Audit specialist - regulatory validation

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.

Audit Services is offering an exceptional opportunity for an experienced audit professional who is keen to apply their knowledge and experience in the Regulatory Validation Audit Team. This a senior position, which is expected to work autonomously, be comfortable independently applying risk judgement, and engage senior management across the business and other Audit Services teams. This position will report to the Director in London and work closely with Audit Services and business partners in all Northern Trust locations.

The Audit Specialist is responsible for the oversight and real-time quality control of validation approaches for regulatory issues. The role is expected to engage with all key stakeholders of the remediation, including all levels of management from the business, Audit Services, control functions, and risk management. This high-profile role engages with senior members of Northern Trust and will be a primary point of contact for regulatory issue remediation assurance activities. The Audit Specialist will play a key role in communicating, training and supporting stakeholders, inclusive of other Audit partners, to understand and apply the validation methodology, as well as looking to continually improve our processes. This seasoned professional provides functional expertise, and execution rigor to the management and coordination of regulatory issue validation. A strong and confident communicator, the Audit Specialist promotes a collaborative approach to enhance the risk and control environment for Northern Trust.

The Key Responsibilities Of The Role Include

• Manage complex and multiple project objectives concurrently including resourcing, workpaper review and ensuring timely completion.
• Manage project resources to accomplish complex scopes of work and objectives in tight timeframes.
• Identify any emerging risks and react quickly.
• Interact with a wide range of stakeholders, including senior management and regulators.
• Represent Audit Services in various committees, task forces, etc.
• Lead, guide, and coach staff, and foster an environment which encourages partner participation, teamwork, and communication.
• Working with subject matter experts, other audit teams and co-sources to define and delivery validation approaches.
• Review clear, concise audit reports and/or memos ensuring timely communication of risks and audit conclusions to senior and executive management.
• Maintain familiarity of and technical expertise with business unit(s) organizational structure, personnel, activities and products, new product development, financial performance, and risk and problem areas.
• Stay current on regulatory rules and changes within the industry.
  
  

Skills/Qualifications

• 10+ years' experience in Internal Audit, preferably within the banking/financial services sector or practice experience in the financial services industry.
• Experience with regulatory engagement.
• Qualified accountant - CPA, ACA, ACCA, CFA or CIA designations.
• Excellent oral and written communication skills (e.g., ability to communicate both with junior staff and senior leaders, executive writing).
• Strong critical thinking, analytic, leadership and organizational skills.
• Ability to proactively assess issues, identify solutions and problem solve.
• Ability to develop relationships with diverse groups and various levels of personnel.
• Ability to work autonomously and make sound business judgments in resolving complex issues.
  
  

The Successful Candidate Will Benefit From Having

• Quality Assurance and / or Professional Practices experience in a financial services internal audit function.
  
  

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.

Salary Range

$114,700 - 194,900 USD

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.

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 [email protected].

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.