Full-Time

Audit Specialist

Compliance and Privacy

Posted on 1/15/2025

Northern Trust

Northern Trust

10,001+ employees

No salary listed

Senior, Expert

London, UK

Category
Auditing
Forensic Accounting
Accounting
Requirements
  • Strong technical understanding of products (Asset Management, Asset Servicing and Capital Markets)
  • Experience in Conduct regulations
  • Experience shaping Audit Universes and assessing auditable entities both inherent and residual risks
  • Knowledge of auditing in the financial services industry
  • Basic accounting principles and related work experience
  • Analytical and organizational skills
  • Strong report writing
  • Excellent verbal and written communication skills
Responsibilities
  • Providing strategic thought leadership in designing an audit coverage strategy over all aspects the Specialists area(s) of expertise (mainly Conduct and Privacy regulations)
  • Draft board reporting, both at the legal entity and corporate levels, to provide insight to board members on the key risks and themes identified by the Audit Team
  • Interact with global regulators to articulate Audit’s view, and ongoing coverage and assessment of business processes and activities
  • Functions in various roles on audit engagements, including subject matter expert or providing consulting or oversight functions based on the needs of the team
  • Provides technical expertise to the Audit Team and uses sound audit practices
  • Maintains familiarization and technical expertise with the assigned business unit(s) including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas
  • Monitor regulatory updates and provide team with guidance on impact of changes in regulatory environment and how to adjust audit plan and coverage to support
  • Interacts, partners and presents to Senior and Executive Management to understand the risks within the business, business changes and other significant events that could significantly affect the business and/or the audit plan
  • Manages and performs special projects as assigned
  • Participates in meetings with business units, Senior, and Executive Management to discuss audit results
  • Communicates with partners at all levels, developing and presenting recommendations on operations and controls for the business unit
  • Utilizes understanding of various Corporate units to ensure operations, services, and systems have proper audit controls in place (i.e., design of the control environment)
  • Evaluates corporate management, business processes, business controls and operating practices during audits and consulting/monitoring engagements
  • Applies analytical skills to review information and determine potential control weaknesses
  • Develops the audit teams technical understanding
  • Represents Audit Services or Steering Committees and/or Working Groups
  • Drive and support change in the Audit Services team in line with the vision and strategy
Desired Qualifications
  • Experience of Conduct regulations in EMEA, APAC and the US as well as a general understanding of the Privacy regulatory requirements (EMEA mainly)
  • A College or University degree, auditing and/or systems experience in a financial institution or similar public accounting experience in the financial services industry is preferred
  • Professional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA along with demonstrated technical abilities in select areas (e.g., accounting, regulatory compliance, etc.) are preferred
  • Thorough understanding of project management principles in relation to people, systems and processes, to provide value quickly and enable change
  • Previous internal audit management experience is preferred

Company Size

10,001+

Company Stage

IPO

Headquarters

Menlo Park, California

Founded

1889

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Simplify's Take

What believers are saying

  • Increased demand for ESG solutions boosts Northern Trust's asset servicing business.
  • Rise of digital assets presents expansion opportunities for Northern Trust's custody services.
  • Outsourcing trend in finance increases demand for Northern Trust's third-party services.

What critics are saying

  • Competition in asset servicing may pressure Northern Trust's market share.
  • Rapid digital banking adoption by competitors could outpace Northern Trust's advancements.
  • Geopolitical tensions may disrupt Northern Trust's operations in Asia.

What makes Northern Trust unique

  • Northern Trust collaborates with TCS to enhance its securities services offering.
  • Northern Trust secures asset servicing mandates from Generation Life and Brickwood Asset Management.
  • Northern Trust partners with Foundation Source for modern private foundation management services.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Hybrid Work Options

Flexible Work Hours

Mental Health Support

Wellness Program

Company News

ChannelDrive
Mar 8th, 2025
Northern Trust Picks TCS to Transform its Securities Services Offering

Tata consultancy services (TCS), a global enabler in IT services, consulting, and business solutions, has signed an expanded deal with Northern Trust, a global financial institution, to centralize and standardize its custody operations across 99 direct and global markets.

Funds Global Asia
Mar 4th, 2025
Northern Trust secures asset servicing mandate from Generation Life

Under the new mandate, Northern Trust will deliver global custody and valuation reporting services for AU$1.5 billion in Generation Life's portfolio assets, which include domestic and international equities, bonds, foreign exchanges, etc.

Defense World
Mar 4th, 2025
StockNews.com Begins Coverage on International Tower Hill Mines (NYSE:THM)

Northern Trust Corp purchased a new stake in shares of International Tower Hill Mines in the fourth quarter worth about $46,000.

Florida Trend
Mar 4th, 2025
Florida Trend Magazine

Lynch succeeds Paul Williams, who retired after 41 years with Northern Trust.

Asset Servicing Times
Mar 3rd, 2025
Brickwood Asset Management selects Northern Trust for asset servicing solutions

Northern Trust has been selected by UK asset management boutique Brickwood Asset Management to provide asset servicing solutions.

INACTIVE