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Accounting/Finance/Tax/Audit
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76495 Requisition #
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For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.


As of March 31,2019, Northern Trust Corporation had:

$10.9 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$122 billion in banking assets 


Role overview

The Audit Services Manager (2ndVP/AVP) is responsible for managing an audit function with one or more teams that covers a specific business unit or function within the Northern Trust Corporation. The role is a direct report to the Deputy General Auditor, an Audit Services Director or Senior Manager and is responsible for overseeing the audit team's planning and execution of audits, the performance management process and recruiting and retention of staff for the audit team. 

The Audit Services Manager II (2ndVP/AVP) is also responsible for interacting with Senior and Executive management, leveraging technical expertise to evaluate risk areas and ensuring that resources are properly aligned to audit these areas. This role provides leadership and guidance to staff, fostering an environment which encourages employee participation, teamwork, and communication. 


Responsibilities

  • 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. 
  • Responsible for the audit team’s adherence to the Corporation’s/Department’s Policies and Standards and ensures work is performed within established time frames. 
  • 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, handles salary administration, and ensures resources are available to accomplish priorities. Participates in recruiting process for all Northern Trust audit teams.

Qualifications

  • A College or University degree and seasoned auditing experience in a financial institution, or similar public accounting experience in the financial services industry is preferred. 
  • Also, candidates should have previous management experience. 
  • Knowledge of auditing in the financial services industry and basic accounting principles and related work experience 
  • Knowledge of the business unit / function that he/she is managing 
  • Professional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA along with demonstrated technical abilities in select areas (e.g., accounting, regulatory compliance, etc.) are preferred 
  • Strong analytical, leadership, and organizational skills are needed 
  • Strong report writing and workpaper documentation skills
  • Leadership and organizational skills are required to develop periodic goals and to manage and motivate team members towards the goals set.

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement