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Summary Northern Trust is recruiting for a Senior Auditor to join the Risk Management and Compliance (RMC) Audit Team. The Senior Auditor will have unique exposure to many risk management and compliance related areas (e.g., anti-bribery, fraud, privacy (including GDPR), Anti-Money Laundering, operational risk, credit risk, etc.) in order to identify and assess risk exposures to the firm and the controls used to mitigate those risks.
The Senior Auditor functions as an 'Auditor-in-Charge' by being the primary point person in the day to day oversight and execution of an audit. The selected candidate will work closely with Audit Specialists and Managers to plan the audit, develop the scope, and devise an appropriate testing approach to be performed during the audit engagement. The Senior Auditor role is also responsible for work-paper quality, thoroughness, accuracy and timeliness. This position may also execute a broader role across the team in terms of recommending or developing operational efficiencies and/or producing and delivering presentations to assist the wider audit department with understanding root causes of control gaps, industry trends, peer practices, etc. Team members are also expected to build strong working relationships with stakeholders, audit managers, and audit staff; think creatively; identify emerging trends and develop insightful points-of-view; and hold themselves accountable in a fluid and delivery driven culture.
The key responsibilities of the role include:
Conduct and document audits of the governance structure and internal controls over the risk management and compliance framework such as risk identification, measurement, monitoring, relevant regulatory reporting, and testing key controls within these processes, specifically reliability and quality of data sources, data reconciliations and aggregation.
Develops and demonstrates an understanding of the business risks, controls, and processes, along with an understanding of relevant laws, regulatory rules and knowledge of the impact of systems within areas reviewed.
Performs work that adheres to all Policies and Standards (e.g., creates electronic work papers to evidence scope of examination and accuracy of findings); professional auditing standards; and regulatory requirements.
Accurately designs and executes the testing approach and ensure that workpaper documentation is clear, concise, supports the reviews performed, and explains decisions made during the project.
Actively communicates with business unit and Audit Services management, including leading efforts to discuss the business/risk environment and issues/risks raised during the review, along with periodic audit status updates.
Responsible for compiling findings and recommendations for the purpose of status updates, memos, and audit reports.
Comfortable leading audits remotely where audit staff and business partners are located in various offices around the globe, with
Develops technical and subject matter expertise to provide comprehensive in-depth insight and leadership to the audit team and wider audit department, while building credibility with business partners.
Prior and/or current experience gained working in an Audit, Risk, or Compliance function within a financial services company, consulting firm, or regulatory agency
Good working knowledge of a variety of EMEA regulations / EU Directives (Criminal Justice Money Laundering and Terrorist Financing Act, Consumer Protection Codes, Market Abuse Rules, Data Protection Acts, etc.) would be an advantage
Relevant industry certification(s) (e.g. CIA, ACAMS, etc.) would be an advantage
Strong understanding of risk management and compliance processes and practices
About Northern Trust: Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Working with Us: 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. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve! We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018. 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 ethical companies. Build your career with us and apply today.