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Senior Auditor I

Chicago, IL · Accounting/Finance
About The Company: 
The company has worked hard for more than a century to build a legacy of outstanding service, expertise, and integrity. From their roots as a trust bank to a global presence today-- with nearly 20,000 employees across the United States and worldwide-- their foundation of strength and stability helps clients grow with confidence. 

They are proud to be recognized for their ethical and inclusive culture. Ranked #1 for Best Employers for Diversity 2018 by Forbes, and part of the Top 50 Company for Executive Women by NAFE (2018-- for the 8th consecutive year). 

Position Overview: 
The Senior Auditor is an “Auditor-in-Charge” on the Corporate Planning and Treasury Management (CPTM) team, who will be the point person for providing direct oversight and execution of successful audit engagements.  The person performing this role will be responsible for supporting Audit Specialists and Audit Managers in developing the scope of the audit, devising an appropriate testing approach to be performed during the engagement, and leading the auditors assigned to the project to an effective outcome.  In this role, the Senior Auditor will actively engage with senior members of Northern Trust management, including those responsible for Northern Trust’s Capital Plan and Liquidity Management Program.  The role also involves utilizing technical expertise, including data analytics, and providing training to auditors within the engagement’s audit team. 

  • Experience in implementing and utilizing quantitative approaches and data analytical tools (e.g., Microsoft Excel, SAS, R) during the audit engagement; 
  • Working knowledge of capital planning, CCAR, DFAST, Basel, Treasury, liquidity risk, interest rate risk, resolution planning, balance sheet forecasting, investment portfolio, and related statistical/quantitative models. 
  • Execute testing applying both quantitative and qualitative analysis in adherence with approved scope and test steps;
  • Conduct complex, cross-functional, technically difficult, and high risk audit engagements throughout the Corporation with appropriate attention to detail;
  • Demonstrate a deep analytical approach to understand risks, controls, and identify control gaps in processes across the business unit/corporate function;
  • Lead planning for audits assigned including developing an appropriate scope that captures key/high risk areas and alignment with regulatory requirements/expectations;
  • Develop risks, controls and corresponding test steps and review those prepared by junior auditors;
  • Execute tests of  design and tests of operating effectiveness proficiently, inclusive of more advanced audit techniques involving re-performance, reconciliation, and data manipulation in order to assess the completeness and accuracy of data;
  • Ensure audit work including workpaper documentation, findings, and the final report adheres to Audit Services methodology and are clear, thorough but concise, and adequately support findings;
  • Communicate and support initial findings to senior management/stakeholders for challenge and discussion;
  • Translate initial findings into formal draft issues and audit report content and assist Audit Manager with finalizing;
  • Assist in preparation of presentations to the Board, Audit Committee and senior management;
  • Review work of junior members on the audit ensuring that auditing standards and department methodology expectations have been met
  • Perform issue validation and assist junior staff with issue validation as necessary;
  • Assist with ad hoc projects as necessary (e.g., updating audit universe auditable entities, risk-based audit cycling analysis, etc.)

Knowledge, Skills, & Abilities: 
  • Leadership and Management
  • Establish and develop strong working relationships and open communication with key stakeholders as well as Audit Managers and junior audit staff;
  • As the “Auditor-in-Charge” for a particular audit, monitor progress and budget for the audit, and escalate significant budget variances/delays to Audit Manager;
  • Take action to learn and develop skills/knowledge proactively across various auditable entities, and assist with developing junior auditors staffed on audits including providing clarification and feedback on specific tasks and workpapers;
  • Stay abreast and maintain knowledge of regulatory developments, including changes to capital and liquidity requirements, and industry trends, and assist with continuous monitoring and knowledge sharing efforts.

  • 2-3+ years of auditing experience in a financial institution or in a public auditing/consulting firm, in conjunction with relevant experience in CCAR, DFAST, Basel, Treasury, liquidity risk, interest rate risk, resolution planning, balance sheet forecasting, investment portfolio, or statistical/quantitative models;
  • Demonstrated proficiency in evidencing strong analytical, project management, and problem solving skills;
  • Strong Microsoft Excel skills;
  • Previous experience with statistical/quantitative models is highly desirable;
  • Strong business skills and general business acumen;
  • Proven ability to work independently and in a team environment;
  • Ability to work under pressure and deliver to tight deadlines;
  • Ability to adapt and react positively in a changing and dynamic work environment;
  • A College or University degree;
  • A Master’s Degree (or other graduate program) and/or FRM, PRM, CFA and/or CIA certification is preferred, but not mandatory.
April A. Estes
ProEnlist, LLC
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Please do NOT email the recruiter.  Applications are only accepted via the apply link.
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