Sr Internal Auditor, CFO

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: Sr Internal Auditor, CFO/Audit Services

This professional will join the Northern Trust CFO Audit Services team with a focus on credit and market risk, capital planning, CCAR, DFAST, Basel, treasury, liquidity risk, interest rate risk, resolution planning, balance sheet forecasting, investment portfolio, related statistical/quantitative models, financial and HR activities.  Based on skill sets and experience, the selected candidate will lead audit project teams, including providing audit team oversight and communicating results of the engagement to management. The role also involves utilizing technical expertise, including data analytics, and providing training to auditors within the engagement’s audit team.  The selected candidate will work closely with Audit Specialists and Audit Managers to confirm the scope of the audit, devise an appropriate testing approach to be performed during the engagement, lead the auditors assigned to the project to a successful testing conclusion, and report findings to senior management.

The key responsibilities of the role include:

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 “Auditor-in-Charge” 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, including changes to capital and liquidity requirements, and industry trends, and assist with continuous monitoring and knowledge sharing efforts

Operational 

•    Experience in implementing and utilizing quantitative approaches and data analytical tools (e.g., Microsoft Excel, SAS, R) during the audit engagement  
•    Execute testing applying both quantitative and qualitative analysis in adherence with approved scope and test steps
•    Conduct complex, cross-functional, technically difficult, and high-risk audit engagements throughout the Corporation with appropriate attention to detail
•    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 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 and/or 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.) 

Skills/Qualifications:

•    Generally 4+ years of auditing experience in a financial institution or in a public auditing/consulting firm, in conjunction with relevant experience in credit and market risk, CCAR, DFAST, Basel, treasury, liquidity risk, interest rate risk