Senior Auditor, Wealth Management

SENIOR AUDITOR - WEALTH MANAGEMENT AUDIT SERVICES

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

ROLE

This professional will join the Wealth Management team within the Audit Services Group in a newly created position. The Senior Auditor is responsible for the execution of a portfolio of audit engagements in the areas of private banking and trust activities (e.g. banking services, lending, trust administration, portfolio management), with knowledge of risks and controls of these activities, including operational and compliance risks, and investment management.

In addition, this role may also support the Asset Management team, and familiarity with the rules, regulations, and practices associated investment due diligence and portfolio construction will be beneficial.

In addition, the Senior Auditor is responsible for work paper quality, thoroughness, accuracy and timeliness.

The Senior Auditor may also execute a broader role across the team in terms of recommending or developing operational efficiencies and/or producing and delivering presentations which assist Partners with understanding root causes of control gaps, industry trends, peer practices, etc.

This position will report locally to the Audit Manager in Manila and is aligned to the Global Wealth Management within the Audit Services team.

PRINCIPAL RESPONSIBILITIES

Leadership and Management

• Establish and develop strong working relationships and open communication with key stakeholders;
• Provides training, coaching, and auditing expertise to the audit team;
• Accountable for own assignments and holding others accountable for theirs. Delivering when you say you will, and proactively managing expectations

Operational

• Work with management to develop an audit strategy for the engagement;
• Conduct and document complex and high risk audits of the governance structure and internal controls over trust administration, banking, and investment management, and testing key controls within these processes,;
• 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 and oversees 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;
• Apply analytical skills, discussions with the Business and Audit Partners and the risk assessment process to properly identify key risks and controls, audit scope, and testing approach within an audit or other project;
• Accurately designs and executes the testing approach and ensure that work paper documentation is clear, concise, supports the reviews performed, and explains decisions made during the project;
• Communicates with senior level management, including leading efforts to discuss the business/risk environment and issues/risks raised during the review, along with providing periodic updates, to the status of the project;
• Provides training, coaching, and auditing expertise to the audit team;
• As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level;
• Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities;
• Demonstrate professional skepticism and comfort with questioning how certain processes are being performed in order to facilitate making improvements;
• Document test objectives and test steps that are aligned and ensure coverage of risks and controls;
• Lead other audit team members in their responsibilities to ensure quality of work and compliance with internal audit standards;
• Draft issues clearly and concisely and communicate potential issues to the business;
• Assist in preparing the Draft Audit Report;
• Lead status meetings and discussions of initial audit findings with stakeholders;
• Monitor audit team members’ time, and escalates significant budget variances/delays;

SKILLS / EXPERIENCE

Required Skills

• Bachelor's degree in Business, Finance or Accounting is required
• CA, CPA or CIA certification is preferred
• 8+ years of experience in Wealth Management, Asset Management and/or Investment Management within the Banking/ Financial Services sector or similar public accounting experience in the Financial Services industry is an advantage

Required Competencies

• Strong people management and leadership skills
• Self-starter with an ability to self-motivate
• Strong analytical, leadership and organizational skills are required.
• Excellent verbal and written communication skills
• Highly numerate with strong organizational and problem solving skills with attention to detail
• Ability to proactively assess issues, identify solutions and problem solve
• Ability to react and respond on a timely basis
• Ability to adapt and react positively in a changing and dynamic work environment
• Ability to work under pressure and to deliver to tight deadlines
• Ability to develop relationships with diverse groups and various levels of financial and operating personnel
• Flexibility, multi-tasking, creative thinking, good business judgment skills are required to meet strict deadlines and manage other projects
• Proficiency in Word and Excel a plus
• Must be a team player and able to work under pressure during peak periods
• An ability to work in a fast paced environment as part of a Global Audit team across multiple time zones and jurisdictions.

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