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Manager II, Audit Services

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Accounting/Finance/Tax/Audit
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72970 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 Business Unit:

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 Manager II, Audit Services is a key senior position within the global Audit Services organization, responsible for providing strategic direction and oversight for all Audit Services operations in India, including the following matrix teams: Business Operations, Global Business Services, Legal Entity, Data Analytics, and IT Audit. The role will ensure the successful build out and management of the team in India and will be expected to perform at an advanced professional level, demonstrating subject matter expertise, constructively reviewing, challenging and improving upon the audit scope, overall approach, testing program and reporting, ensuring compliance with Audit Services policy and procedures as well as providing organizational thought-leadership.

 

This senior role will be a strong leader, with broad management experience, who has demonstrated previous success in managing, retaining, building, and developing teams. They will bring strong written and oral communication skills, promote a collaborative environment, actively communicate globally, and help enhance the risk and control environment for the organization. In addition, they will effectively collaborate with local and functional partners in the Audit Services’ function as well as corporate leaders.

 

The successful individual will build and maintain vital relationships with the business, operational, and corporate teams globally and in the Head Office in Chicago, and will report to the Head of APAC Audit Services in Melbourne, Australia. This individual will also manage a team of approximately 17 plus partners with potential for future growth.

 

PRINCIPAL RESPONSIBILITIES

Leadership

• Provide strategic thinking and guidance to the operating model, planning, organization and direction of the India Audit Services function
• Work with global teams to ensure the risk-based audit program captures and covers relevant activities and functions
• Improve risk management, control, and governance effectiveness through systematic, disciplined audit evaluations
• Establish strong working relationships and open communication with stakeholders from diverse groups and levels, including APAC senior and executive management
• Actively attend, participate in, and present to various organizational and governance committees
• Provide insights and audit observations to senior management/stakeholders for challenge and discussion
• Manage India team resourcing schedules and locations to support delivery of Audit strategy
• Challenge the audit team on coverage including comprehensiveness of risks, controls and corresponding test steps
• Partner with functional leadership on global context, team needs, and opportunities within the locations

 

Operational

• Oversee, manage, and direct the planning and audit plan for the India Audit Services team, evaluating first- and second-line risks and controls
• Ensure the delivery of efficient, timely, high-quality audits
• Escalate to Management on a timely basis any delays to audit deliverables
• Ensure timely reporting on Audit Services matters to management and appropriate governance bodies
• Be a trusted advisor by gathering and interpreting disparate information from multiple sources for sharing with key stakeholders
• Ensure that India Audit Service is integrated, aligned and operating effectively as part of the broader APAC community
• Proactively identify efficiencies and synergies in operational activities
• Review, recommend, and implement process improvements identified in day-to-day activities
• Proactively manage resourcing schedules to ensure delivery of priorities
• Take ownership of India Audit Services hiring process (including management of backfill posts), succession planning, promotions, partner retention, performance management, and training for partners with input from functional managers

 

Talent Management

• Provide leadership, training, guidance, and coaching to the India Audit Services Team
• Foster a high performing India Audit Services team culture by encouraging employee participation, teamwork and communication
• Manage and develop a high performing India Audit Services team
• Develop the India Audit Services teams’ capability to articulate core audit objectives, risks and procedures
• Encourage the development of India Audit Services teams’ knowledge to act as the local experts to global Audit counterparts on operations and functions residing in India
• Oversee the professional development and performance management processes by providing effective feedback
• Develop the team’s analytical approach by identifying trends of activities across the business unit/corporate function
• Set the local context and culture for the team in sync with the overall department tone
• Complete annual performance reviews, in consultation with the onshore functional manager to agree ratings
• Make recommendations on moving partners within or cross practices as deemed appropriate, providing rationale to functional managers
• Drive partners' knowledge, experience, and expertise in business/functional, regulatory, data and technology
• Enable team members to be visible and to effectively engage with senior functional leaders in global locations
• Celebrate individual partner and team achievements, recognizing valued contributions

• A College or University degree in a relevant discipline is required
• 15+ yrs. experience, ideally within the financial services industry
• Relevant audit experience at a financial institution or similar public accounting experience
• Ideally a professional certification (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA


REQUIRED SKILLS AND COMPETENCIES

• Strong people management, analytical, leadership, organizational, and influencing skills
• Ability to identify and drive key priorities and goals, and establish executable work plans
• Demonstrate behaviors that reinforce the values and ethical standards of the Corporation at all times; execute with the highest professional and ethical standards
• Able to constructively challenge and influence stakeholders of differing viewpoints to reach consensus
• Ability to lead and motivate teams of varying skill and knowledge levels
• Ability to work autonomously and make sound business judgments in resolving routine and complex issues
• Adaptability, multi-tasking, and creative thinking to meet strict deadlines and manage other projects
• Anticipate needs or questions/concerns of audience, proactively develop and propose solutions, and communicate actively
• Strong oversight and execution skills
• Ability to flexibly manage critical issues, deadlines, variable workloads, and realign priorities and deliverables as needed
• Proven ability to manage and direct teams across multiple, complex efforts under a matrix management structure (direct and functional teams)
• Possess excellent interpersonal, verbal, and written communication skills. Ability and experience presenting at all levels, including board level
• Ability to proactively assess issues, identify solutions and problem solve with attention to detail, and communicate actively

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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