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Manager I, Audit Services

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Accounting/Finance/Tax/Audit
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72301 Requisition #
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The Manager I, Global and Business Services Audit is responsible for the execution of audit engagements, which includes planning, developing the project’s scope, maintaining the budget and timeframes of the project to meet audit requirements, and ensuring department Standards are properly met.  The role is a direct report to an Audit Manager II and is responsible for their assigned staff's performance management process and recruiting and retention of staff for the audit team.  The Manager I, Global and Business Services Audit provides input to improve operational efficiency and/or to enhance the design or operating effectiveness of the internal control environment.  The role provides technical expertise and performs supervisor related work including training new employees or those with lesser experience, reviewing work of others, and providing regular feedback and coaching to employees. Assisting the Manager II in interacting with Regulators, Senior and Executive management, evaluation of risk areas, and ensuring that resources are properly aligned to auditable areas.

 

The Global and Business Services Audit Team is responsible for risk assessment, continuous monitoring, project planning, execution, and issue validation focused on Northern Trust core banking (i.e., loans and deposits) and asset servicing (i.e., custody) operations.  With this focus, team members have the opportunity develop views towards enterprise risks across global processes and key technologies, drive thought leadership in assessing fraud risks and controls, and create data analytics strategies to increase assurance effectiveness.  Team members are encouraged to build authentic relationships, think creatively and challenge the status quo, seek emerging trends and develop an insightful point-of-view, and hold themselves accountable in a flexible and delivery driven culture.

 

Major Duties

 

- Functions in various roles on audit engagements, including leading audits, staffing audits and providing consulting or oversight functions based on the needs of the team.

- Provides technical expertise to the Global and Business Services Audit Team and uses sound audit practices.

- 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.

- 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.

- Utilizes understanding of various Corporate units to ensure operations, services, and systems have proper audit controls in place (i.e., design of the control environment).

- Reviews audit work including work paper documentation, findings and recommendations and the final report to ensure appropriate adherence to the Corporation’s/Department’s Policies and Standards and ensuring work is performed within established timeframes.

- Evaluates corporate management, business processes, business controls and operating practices during audits and consulting/monitoring engagements.

- Applies analytical skills to review information and determine potential control weaknesses.

Knowledge/Skills


• Knowledge of auditing in the financial services industry and basic accounting principles and related work experience

• 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 work paper documentation skills

 

Experience Required

 

• Six or more years of progressive auditing experience in the financial sector, in conjunction with relevant operational process testing design experience, is preferred

• A College or University degree and/or entry level auditing experience in a financial institution is preferred

• Adept auditing and/or systems experience in a financial institution, or similar public accounting experience in the financial services industry

 

 
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 16,500 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 June 30, 2018, Northern Trust Corporation had:

$135 billion in banking assets
$8.1 trillion in assets under custody
$10.7 trillion in assets under custody/administration
$1.1 trillion in assets under management

 


 

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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
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    • 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.

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      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.

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      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