Audit Services Specialist

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

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 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

As a Northern Trust employee (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.

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you would benefit from adjustments for any part of the employment process, please inform the recruiter to discuss your individual requirements.

We strive to have a globally diverse workforce where engagement and inclusion drive business excellence. We believe in the power of collaborative partnerships and are proud to work with a number of organisations across the globe who provide us with ongoing knowledge, education, and insights to support our efforts.

The role

The Specialist is a subject matter expert within the APAC Audit Services team, bringing a strong technical understanding of products, services or regulations in the financial services industry. Based in Melbourne, the role supports internal audit coverage of Northern Trust’s APAC legal entities and branches, including The Northern Trust Company Melbourne Branch, and works closely with audit teams across the region and globally.

Reporting to the Managing Director, the Specialist participates in audit engagements from planning through to reporting: reviewing and challenging scope, guiding audit teams on testing, and drafting and reviewing audit reports and board materials. This ensures senior management and boards receive actionable insight into the risks in the Specialist’s area(s) of expertise, and that reports meet audit requirements and departmental standards. The role also helps recruit, retain and develop the audit team, with a key focus on building the team’s technical knowledge.

The ideal candidate will have significant internal audit experience in financial services, strong knowledge of the regulatory environment, and the ability to influence senior stakeholders. The role holder will be based in Northern Trust’s Melbourne office.

The key responsibilities of the role include:

• Participating in audit engagements using strong technical expertise, including planning, reviewing and challenging scope, guiding testing, and drafting and reviewing audit reports and management and board materials
• Leading targeted engagements that require strong technical expertise, including targeted audits, interim assessments and advisory reviews
• Overseeing portions of the APAC audit plan and audit universe, and providing input to the risk based annual audit plan
• Performing continuous monitoring, including active engagement in relevant committees, working groups and risk governance forums
• Monitoring regulatory and industry developments, and advising the team on their impact and how to adjust audit plan and coverage in response
• Engaging with regulators to articulate Audit’s view, coverage and assessment of business processes and activities
• Drafting board reporting on key risks and themes, at both legal entity and corporate levels
• Acting as a proactive, strategic partner to Senior and Executive Management on risks, business changes and significant events that could affect the business or the audit plan
• Supporting regulatory and audit issue remediation through the full lifecycle, including issue validation testing, L1 and L2 reviews, and drafting issue validation memos where strong technical knowledge is needed
• Identifying and implementing more complex data analytics and continuous auditing opportunities
• Providing input to improve operational efficiency and enhance the design and operating effectiveness of Northern Trust’s internal control environment
• Developing the audit team’s technical understanding, and driving change in Audit Services in line with its vision and strategy

Skills / Qualifications:

The successful candidate will benefit from having:

• 10 to 15 years of related work experience, previous internal audit management experience is preferred
• Advanced knowledge of audit and accounting principles
• Strong knowledge of regulatory rules and industry changes within financial services, including the Australian and wider APAC regulatory landscape
• Demonstrated ability to strategically consult and influence stakeholders through operating environment challenges and enhancements
• Excellent verbal and written communication skills, including strong report writing
• Strong interpersonal, technical, organisational and leadership skills, with the ability to connect dots across related areas to influence change
• A professional certification (e.g. CA, CPA, CISA, CIA, ACA, ACCA)

Working with Us:

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. In return, we will support you with your personal and career goals in a number of ways:

Financial – Life Assurance, Disability Plan, Superannuation, Annual Pay Review

Work Life Balance – Flexible Work Options, Incremental Annual Leave, Community Volunteer Days

Health & Wellbeing – Private Medical Insurance, Active Sports & Social clubs (lunchtime and after-work groups), Employee Assistance Program

Professional Development – Clear Career Path, Education Assistance, Recognition Programme, NT University (wide range of online, virtual & in-house training options), and employee-led Business Resource Councils dedicated to diversity and inclusion initiatives.

And Finally

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.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.