Job Description
Role Overview:
The Asset Servicing International (ASI) Team within Audit Services is responsible for providing assurance focused on Northern Trust's core banking and asset servicing operations, in addition to evaluating and advising on implementation of new and emerging Technology and Data Analytics. 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 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.
The Senior Audit Manager is responsible for providing critical oversight to audit projects across ASI, including providing oversight to the audit team and communicating results of the engagement to senior management. The Senior Audit Manager provides technical expertise and training to auditors within the engagement audit team and works closely with Audit Directors to lead asset servicing portfolios, build strong stakeholder relationships and take ownership of audit engagements.
Major Duties:
- Oversees two or more audit engagements simultaneously at a minimum
- Conduct and document more complex and high risk audits throughout the Corporation
- Demonstrates professional skepticism and comfort with questioning how certain processes are being performed in order to facilitate making improvements
- Handle risk assessments by critically assessing emerging risks
- Provide insights in building the Audit Plan evolution
- Showcase expertise in handling stakeholder relationships
- Functions in various roles on audit assignments, including leading audits, staffing audits, and providing oversight functions based on the needs of the team
- Applies analytical skills to review information, perform assessments of the audit results, and evaluate the adequacy of controls
- Leads a team of 2 or more staff
- Works closely with the Audit Director to manage the asset servicing portfolio and provide insights to leadership around holistic assurance for the portfolio
- Reviews the work papers of the audit team members ensuring that departmental standards have been met
- Communicates the audit status to business unit and Audit Services management. Responsible for direct interaction with different committees and/or management
- Completes and compiles findings and recommendations for the purpose of status updates, memos, and audit reports, including drafting issues and validating business action plans
- Coordinates with other audit teams (business unit, regional, and specialist) to ensure evaluations of related areas occur timely and cover key areas within the audit
- Provides training, coaching, and auditing expertise to the audit team
- Operates independently; has in-depth knowledge of business unit/function
- As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
- Carries out activities that are large in scope, cross-functional and technically difficult
- Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities
- Leading continuous monitoring meetings with business and Audit Services management
The successful candidate will benefit from having:
- For internal applications - 24 months as People Manager or at a Consultant level or proven work experience for 24 months leading teams or leading audits
- 12 to 15 years experience in internal audit in the financial services industry is preferred but not mandatory
- Comprehensive knowledge of internal audit lifecycle, risk assessments, audit plan build, attending risk committees
- Proficiency in Microsoft Office applications; experience with audit work paper applications preferred
- 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 but not mandatory
- General knowledge of the operations, functions, and objectives of interfacing areas is required to properly perform audits on operations, services, systems, workflow, and operational impact on other areas
- Proven ability to work independently and in a team environment
- Strong organizational and time management skills
- Must be flexible and adaptive to change
Experience Required:
- A College or University degree and/or adept auditing experience in a financial institution, or similar public accounting experience