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Senior Auditor - Risk Managemnt & Compliance

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Accounting/Finance/Tax/Audit
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76200 Requisition #
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The Senior Auditor - Risk Management & Compliance  is responsible for the execution of a global portfolio of audit engagements in the areas of regulatory compliance, risk management, anti-financial crime, and regulatory reporting.  In addition, this role requires a familiarity with the rules, regulations, and practices associated with banking and credit risk management.  The role provides technical expertise and performs specific assigned projects for the team and the department. 

 

In addition, the Senior Auditor RM & C is responsible for work paper quality, thoroughness, accuracy and timeliness.  The Senior Auditor RM & C may also execute a broader role across the team in terms of recommending or developing operational efficiencies and/or producing and delivering presentations which assist the wider audit department with understanding root causes of control gaps, industry trends, peer practices, etc. The Senior Auditor RM & C will have a direct reporting line into the Audit Manager in Chicago


Major Duties


• Conduct and document audits of the governance structure and internal controls over the risk management and compliance framework such as risk identification, scenario designs, operational risks, risk measures and relevant regulatory reporting, and testing key controls within these processes, specifically reliability and quality of data sources, data reconciliations and aggregation.
• Leads and participate in audit reviews and projects. 
• Develops and demonstrates an understanding of the business risks, controls, and processes, along with an understanding of relevant laws, regulatory rules and knowledge of the impact of systems within areas reviewed. 
• Performs work that adheres to all Policies and Standards (e.g., creates electronic work papers to evidence scope of examination and accuracy of findings); professional auditing standards; and regulatory requirements. 
• Apply analytical skills, discussions with the Business and Audit Partners and the risk assessment process to properly identify key risks and controls, audit scope, and testing approach within an audit or other project. 
• Accurately designs and executes the testing approach and ensure that work paper documentation is clear, concise, supports the reviews performed, and explains decisions made during the project.
• Communicates with management, including leading efforts to discuss the business/risk environment and issues/risks raised during the audit review, along with providing periodic updates, to the status of the project.
• Develops subject area expertise to assist in providing comprehensive, in-depth consult

Knowledge/Skills


• College or University degree .
• Four or more years of relevant audit, risk management, regulatory, or compliance areas
• Auditing and/or regulatory experience in a financial institution or similar public accounting experience in the financial services industry is required
• Knowledge of the operations, functions, and objectives of interfacing areas is required to effectively audit operations, services, systems, workflow, and operational impact on other areas
• Risk management experience gained working in Audit, Risk or a Compliance function.  Experience in consulting/auditing risk management rules (e.g., Basel, Enhanced Prudential Regulations) and credit risk management standards would be an advantage
• Solid understanding of risk management and compliance processes and practices
• Ability to work in a fast paced environment as part of a global audit team across multiple time zones and jurisdictions

 

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


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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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    • 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