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Audit Manager, Risk based Audits

Northern Trust
Bangalore, India
Closing date
Jun 9, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

Company and Department Summary:

Founded in Chicago in 1889, Northern Trust is one of the world's leading financial institutions. We specialize in providing asset servicing solutions to institutional clients. The delivery of products and services to this client base is supported through a network of offices in more than 20 countries around the globe.

We believe our most valuable asset is our engaged, empowered, and diverse workforce. As a global institution, Northern Trust is committed to building upon this diverse talent through encouraging innovative thinking and personal courage in an inclusive environment. Audit Services provides the opportunity for financial services professionals to work on some of the most challenging issues in the industry to apply knowledge, insights, and objectivity to protect and strengthen Northern Trust's legacy.

Audit Services independently and objectively assesses operational, financial, compliance, risk management, and corporate governance processes to evaluate the adequacy of the design and effectiveness of key internal controls. In addition to providing assurance, Audit Services offers advice as a trusted partner with process subject matter expertise.

Role Overview:
The Asset Servicing International (ASI) Team within Audit Services is responsible for providing assurance focused on Northern Trust's core banking and asset servicing operations, in addition to evaluating and advising on implementation of new and emerging Technology and Data Analytics. With this focus, team members have the unique opportunity to develop views towards enterprise risks across global processes and key technologies, drive thought leadership in assessing fraud risks and controls, and create data analytics strategies to increase assurance effectiveness. Team members are encouraged to build authentic relationships, think creatively and challenge the status quo, seek emerging trends and develop an insightful point-of-view, and hold themselves accountable in a flexible and delivery driven culture.

The Audit Manager is responsible for leading audit projects across ASI, including providing oversight to the audit team and communicating results of the engagement to senior management. The Audit Manager provides technical expertise and training to auditors within the engagement audit team and works closely with Senior Audit Managers to confirm the scope of the audit and to devise an appropriate testing approach to be performed during the engagement.

Major Duties:
Leads two or more audits simultaneously at a minimum
Conduct and document more complex and high risk audits throughout the Corporation
Demonstrates professional skepticism and comfort with questioning how certain processes are being performed in order to facilitate making improvements
Finalizes planning documents
Assisting in Audit Plan evolution by challenging scoping of audit project
Functions in various roles on audit assignments, including leading audits, staffing audits, and providing oversight functions based on the needs of the team
Applies analytical skills to review information, perform assessments of the audit results, and evaluate the adequacy of controls
Leads a team of 1 or more staff in executing audits
Works closely with the Senior Audit Manager to perform/develop the audit planning, scoping, and fieldwork execution strategy
Works closely with the Senior Audit Manager to develop the audit budget and/or timeframe for how the audit will be completed
Reviews the work papers of the audit team members ensuring that departmental standards have been met
Communicates the audit status to business unit and Audit Services management. Responsible for direct interaction with different committees and/or management
Completes and compiles findings and recommendations for the purpose of status updates, memos, and audit reports, including drafting issues and validating Business action plans
Coordinates with other audit teams (business unit, regional, and specialist) to ensure evaluations of related areas occur timely and cover key areas within the audit
Provides training, coaching, and auditing expertise to the audit team
Operates independently; has in-depth knowledge of business unit/function
As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level
Carries out activities that are large in scope, cross-functional and technically difficult
Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities
Leading continuous monitoring meetings with business and Audit Services management

The successful candidate will benefit from having:
6 to 9 years' experience in internal audit in the financial services industry is preferred but not mandatory
Comprehensive knowledge of internal audit processes such as sampling, testing, and process/control walkthroughs with strong work paper documentation skills.
Proficiency in Microsoft Office applications; experience with audit work paper applications preferred
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.) are preferred but not mandatory
General knowledge of the operations, functions, and objectives of interfacing areas is required to properly perform audits on operations, services, systems, workflow, and operational impact on other areas
Proven ability to work independently and in a team environment
Strong organizational and time management skills
Must be flexible and adaptive to change

Experience Required:
A College or University degree and/or adept auditing experience in a financial institution, or similar public accounting experience

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 .

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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