Northern Trust US | Audit Specialist -Asset Servicing and Operations

Responsibilities

• The role ensures senior management and Boards receive actionable insights highlighting key risks within the specialist's area(s) of expertise while ensuring reports meet audit requirements and departmental standards.
• The role also contributes to improving operational efficiency and strengthening the design and operating effectiveness of Northern Trust's internal control environment through technical expertise and specialized project work.
• Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
• Provide strategic thought leadership in designing audit coverage strategies across all aspects of the specialist's area(s) of expertise.
• Draft Board reporting at both legal entity and corporate levels, providing insight into key risks and themes identified by Audit.
• Interact with global regulators to articulate Audit's perspective, coverage approach, and assessment of business processes and activities.
• Serve in various roles on audit engagements, including subject matter expert, consultant, or oversight reviewer, based on engagement needs.
• Provide technical expertise to audit teams and promote sound audit practices.
• Maintain knowledge and technical expertise of assigned business unit(s), including organizational structure, personnel, products, activities, financial performance, emerging risks, and new product development.
• Monitor regulatory developments and provide guidance on their impact to the audit plan and audit coverage.
• Partner with and present to Senior and Executive Management to understand business risks, organizational changes, and significant events that may impact the business or audit plan.
• Manage and perform special projects as assigned.
• Participate in meetings with business units and Senior and Executive Management to discuss audit results.
• Communicate with stakeholders at all levels, developing and presenting recommendations related to operations and controls.
• Evaluate management practices, business processes, controls, and operating procedures during audits and consulting or monitoring engagements.
• Develop and enhance the technical capabilities of audit team members.
• Represent Audit Services on Steering Committees, Working Groups, and other governance forums.
• Drive and support change initiatives within Audit Services consistent with the department's vision and strategy.
• Subject matter expertise in a specific business, regulatory, or technical discipline.
• Reporting directly to an Audit Director, the Audit Specialist supports the recruitment, retention, and development of the audit team, with a strong focus on enhancing the team's technical knowledge and capabilities.

Requirements

• Leverage knowledge of corporate functions to ensure appropriate audit controls are embedded within operations, services, and systems.
• Apply analytical skills to assess information and identify potential control weaknesses.
• Knowledge of auditing within the financial services industry and a strong understanding of accounting principles.
• Professional certifications such as CPA, CISA, CIA, ACA, ACCA, and/or an MBA are preferred.
• Demonstrated technical expertise in areas such as accounting, regulatory compliance, risk management, or related disciplines.
• Strong understanding of project management principles involving people, systems, and processes.
• Ability to identify complex issues and develop practical, actionable solutions.
• Strong analytical and organizational skills.
• Strong verbal and written communication skills.
• Prior internal audit management experience preferred.
• Proven leadership and organizational skills, including the ability to assess, develop, and mentor staff while aligning resources to business objectives.
• A bachelor's degree from an accredited college or university is required.
• 10+ years of Relevant auditing, risk management, regulatory, or systems experience within a financial institution, or comparable public accounting experience supporting the financial services industry, is preferred.

Northern Trust US

Northern Trust US is an employer hiring in India (sector: BFSI / Investments / Insurance).

Its finance, accounts, audit and tax openings in India are mostly in Chicago, Tempe, New York and Miami.

• Industry: BFSI / Investments / Insurance