Specialist, Audit Services

Northern Trust
London, United Kingdom
07 Jun 2019
25 Jun 2019
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

This professional will join the Capital, Liquidity, and Resolution Planning team within the Audit Services Group (Internal Audit) with responsibility for developing and executing audit engagements in the field of liquidity risk management. Based in London, the person will be responsible for the planning and delivery of liquidity risk audits on a global basis, necessitating close co-operation with other members Internal Audit team members in Northern Trust's Chicago headquarters and overseas locations. The role requires both high levels of audit expertise and knowledge of liquidity risk regulation. Given its international remit the ability to apply this expertise both on a cross-border and cross-legal entity basis is essential to the role.

The role is a direct report to an Audit Senior Manager located in Chicago and is responsible for assisting in the recruiting, retention and development process for the audit team. The Audit Specialist assists in developing the understanding and knowledge of the audit teams through coaching and mentoring.


• Lead the design of audit coverage for all aspects of liquidity risk management on a global basis
• Working with audit teams across the world, execute liquidity risk audits from initial planning, to conducting fieldwork and through to finalization of draft audit reports
• Communicate audit findings to business units, support and internal control functions, and Senior Management
• Keep abreast of updates to global liquidity risk regulation and provide guidance on the impact of those changes to audit planning and coverage
• Provide insights on risk themes identified for inclusion in Board and Committee reporting, both at corporate and legal entity levels
• Guide and coach other audit team members increase knowledge and awareness of liquidity risk concepts


• Strong auditing experience in a financial institution or in a public auditing/consulting firm, preferably with strong coverage of treasury and/or liquidity risk management functions.
• Detailed knowledge of global regulations applicable to the field of liquidity risk management, including the liquidity coverage ratio (LCR), net stable funding ratio (NSFR), and liquidity stress testing and associated governance and control requirements
• Experience dealing with cross-border and legal entity audits is highly desirable
• Professional certifications (e.g., CPA, CFA, ACA, ACCA) and/or an MBA along with demonstrated technical abilities in select areas (e.g. accounting, finance, etc.) are preferred

About Northern Trust

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.

As of December 31, 2018, Northern Trust Corporation had:

• $10.1 trillion in assets under custody/administration
• $7.6 trillion in assets under custody
• $1.1 trillion in assets under management
• $132 billion in banking assets

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