Northern Trust US | Audit Specialist - Asset & Wealth Management

Responsibilities

• Our team applies insight, objectivity, and technical expertise to help protect and strengthen Northern Trust’s legacy.
• The Audit Specialist is responsible for conducting and documenting audits across Asset and Wealth Management.
• 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).
• As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability.
• Audit Services offers financial services professionals the opportunity to work on some of the most complex and impactful issues in the industry.
• Support the development and execution of risk-based audit coverage over Asset Management and Wealth Management activities, leveraging subject matter expertise to identify key risks, controls, and emerging themes.
• Serve as a subject matter resource for audit engagements involving investment management, fiduciary services, wealth management, portfolio administration, client servicing, and supporting business processes.
• Participate in audits, issue validations, risk assessments, continuous monitoring activities, and advisory engagements in roles ranging from lead auditor to technical specialist.
• Assist Audit Services management in evaluating emerging risks, regulatory developments, industry trends, and business changes impacting the AMWM portfolio.
• Provide technical guidance to audit teams regarding business processes, products, risks, controls, and regulatory requirements within assigned areas of expertise.
• Review and evaluate the design and effectiveness of governance processes, risk management activities, and internal controls across business units.
• Analyze audit results and identify themes, trends, and potential areas requiring additional audit coverage or management attention.
• Support the preparation of audit reports, executive summaries, and committee materials by providing subject matter expertise and risk insights.
• Participate in meetings with business management to discuss risks, control concerns, audit observations, remediation activities, and business developments.
• Monitor regulatory and industry developments affecting Asset Management and Wealth Management activities and communicate potential impacts to Audit Services leadership and engagement teams.
• Build and maintain knowledge of assigned business units, including organizational structure, products, services, operational processes, regulatory requirements, and strategic initiatives.
• Partner with Audit Managers, Senior Specialists, and Directors in the development of audit scopes, risk assessments, and testing strategies.
• Support special projects, thematic reviews, and strategic initiatives within Audit Services.
• Contribute to continuous monitoring and ongoing risk assessment activities by identifying changes in the business environment and risk profile.
• Assist in developing audit staff through coaching, knowledge sharing, and subject matter training within areas of expertise.
• Support strategic initiatives and continuous improvement efforts designed to enhance audit effectiveness, efficiency, and use of data analytics.
• Working Model: Hybrid (#LI-Hybrid)

Requirements

• 10+ years of experience in internal audit, risk management, compliance, public accounting, or financial services.
• Experience auditing, assessing, or supporting Asset Management and/or Wealth Management activities preferred.
• Prior experience serving as a lead auditor, senior auditor, audit manager, risk specialist, or subject matter expert preferred.
• Demonstrated ability to manage multiple assignments while working effectively with business partners and audit teams.
• Working knowledge of internal auditing standards, risk management principles, and internal control frameworks.
• Understanding of Asset Management and Wealth Management products, services, operations, and associated risks.
• Familiarity with regulatory requirements impacting investment management, trust, fiduciary, and wealth management activities.
• Strong analytical and problem-solving skills with the ability to identify control weaknesses and emerging risks.
• Effective report-writing, presentation, and communication skills.
• Ability to analyze complex business processes and communicate technical concepts to diverse audiences.
• Knowledge of data analytics and technology-enabled audit techniques preferred.
• Strong organizational and project management skills.

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