Full-Time

Senior Auditor

Asset and Wealth Management

Updated on 3/14/2025

Northern Trust

Northern Trust

10,001+ employees

Compensation Overview

$74.2k - $126.2kAnnually

+ Bonus

Senior

Chicago, IL, USA

Category
Auditing
Financial Analysis
Accounting
Requirements
  • Knowledge of audit procedures and standards usually obtained through related work experience and a four year degree program is required.
  • Has a comprehensive understanding of the Audit Services' Internal Audit Charter, Policy and Methodology and adheres to all applicable requirements within those documents.
  • Knowledge of corporate policies and procedures that relate to auditing/accounting standards and analytical skills are necessary to prepare audits.
  • Knowledge of the operations, functions, and objectives of interfacing areas is required to properly audit operations, services, systems, workflow, and operational impact on other areas.
Responsibilities
  • Leads one audit at a time at a minimum.
  • Conduct and document more complex and high-risk audits throughout the Corporation.
  • Demonstrates professional skepticism and comfort with questioning how certain processes are being performed in order to facilitate making improvements.
  • Finalizes planning documents.
  • Conducts first level review of Planning Documents.
  • Applies analytical skills to review information, perform assessments of the audit results, and evaluate the adequacy of controls.
  • Work with the Audit engagement Senior Auditor II or Team Leader/Manager I or II to develop the audit objectives for the engagement.
  • Assists with the development of the audit budget and/or timeframe for how the audit will be completed based on the objective and risk of the areas covered within the engagement.
  • Reviews the work papers of the audit team members ensuring that departmental standards have been met.
  • Communicates the audit status to business unit and Audit Services management.
  • Drafts findings and recommendations for the purpose of status updates, memos, and audit reports.
  • Coordinates with other audit teams (business unit, regional, and specialist) to ensure evaluations of related areas occur timely and cover key areas within the audit.
  • Provides training, coaching, and auditing expertise to the audit team.
  • Operates independently; has in-depth knowledge of business unit/function.
Desired Qualifications
  • A College or University degree.
  • 4+ years of auditing experience in a financial institution 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.