Senior Audit Manager, Asset Management and Wealth Management

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department: Senior Audit Manager, WM-AM/Audit Services
Senior Audit Manager is responsible for the execution of audit engagements, which includes planning, developing the project’s scope, maintaining the budget and timeframes of the project to meet audit requirements, and ensuring department Standards are properly met. The role is responsible for their assigned staff's performance management process and recruiting and retention of staff for the audit team. The Senior Audit Manager provides input to improve operational efficiency and/or to enhance the design or operating effectiveness of the internal control environment. The role provides 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.

The key responsibilities of the role include: 
•    Functions in various roles on audit engagements, including leading audits, staffing audits and providing consulting or oversight functions based on the needs of the team.
•    Provides technical expertise to the Audit Team and uses sound audit practices.
•    Maintains familiarization and technical expertise preferably in the Wealth Management and Asset Management businesses including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas.  
•    Responsible for staying current on regulatory rules and changes within the industry.
•    Interacts and partners with Senior and Executive Management to understand the risks within the business, business changes and other significant events that could significantly affect the business and/or the audit plan.
•    Manages and performs special projects as assigned.
•    Participates in meetings with business unit to discuss audit results.
•    Communicates with partners at all levels, developing and presenting recommendations on operations and controls for the business unit.
•    During audit engagements, assigns work to auditors, sets priorities and monitors activity. Conducts the performance management process for direct reports. Oversees the performance management process and ensures that Audit Managers are identifying training and development needs for their respective audit teams.
•    Utilizes understanding of various Corporate units to ensure operations, services, and systems have proper audit controls in place (i.e., design of the control environment).
•    Reviews 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 timeframes.
•    Evaluates corporate management, business processes, business controls and operating practices during audits and consulting/monitoring engagements.
•    Applies analytical skills to review information and determine potential control weaknesses. 

Skills/ Qualifications:
• 7- 12 years of internal auditing experience.  
• Knowledge of auditing in the financial services industry and basic accounting principles and related work experience
• 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
• Strong analytical, leadership, and organizational skills are needed
• Strong report writing and work paper documentation skills
• College or University degree

The successful candidate will benefit from having:
Knowledge of Wealth Management and/or Asset Management businesses  

Working Model: Hybrid (#LI-Hybrid)
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Salary Range:

$95,600 - 162,400 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package