Director – Audit Services

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department

This is a newly created Director position within the Chief Risk Office and Capital Markets (CRO_CM) Audit team and will be based in London. The successful candidate will report to the CRO_CM Managing Director, who is based in London. The successful candidate will bring proven expertise in culture, conduct and compliance framework activities to the Audit Services department and will play a strategic role in the design and execution of a revamped audit universe and related risk based audit coverage strategy for the Audit Services department. 

The candidate will interact and build relationships with senior management in Northern Trust’s Risk Management and Compliance organization. Additionally, the candidate will utilize their technical expertise to the execution of the related annual audit plan, lead department initiatives, act as a trusted advisor to stakeholders and act as the Audit Services representative in key governance forums. Given the nature of the role, the successful candidate will have the opportunity to leverage their subject matter knowledge to support the enhancement of compliance risk management activities across Northern Trust. 

The key responsibilities of the role include:

Leadership and Management

• Demonstrate excellent communication and leadership to influence a wide range of stakeholders, including risk management and business leadership, regulators, and external auditors
• Demonstrate strong initiative, project management, interpersonal skills, sound decision-making, intuitive thinking, and sensitivity to cultural diversity
• Oversee the professional development and performance management processes, including recruiting staff, developing talent, building an effective team with compliance subject matter expertise, and optimizing resources 
• Develop and deliver training targeted to audit partners outside the risk management and compliance team to enable them to remain connected and informed on risk management activities 
• Leverage a strong peer network and tap the industry for knowledge and intelligence to identify leading culture, conduct and compliance practices
• Represent Audit Services through active participation in various culture, conduct and compliance related organizational and governance committees, task forces, forums etc.

Operational

• Ensure appropriate audit coverage of current and emerging risks related to culture, conduct and compliance activities  
• 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
• Provide technical input, challenge and execution on planned audit work to drive risk management awareness across the audit department 
• Support Audit Services regulatory required validation activities as required through the provision of subject matter expertise input in approach design, execution and reporting 
• Lead continuous monitoring efforts to stay informed of changes in Northern Trust and identify current or future risks that should be assessed through the audit plan

Skills/ Qualifications

The successful candidate will benefit from having: 

• A college or university degree, ideally in risk management/auditing discipline 
• Advanced auditing or practical application experience in a second line risk management role, with a focus in the financial services industry or global corporations preferred 
• Specific subject matter expertise in culture, conduct and compliance activities and related regulatory/industry expectations
• Demonstrated experience in designing and delivering high quality, high value internal audit deliverables (including regulatory validation activities) for global organizations or in regulated environments, in accordance with IIA standards.
• Ability to execute a formal audit strategy that reflects the organization’s risk profile, regulatory/legal requirements, and current risk trends
• Proficient written and oral communication, negotiation, and listening skills demonstrated through an ability to foster relationships with a variety of stakeholders (including senior business and technology leaders and regulators)
• Strong business acumen and understanding of the financial services industry
• Experience managing a team of professionals, effectively enabling their professional growth and development
• Ability to adapt and react timely in a changing and dynamic work environment, tight deadlines and variable workloads

*Please note that this role may require the successful candidate to travel to other NT locations as required.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

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 sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected].

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.