Audit Manager – Asset & Wealth Management

Northern Trust; Chicago (IL); On-site; USD 83,100 - 141,300; Full time

Benefits offered by this job

401k and pension benefits

Medical, dental, vision insurance

Paid time off

Parental and caregiver leave

Life and accident insurance

Discretionary bonus program

Job summary

Northern Trust seeks an Audit Manager in Chicago who will oversee auditing across Asset and Wealth Management. The role emphasizes independent operation, mentorship of junior staff, and efficient communication of audit results.

The ideal candidate has 5+ years of related experience, a four-year degree, and professional certification. The position offers a hybrid working model, competitive salary range from $83,100 to $141,300, and a comprehensive benefits package including retirement options and a discretionary bonus program.

Qualifications

• 5+ years of auditing experience, preferably in a financial institution.
• Knowledge of audit/accounting principles.
• Ability to operate independently on audit projects.

Responsibilities

• Lead audit project teams and communicate results.
• Design and execute audits, ensuring alignment with controls.
• Draft audit reports and executive summaries.
• Mentor junior staff and manage stakeholder discussions.

Skills

Professional skepticism

Analytical skills

Organizational skills

Communication skills

Effective business writing

Presentation skills

Education

Bachelor's degree in a related subject

Tools

CPA, CISA, CIA, ACA, ACCA certifications

Job description

About the Role

The Audit Manager is responsible for conducting and documenting audits across Asset and Wealth Management. This role leads audit project teams, providing oversight to the audit team and communicating results of the engagement to management.

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 & 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 of related work experience (auditing experience in a financial institution is preferred).

Working Model

Hybrid

Salary Range

$83,100 - 141,300 USD

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.

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.