Asset & Wealth Management Audit Specialist

ACCA Careers; Chicago (IL); Hybrid; USD 115,000 - 195,000; Full time

Job summary

Northern Trust in the United States is seeking an Audit Specialist to conduct and document audits across Asset and Wealth Management. The role emphasizes applying analytical techniques to identify risks and strengthen controls across complex financial services processes.

You will lead audits, provide subject matter guidance, and collaborate with management to discuss findings and remediation. A strong background in internal auditing standards and regulatory knowledge is essential for success.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Information Systems, Economics, or related field.
• 10+ years of experience in internal audit, risk management, compliance, public accounting, or financial services.
• Experience auditing Asset Management and/or Wealth Management activities preferred.
• Prior experience as lead auditor, senior auditor, audit manager, risk specialist, or subject matter expert preferred.

Responsibilities

• Support the development and execution of risk-based audit coverage over Asset Management and Wealth Management activities, leveraging subject matter expertise to identify key risks, controls, and emerging themes.
• Serve as a subject matter resource for audit engagements involving investment management, fiduciary services, wealth management, portfolio administration, client servicing, and supporting business processes.
• Participate in audits, issue validations, risk assessments, continuous monitoring activities, and advisory engagements in roles ranging from lead auditor to technical specialist.
• Assist Audit Services management in evaluating emerging risks, regulatory developments, industry trends, and business changes impacting the AMWM portfolio.
• Provide technical guidance to audit teams regarding business processes, products, risks, controls, and regulatory requirements within assigned areas of expertise.
• Review and evaluate the design and effectiveness of governance processes, risk management activities, and internal controls across business units.
• Analyze audit results and identify themes, trends, and potential areas requiring additional audit coverage or management attention.

Skills

Auditing standards

Risk management

Regulatory knowledge

Analytical skills

Report writing

Communication skills

Education

Bachelor's degree in Accounting/Finance/Business

Job description

Northern Trust in the United States is seeking an Audit Specialist to conduct and document audits across Asset and Wealth Management. The role emphasizes applying analytical techniques to identify risks and strengthen controls across complex financial services processes.

You will lead audits, provide subject matter guidance, and collaborate with management to discuss findings and remediation. A strong background in internal auditing standards and regulatory knowledge is essential for success.