Audit Manager - Asset & Wealth Management

001 The Northern Trust Company; Chicago (IL); Hybrid; USD 83,000 - 141,000; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Discretionary bonus program

Job summary

The Northern Trust Company is seeking an Audit Manager in a hybrid role based in Chicago. You will lead audit projects across Asset and Wealth Management, oversee audit teams, and ensure high-quality execution with strong controls testing and reporting.

Ideal candidates possess a college degree and 5+ years of auditing experience within financial institutions, with professional certification preferred. The role emphasizes independence, coaching, and risk-based auditing practices.

Qualifications

• Demonstrates professional skepticism and understanding of audit/ accounting principles.
• Strong analytical, organizational, and written communication skills.
• Professional certification such as CPA, CISA, CIA, ACA, ACCA preferred.

Responsibilities

• Operate independently on audits
• Design and lead audit execution for multiple audits
• Verify test steps aligned with controls
• Lead more complex audits and mentor junior staff
• Plan audit scope and lead walkthroughs and fieldwork
• Draft issues, reports and perform data analytics as needed

Skills

Auditing

Analytical skills

Communication

Education

Bachelor's degree in related field

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Audit Services offers financial services professionals the opportunity to work on some of the most complex and impactful issues in the industry. Our team applies insight, objectivity, and technical expertise to help protect and strengthen Northern Trust’s legacy. We are a collaborative, globally connected team of over 200 professionals.

Audit Manager

The Audit Manager is responsible for conducting and documenting audits across Asset and Wealth Management. This role leads audit project teams, which includes providing oversight to the audit team and communicating results of the engagement to management. The Audit Manager provides technical expertise and training to auditors within the engagement audit team and works closely with Senior Audit Managers to confirm the scope of the audit and to devise an appropriate testing approach to be performed during the engagement.

Major Duties

• Operate independently


• Design and lead audit execution - one or two audits simultaneously


• Verify test steps aligned with controls


• Work on more complex audits


• Contribute on other engagements outside lead role


• Mentor/Coach junior staff


• Planning: Propose audit scope


• Lead (AIC) more complex audit projects


• Develop testing approach, RCTM, and RCM


• Complete planning documents


• Complete all sections of PQ


• Hold budget meetings


• Delegate tests


• Lead walkthroughs, planning meetings


• Fieldwork: Responsible for ensuring audit engagement is meeting deadlines


• Complete highest complexity testing; Lead discussions with stakeholders on testing findings


• Perform L1 reviews on low to moderate complexity tests


• Challenge issues, propose root cause


• Reporting: Draft issues


• Draft report (including executive summary)


• Data Analytics: Identify more complex DA opportunities and assist in implementation


• Issue Validation: Performs testing


• Draft failure memo

Knowledge and Skills

Demonstrates professional skepticism and comfort with questioning how certain processes are being performed in order to facilitate making improvements. Knowledge of audit/ accounting principles usually obtained through related work experience and a four year degree program in related subject area Strong analytical, organizational, and communication skills - including effective business writing and presentation skills. Have a professional certification (e.g. CPA, CISA, CIA, ACA, ACCA)

Experience

A College or University degree and 5+ years related work experience (auditing experience in a financial institution is preferred).

Working Model

Hybrid (#LI-Hybrid) We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment‑based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment‑based visa).

Salary

Salary Range: $83,100 - 141,300 USD Salary range is a good faith estimate of base pay.

Benefits

Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well‑being benefits.

Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Reasonable Accommodation

Reasonable Accommodation Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected under federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)