Senior Audit Manager, Wealth Management

Chicago, Illinois, United States
06 May 2021
06 Jun 2021
Contract type
Full time
Experience level

The Senior Manager role is a key senior position within the global Audit Services organization, responsible for providing strategic direction and oversight of the Wealth Management (WM) audit team, whose primary focus is to independently assess the control environment supporting the personal investment, banking, and trust and advisory functions at Northern Trust. This role will lead a team of auditors primarily based in Chicago and APAC and will work closely with the Asset Management audit team to facilitate audit plan coordination and resourcing needs. 

The successful candidate will interact and build relationships with senior leaders in Northern Trust’s WM business as it supports partners in Compliance, Legal and control functions. The role will also have exposure to the various Audit Committees overseeing the trust business. 

In addition, the successful candidate will be responsible for drafting the annual WM audit plan and approach for coverage as well as overseeing the execution of the audit plan including, but not limited to, ensuring work paper quality, thoroughness, accuracy, and timeliness. The Senior Manager may also recommend or develop operational efficiencies and/or produce and deliver presentations as part of ongoing department initiatives.


Leadership and Management

  • Provide strategic thinking, thought leadership, and guidance on identifying key risks and assessing the design and operating effectiveness of the controls supporting the WM business
  • Demonstrate strong initiative, project management and interpersonal skills, sound decision-making, intuitive thinking, political awareness, and sensitivity to cultural diversity
  • Plan, oversee, and direct the activities of the WM audit team to achieve the Corporation’s objectives, and for timely reporting on Audit Services matters to management and appropriate governance bodies
  • Leverage a strong peer network and tap the industry for knowledge and intelligence to identify leading practices
  • Oversee the professional development and performance management processes, including recruiting staff, developing talent, building an effective team, and resource optimization and alignment
  • Establish strong working relationships and communications with key stakeholders globally
  • Provide comprehensive consulting and leadership to team members and partners
  • Maintain active involvement with executive and oversight committees, including as a member of such as deemed appropriate
  • Operational 

  • Ensure all deliverables are issued accurately, completely, and timely to stakeholders
  • Leverage data analytics to drive complete coverage of risks and associated testing
  • Ensure timely delivery of comprehensive internal audit issue validation
  • Synthesize and communicate audit results, deliverables, and project status in clear, succinct, and easy-to-understand terms 
  • Deliver a risk-based audit plan that validates Northern Trust’s control environment or identifies developmental opportunities related to Northern Trust policies, global or local regulations, or industry best practices
  • Evolve the Audit Plan by identifying new coverage areas and challenging scoping of auditable entities
  • During audit engagements, assign work to auditors, set priorities and monitor and review activity
  • Produce audit reports that are clear and concise 
  • Ensure audit work including workpaper documentation, findings and recommendations, and the final report adhere to Corporate/Department Policies and Standards
  • Communicate and support a point of view to senior management/stakeholders for challenge and discussion
  • Maintain familiarization and technical expertise in WM industry as well as line of business, including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas
  • Develop, manage and monitor audit plan budgets and assist in the management of expenses for the team 
  • Assist in preparation of presentations to the Board, Audit Committee and company management
  • Required Skills

  • Bachelor’s degree in a relevant discipline is required; advanced degree (e.g., MBA, JD) preferred
  • Auditing experience in a financial institution or similar public accounting experience with at least 15 years PQE is required
  • Professional certifications (e.g., CPA, CFP, CTFA, CIA, CFIRS) are desired
  • Experience in executing or auditing private banking, investment, and trust activities 
  • Required Competencies

  • Demonstrate senior manager-level experience in designing and delivering high quality, high value internal audit programs for large businesses or regulated environments 
  • Excellent written and oral communication, approachable style, and well-developed negotiation and listening skills
  • Strong understanding of the Wealth Management industry and fiduciary risk 
  • Ability to adapt and react timely in a changing and dynamic work environment, with tight deadlines and variable workloads
  • Able to lead and motivate teams of varying skill and knowledge levels
  • Strong critical thinking, analytic, leadership and organizational skills 
  • Experience presenting at board level
  • Ability to proactively assess issues, identify solutions and problem solve
  • Ability to develop relationships with diverse groups and various levels of personnel
  • Ability to work autonomously and make sound business judgments in resolving routine and more complex issues
  • Please note that this role may require the successful candidate to travel to other NT locations as required.

    About Northern Trust:

    Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 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 we are honored to receive the following awards in 2021: 

  • Gender Equality Index Member, Bloomberg
  • Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine
  • We’d love to learn more about how your interests and experience could be a fit with one of America’s best banks and most sustainable 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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