Northern Trust

Sr Internal Auditor, CFO

4 days left

Chicago, IL/Hybrid
24 May 2024
24 Jun 2024
Contract type
Full time
Experience level
Qualified accountant

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: Sr. Internal Auditor, CFO/Audit Services

This professional will join the Northern Trust CFO Audit Services team with a focus on credit and market risk, capital planning, CCAR, DFAST, Basel, treasury, liquidity risk, interest rate risk, resolution planning, balance sheet forecasting, investment portfolio, related statistical/quantitative models, financial and HR activities. Based on skill sets and experience, the selected candidate will lead audit project teams, including providing audit team oversight and communicating results of the engagement to management. The role also involves utilizing technical expertise, including data analytics, and providing training to auditors within the engagement’s audit team. The selected candidate will work closely with Audit Specialists and Audit Managers to confirm the scope of the audit, devise an appropriate testing approach to be performed during the engagement, lead the auditors assigned to the project to a successful testing conclusion, and report findings to senior management.

The key responsibilities of the role include:

Leadership and Management

  • Establish and develop strong working relationships and open communication with key stakeholders as well as Audit Managers and junior audit staff
  • As the “Auditor-in-Charge” for a particular audit, monitor progress and budget for the audit, and escalate significant budget variances/delays to Audit Manager
  • Take action to learn and develop skills/knowledge proactively across various auditable entities, and assist with developing junior auditors staffed on audits including providing clarification and feedback on specific tasks and workpapers
  • Stay abreast and maintain knowledge of regulatory developments, including changes to capital and liquidity requirements, and industry trends, and assist with continuous monitoring and knowledge sharing efforts


  • Experience in implementing and utilizing quantitative approaches and data analytical tools (e.g., Microsoft Excel, SAS, R) during the audit engagement
  • Execute testing applying both quantitative and qualitative analysis in adherence with approved scope and test steps
  • Conduct complex, cross-functional, technically difficult, and high-risk audit engagements throughout the Corporation with appropriate attention to detail
  • Demonstrate a deep analytical approach to understand risks, controls, and identify control gaps in processes across the business unit/corporate function
  • Lead planning for audits assigned including developing an appropriate scope that captures key/high risk areas and alignment with regulatory requirements/expectations
  • Develop risks, controls and corresponding test steps and review those prepared by junior auditors
  • Execute tests of design and tests of operating effectiveness proficiently, inclusive of more advanced audit techniques involving re-performance, reconciliation, and data manipulation in order to assess the completeness and accuracy of data
  • Ensure audit work including workpaper documentation, findings, and the final report adheres to Audit Services methodology and are clear, thorough but concise, and adequately support findings
  • Communicate and support initial findings to senior management and/or stakeholders for challenge and discussion
  • Translate initial findings into formal draft issues and audit report content and assist Audit Manager with finalizing
  • Assist in preparation of presentations to the Board, Audit Committee and senior management
  • Review work of junior members on the audit ensuring that auditing standards and department methodology expectations have been met
  • Perform issue validation and assist junior staff with issue validation as necessary
  • Assist with ad hoc projects as necessary (e.g., updating audit universe auditable entities, risk-based audit cycling analysis, etc.)


  • Generally 4+ years of auditing experience in a financial institution or in a public auditing/consulting firm, in conjunction with relevant experience in credit and market risk, CCAR, DFAST, Basel, treasury, liquidity risk, interest rate risk, resolution planning, balance sheet forecasting, investment portfolio, statistical/quantitative models, or financial and HR activities
  • Proven experience acting in an Auditor in Charge capacity
  • Demonstrated proficiency in evidencing strong analytical, project management, and problem solving skills
  • Strong Microsoft Excel skills
  • Strong business skills and general business acumen
  • Proven ability to work independently and in a team environment
  • Ability to work under pressure and deliver to tight deadlines
  • Ability to adapt and react positively in a changing and dynamic work environment
  • A College or University degree

The successful candidate will benefit from having:

  • Previous experience with statistical/quantitative models
  • A Master’s Degree (or other graduate program) and/or FRM, PRM, CFA and/or CIA certification

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.

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.

Talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.

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