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, CFO/Internal Audit
This professional will be joining the CFO team within Audit Services with a focus area primarily of credit risk, while also providing support over capital, liquidity, treasury, interest rate risk, finance, resolution planning, and market risk management activities. Based in Chicago or Boston, but operating as part of a global matrix team structure, the 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 Senior Audit Manager provides input to improve operational efficiency and/or to enhance the design or operating effectiveness of the internal control environment.
The key responsibilities of the role include:
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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.
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Maintains familiarization and technical expertise with the assigned business unit(s) including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas.
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Responsible for staying current on regulatory rules and changes within the industry.
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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.
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Participates in meetings with business unit to discuss audit results.
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Communicates with partners at all levels, developing and presenting recommendations on operations and controls for the business unit.
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Conducts the performance management process for direct reports. Oversees the performance management process and ensures that direct reports are identifying training and development needs as required.
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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.
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Evaluates corporate management, business processes, business controls and operating practices during audits and consulting/monitoring engagements.
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Applies analytical skills to review information and determine potential control weaknesses.
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Manages and performs special projects as assigned.
Skills/Qualifications:
• Expertise in the execution, monitoring, or auditing of credit risk management activities (e.g., Regulation Q, Basel III rules, Risk Weighted Assets (RWA) classifications and calculations, netting agreements, Single Counterparty Credit Limit (SCCL) monitoring, Current Expected Credit Losses (CECL) calculations, counterparty stress testing) via working in the first-line (e.g., credit origination, banking), second-line (e.g., risk management), or third-line (e.g., internal audit)
• Exposure to Liquidity Risk Management (e.g., Regulation YY), Capital Management (e.g., Comprehensive
• Capital Analysis and Review (CCAR)), and Treasury activities (e.g., fixed income portfolio management, intraday liquidity, internal liquidity stress testing (ILST), cash management) is preferred
• Experience working in a financial institution or similar public accounting/consulting industry
• Strong analytical, leadership, and organizational skills are needed
• A College or University degree
The successful candidate will benefit from having:
• 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.)
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.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at
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We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
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