Manager II, Wealth Management, Audit Services in Chicago, IL

$$250K+(Ladders Estimates)

Northern Trust   •  

Chicago, IL 60601

Industry: Finance & Insurance


15+ years

Posted 61 days ago

This job is no longer available.

The successful individual will build and maintain vital relationships with the business, operational, and corporate teams. This individual will also manage a team of approximately four plus partners with potential for future growth.


Leadership and Management

  • Provide strategic thinking, thought leadership, and guidance on identifying key risks and assessing the design and operating effectiveness of the controls supporting the personal investment, banking, and trust and advisory functions to the Wealth Management audit team
  • Plan, oversee, and direct the activities of the Wealth Management audit team to achieve the Corporation's objectives, and for timely reporting on Audit Services matters to management and appropriate governance bodies
  • Establish strong working relationships and communications with key stakeholders globally
  • Develop periodic goals and set short-term priorities for the Wealth Management audit team
  • Set clear and measureable goals and objectives for individuals, ensuring performance assessments are completed in line with corporate requirements
  • Conduct performance management and career development processes, and provide input on staffing objectives, disciplinary actions and staff training needs
  • Provide comprehensive consulting and leadership to team members and partners
  • Ensure that any apportionment of responsibilities within the team is effective and appropriate
  • Encourage an environment of employee participation, teamwork, and open communication
  • Maintain active involvement with executive and oversight committees, including as a member of such as deemed appropriate
  • Demonstrate behaviours that reinforce the values and ethical standards of the Corporation at all times
  • Manage and develop a highly efficient and high performing Audit Services team


  • Ensure that deliverables are issued accurately, completely, and timely to stakeholders
  • Develop and review monthly metrics and ensure key messages are communicated to stakeholders
  • Demonstrate a deep analytical approach by connecting the dots and identifying trends of activities across the business unit/corporate function
  • Evolve the Audit Plan by identifying new coverage areas and challenging scoping of auditable entities
  • Challenge the audit team on audit coverage including comprehensiveness of risks, controls, and corresponding test steps
  • During audit engagements, assigns work to auditors, sets priorities and monitors activity
  • Ensure audit work including workpaper documentation, findings and recommendations and the final report adheres to the Corporation's/Department's Policies and Standards
  • Communicate and support a point of view to senior management/stakeholders for challenge and discussion
  • Anticipate the needs or questions/concerns of the audience and communicating actively
  • Actively listen to internal and external stakeholders and open to diverse ideas
  • Attend to detail in preparation and execution of communications; providing guidance to staff in their preparation
  • Maintain familiarization and technical expertise Wealth Management industry as well as line of business including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas
  • Lead status meetings and discussions of initial audit findings with stakeholders
  • Finalize draft issues and draft audit report
  • Drives communication to the appropriate level based on risk and impact
  • Monitor audit team members' time, and escalates significant budget variances/delays
  • Identify staffing needs, performs interviews and makes employment recommendations
  • Assist in preparation of presentations to the Board, Audit Committee and company management
  • Taking action to learn and develop skills/knowledge proactively, and managing others to develop
  • Conduct and/or manage special projects and ad hoc requests to support Northern Trust senior management


Required Skills

  • Bachelor's degree in a relevant discipline is required, advanced degree (e.g., MBA, JD) preferred
  • Auditing and/or systems experience in a financial institution or similar public accounting experience with at least 15 years PQE is required
  • Professional certifications (e.g., CPA, CFP, CTFA, CIA) are preferable, but not mandatory
  • Experience in executing or auditing private banking, investment, and trust activities (e.g. banking services, lending, trust administration, portfolio management), with knowledge of risks and controls of these activities, including operational, fiduciary, and compliance risks.
  • Basic knowledge of accounting principles and related work experience preferred.

Valid Through: 2019-9-13