensuring audit engagement is meeting deadlines
• Complete highest complexity testing;
• Lead discussions with stakeholders on testing findings
• Perform L1 reviews on low to moderate complexity tests
• Challenge issues, propose root cause

     Reporting:

• Draft issues
• Draft report (including executive summary)

     Data Analytics:

• Identify more complex DA opportunities and assist in implementation

     Issue Validation:

• Performs testing
• Draft failure memo

KNOWLEDGE/SKILLS

• Demonstrates professional skepticism and comfort with questioning how certain processes are being performed in order to facilitate making improvements.
• Knowledge of audit/ accounting principles usually obtained through related work experience and a four year degree program in related subject area
• Strong analytical, organizational, and communication skills - including effective business writing and presentation skills.
• Have a professional certification (e.g. CPA, CISA, CIA, ACA, ACCA)

EXPERIENCE

• A College or University degree and 5+ years related work experience (auditing experience in a financial institution is preferred).

Working Model: Hybrid ()

We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.