Associate Auditor

Chicago, Illinois, United States
05 Mar 2021
10 Mar 2021
Contract type
Full time
Experience level
Qualified accountant

Northern Trust’s corporate-wide services groups are responsible for helping our employees deliver outstanding products and services to our clients by providing expert consulting throughout the company. The Corporate Audit Services team conducts audits throughout the company to ensure procedures and regulations are being followed. They assess and validate the effectiveness of controls, and recommend measures to minimize financial loss.

The Associate Auditor is responsible for conducting and documenting routine audit examinations throughout the company (with a focus on NT Risk Management and Compliance areas). The role is a direct report to an Audit Manager I, and is responsible for completing audits in accordance with stated budget, timeframes, and department standards. The Associate Auditor provides input to improve operational efficiency and/or to enhance the design or operating effectiveness of the internal control environment.

The key responsibilities of the role include: 

  • Develops a thorough understanding of the Audit Services' Internal Audit Charter, Policy and Methodology and adheres to all applicable requirements within those documents
  • Develops an understanding of NT’s corporate functions, business units, products & services, and operating environment and the associated business risks (internal to NT and external that impact NT), controls and processes, along with knowledge of the impact of systems within responsible areas
  • Performs review of various departments by understanding the key risks and controls within the function being reviewed. Develops and executes test steps, documents results and evaluates results to assess the quality of the control and/or control environment 
  • Comfortable working in virtual global teams, with both auditors and business partners based in various NT locations
  • Responsible for staying current on regulatory rules and changes within the industry
  • Communicates with partners at all levels, developing and presenting recommendations on operations and controls 
  • Demonstrates professional skepticism and comfort with questioning how certain processes are being performed in order to facilitate making improvements
  • Documents walkthroughs and process flows, identifying the failure point within the activity and control points to mitigate/identify the failure
  • Utilizes appropriate audit techniques to document and determine the effectiveness of internal controls (i.e. interviews, observation, flow charting, compliance and substantive testing)
  • Applies analytical skills to review information and determine potential control weaknesses
  • Completes and compiles a high quality summary of findings and recommendations for review in a concise and professional manner
  • Escalates any audit findings
  • Attends meetings with business units and corporate functions to discuss audit results
  • Performs issue tracking and validation activities to close issues
  • Manages and performs special projects as assigned
  • Qualifications:

  • A College or University degree and/or entry level auditing experience in a financial institution
  • Knowledge of auditing in the financial services industry and related work experience
  • Professional certifications (e.g., CRCM, CIA, CPA) and/or an MBA along with demonstrated knowledge in select areas (e.g., regulatory compliance, risk management, etc.) are preferred
  • Analytical and organizational skills are necessary to conduct audits
  • Excellent in verbal and written communication (i.e., report writing)
  • Results oriented, focused on completing projects timely and of high quality
  • Required Competencies

  • Analytical thinking
  • Time management
  • Communication
  • Focused client relationships
  • Team player
  • 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.

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

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