Audit Specialist - Regularity Validation at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

10+ years' experience in Internal Audit, preferably within the banking/financial services sector or practice experience in the financial services industry
Experience with regulatory engagement
Qualified accountant - CPA, ACA, ACCA, CFA or CIA designations
Excellent oral and written communication skills (e.g., ability to communicate both with junior staff and senior leaders, executive writing)
Strong critical thinking, analytic, leadership and organizational skills
Ability to proactively assess issues, identify solutions and problem solve
Ability to develop relationships with diverse groups and various levels of personnel
Ability to work autonomously, apply risk judgement independently, and engage senior management

Responsibilities

Manage complex and multiple project objectives concurrently including resourcing, workpaper review and ensuring timely completion
Manage project resources to accomplish complex scopes of work and objectives in tight timeframes
Identify any emerging risks and react quickly
Interact with a wide range of stakeholders, including senior management and regulators
Represent Audit Services in various committees, task forces, etc
Lead, guide, and coach staff, and foster an environment which encourages partner participation, teamwork, and communication
Work with subject matter experts, other audit teams and co-sources to define and deliver validation approaches
Review clear, concise audit reports and/or memos ensuring timely communication of risks and audit conclusions to senior and executive management
Maintain familiarity of and technical expertise with business unit(s) organizational structure, personnel, activities and products, new product development, financial performance, and risk and problem areas
Stay current on regulatory rules and changes within the industry
Provide oversight and real-time quality control of validation approaches for regulatory issues
Engage with all key stakeholders of the remediation, including all levels of management from the business, Audit Services, control functions, and risk management
Communicate, train and support stakeholders, inclusive of other Audit partners, to understand and apply the validation methodology
Continually improve processes and promote a collaborative approach to enhance the risk and control environment

Skills

Key technologies and capabilities for this role

Internal AuditRegulatory ValidationRisk JudgementIssue RemediationStakeholder EngagementComplianceRisk ManagementAudit Methodology

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time employment opportunity.

Where is this role based and does it support remote work?

This information is not specified in the job description.

What key skills are required for the Audit Specialist role?

The role requires experience in audit, ability to work autonomously with risk judgement, strong communication skills, stakeholder management including with senior management and regulators, and leadership to coach staff.

What is the company culture like at Northern Trust?

Northern Trust emphasizes principles of service, expertise, and integrity, promotes a collaborative approach, fosters teamwork and communication, and values partner participation.

What makes a strong candidate for this Audit Specialist position?

A strong candidate is a seasoned audit professional with experience managing complex projects, engaging senior stakeholders and regulators, leading teams, and applying validation methodologies with execution rigor.