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Manager I, Audit Services

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Accounting/Finance/Tax/Audit
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74895 Requisition #
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About Northern Trust:

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 December 31, 2018, Northern Trust Corporation had:

$10.1 trillion in assets under custody/administration
$7.6 trillion in assets under custody
$1.1 trillion in assets under management
$132 billion in banking assets

 

About Role: Manager I (Global Services)


The objective of the Audit Services department within Northern Trust is to provide exceptional audit services that protect and strengthen the franchise, and support Northern Trust’s vision.

 

Audit Services provides the opportunity for financial services professionals to work on some of the most challenging issues in the industry to apply knowledge, insights, and objectivity to protect and strengthen Northern Trust’s legacy. Our talented people empower us, and we believe in building a team that is entrepreneurial, collaborative, and passionate.
 
Audit Services independently and objectively assesses operational, financial, compliance, risk management, and corporate governance processes to evaluate the adequacy of the design and effectiveness of key internal controls. In addition to providing assurance, Audit Services also offers advice as a trusted partner with process subject matter expertise.

 

ROLE OVERVIEW

The Global Services Team within Audit Services is responsible for providing assurance focused on Northern Trust’s core banking (i.e., loans and deposits) and asset servicing (i.e., custody) operations. With this focus, team members have the unique opportunity to develop views towards enterprise risks across global processes and key technologies, drive thought leadership in assessing fraud risks and controls, and support 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.

 

Based in India but operating as part of a global matrix team structure, the Audit Manager I is responsible for supporting the delivery of the Global Services audit plan through oversight of audit engagement execution, which includes planning and contributing to the project’s scope, managing the budget and timeframes of the project, and ensuring delivery of high quality reporting and documentation in line with department Standards. The role is a direct report to an Audit Manager II based in India with functional alignment to the Audit Manager II of the Global Services Team based in Chicago. The individual will be responsible for their assigned staff's performance management process, recruiting and retention of and development of staff within the audit team. The role requires 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. Additionally, the role will assist the Manager II in interacting with Regulators and Senior and Executive management, both locally and globally.

 

The key responsibilities of the role include:

 

Leadership
• Demonstrating knowledge of core banking and asset servicing typically gained in a financial services audit environment, through the following:
• Providing subject matter and technical expertise to the Audit Team and;
• Staying current on regulatory rules and changes within the asset servicing industry and how these impact the audit planning activities
• Interacting and partnering with Business Partners and Audit Managers locally and globally, to understand the risks within the business, business changes and other significant events that could significantly affect the business and/or the audit plan
• Communicating with partners at all levels, developing and presenting recommendations on operations and controls for the business unit
• Working with global teams to ensure the risk-based audit program captures and covers relevant activities and functions
• Improving risk management, control, and governance effectiveness through systematic, disciplined audit evaluations

 

Operational
• Functioning in various roles on audit engagements and other special projects as assigned, including leading, staffing, and providing consulting or oversight functions based on the needs of the team
• Effectively managing teams and audit timelines to ensure on time delivery
• Escalating to Management on a timely basis any delays to audit deliverables
• Ensuring timely reporting on Audit Services matters to management
• Maintaining familiarization and technical expertise with the Global Services business unit globally and in India, including organizational structure, personnel, activities and products, financial performance and risk and problem areas
• Participating in meetings with business unit to discuss audit results
• During audit engagements, assigning work to auditors both locally and globally, setting priorities and monitoring activity
• Reviewing 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 timeframe
• Applying analytical skills to review information and determine potential control weaknesses

 

Talent Management
• Fostering a high performing India Audit Services team culture by encouraging employee participation, teamwork and communication
• Developing the India Audit Services teams’ capability to articulate core audit objectives, risks and procedures
• Overseeing the professional development and performance management processes by  identifying training and development needs, and providing effective feedback
• Conducting the annual performance management process for direct reports, in consultation with the functional manager to agree ratings
• Setting the local context and culture for the team in sync with the overall department tone
• Celebrating individual partner and team achievements, recognizing valued contribution
s

The successful candidate will benefit from having:
• Professional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) are preferable but not mandatory
• Candidate should have at least 11 years experience in the relevant domain
• Strong analytical, leadership, and organizational skills
• Strong report writing and workpaper documentation skills
• A College or University degree and/or adept auditing experience in a financial institution, or similar public accounting experience in the financial services industry

 

The competencies that would be valuable for this role include:
• Subject matter expertise
• Project management
• Analytical thinking
• Time management
• Communication
• Focused client relationships
• Team player
• Ability to work with a high level of accountability and autonom
y

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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