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Senior Auditor II - CPTM

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Accounting/Finance/Tax/Audit
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72997 Requisition #
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ROLE

 

The Sr. Auditor -CPTM will join the Corporate Planning and Treasury Management (CPTM) team within the Audit Services department and will report to the Audit Manager I.  The Senior Auditor is responsible functioning as the “Auditor-in-Charge (AIC)” on complex, technical, and cross functional audit engagements related to capital planning, CCAR, DFAST, Basel, Treasury, liquidity risk, interest rate risk, balance sheet forecasting, and investment portfolio.  As the “AIC” on audit engagements, the Senior Auditor is expected to execute on the end-to-end audit lifecycle (i.e., planning, testing, and reporting) with minimal supervision while under the oversight of Audit Managers.  The Senior Auditor will analyze business processes, identify key risks and controls, evaluate control design and operating effectiveness, and document testing performed in conformance with auditing standards and Audit Services methodology.  Though the Senior Auditor does not have direct reports, the role is responsible for overseeing the execution of work performed by junior staff on individual audits where they are AIC, and providing guidance and constructive feedback throughout the engagement.  The Senior Auditor should be adept at identifying control weaknesses, communicating preliminary findings to stakeholders/senior management, and assisting with the drafting of formal findings and audit report content with the support and supervision of Audit Managers.

 

RESPONSIBILITIES

 

Leadership and Management

 

- Establish and develop strong working relationships and open communication with key stakeholders as well as Audit Managers and junior audit staff;
- As the “AIC” for a particular audit, monitor progress and budget for the audit, and escalate significant budget variances/delays to Audit Manager;
- Take action to learn and develop skills/knowledge proactively across various auditable entities, and assist with developing junior auditors staffed on audits including providing clarification and feedback on specific tasks and workpapers;
- Stay abreast and maintain knowledge of regulatory developments and industry trends, and assist with continuous monitoring and knowledge sharing efforts.

 

Operational


- Working knowledge of regulatory requirements/expectations and key processes related to capital planning, CCAR, DFAST, Basel, Treasury, liquidity risk, interest rate risk, and balance sheet forecasting, and investment portfolio;
- Detailed knowledge of audit techniques, procedures, and standards usually obtained through related work experience;
- Demonstrate a deep analytical approach to understand risks, controls, and identify control gaps in processes across the business unit/corporate function;
- Lead planning for audits assigned including developing an appropriate scope that captures key/high risk areas and alignment with regulatory requirements/expectations;
- Develop risks, controls and corresponding test steps and review those prepared by junior auditors;
- Execute testing applying both quantitative and qualitative analysis in adherence with approved scope and test steps;
- Execute tests of  design and tests of operating effectiveness proficiently, inclusive of more advanced audit techniques involving re-performance, reconciliation, and data manipulation in order to assess the completeness and accuracy of data;
- Ensure audit work including workpaper documentation, findings, and the final report adheres to Audit Services methodology and are clear, thorough but concise, and adequately support findings;
- Communicate and support initial findings to senior management/stakeholders for challenge and discussion;
- Translate initial findings into formal draft issues and audit report content and assist Audit Manager with finalizing;
- Assist in preparation of presentations to the Board, Audit Committee and senior management;
- Review work of junior members on the audit ensuring that auditing standards and department methodology expectations have been met
- Perform issue validation and assist junior staff with issue validation as necessary;
- Assist with ad hoc projects as necessary (e.g., updating audit universe auditable entities, risk-based audit cycling analysis, etc.)

 

 

EXPERIENCE

 

- Generally 4+ years of auditing experience in a financial institution or in a public auditing/consulting firm, in conjunction with relevant experience in capital planning, CCAR, liquidity, resolution planning etc.;
- Demonstrated proficiency in evidencing strong analytical, project management, and problem solving skills;
- Strong Microsoft Excel skills;
- Strong business skills and general business acumen;
- Proven ability to work independently and in a team environment;
- Ability to work under pressure and deliver to tight deadlines;
- Ability to adapt and react positively in a changing and dynamic work environment;
- A College or University degree;
- A Master’s Degree and/or FRM, PRM, CFA and/or CIA certification is preferred, but not mandatory.

 

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


 

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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.

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