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.
Role
Audit Services is offering an exceptional opportunity for you to showcase and expand your knowledge in Credit Risk Management within the Finance and Chief Administrative Office (CAO) team, which is responsible for audit coverage across Finance, Treasury, Credit Risk, and CAO activities. You will join a global team of experts whose common goal is to provide independent and objective assurance and consulting activities that assess risks and protect the assets, reputation, and sustainability of Northern Trust.
We are seeking an eager partner to help enhance our audit strategy and grow our credit risk audit coverage by assessing key controls supporting credit risk management activities across both traditional banking and Treasury & Markets businesses, inclusive of counterparty credit stress testing, netting arrangements, credit limit monitoring, origination and underwriting, Current Expected Credit Losses (CECL) calculations, and Single Counterparty Credit Limits (SCCL) and Risk Weighted Assets (RWA) interpretations and calculations. As a subject matter expert, you will be expected to work directly with senior leaders and external regulators to build trust and assurance. In addition, you will liaise with other teams in the Audit Services Department and help strengthen the department’s skills through knowledge sharing discussions and internal training, as needed.
Through collaboration with other team members, you will assist in the end-to-end execution of audit engagements and gain exposure to senior management across Northern Trust. Success is measured through the quality of the documentation, integrity of the assessment, timeliness of deliveries, and your ability to foster relationships both internally in the Audit Services department and with key stakeholders. Experience in data manipulation, transformation, and reconciliation is essential.
Skills / Experience
- Extensive expertise in credit risk management activities via working in the first line (e.g., trading, market execution, treasury, financing or exposure management activities), second line (e.g., risk management oversight, limit setting and monitoring), and/or third line (e.g., internal audit) at a global financial services firm or through a similar regulatory supervisory role
- Skilled at confirming compliance with global credit risk regulatory requirements (e.g., Basel III, Basel III Endgame, large counterparty limits, US Regulation Q, EU Capital Requirements Regulation)
- Advanced degree in corporate finance, economics, mathematics, or statistics; or a relevant professional certification (e.g., ACA, CPA, FRM, or equivalent) is highly recommended
- Experience within Treasury & Markets, counterparty credit risk, stress testing, or related risk management activities would be highly beneficial. Knowledge of auditing techniques and approaches within the financial services industry would be advantageous, though not essential
- An ability to work in a fast-paced environment as part of a global audit team across multiple time zones and jurisdictions.
Work Authorization
Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.
Please note that Northern Trust is unable to provide visa sponsorship for this role. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme, High Potential Individual visas, Scale-up Worker visas, Temporary Worker visas, and other employer-sponsored visa categories.
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.
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 [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- Extensive expertise in credit risk management activities across first, second, or third line functions at a global financial services firm or regulatory supervisory role
- Skilled at confirming compliance with global credit risk regulatory requirements (e.g., Basel III, Basel III Endgame, large counterparty limits, US Regulation Q, EU Capital Requirements Regulation)
- Experience in data manipulation, transformation, and reconciliation
- Ability to work in a fast-paced environment as part of a global audit team across multiple time zones and jurisdictions
- Right to work in the United Kingdom at time of application and for duration of employment
- Advanced degree in corporate finance, economics, mathematics, or statistics
- Relevant professional certification (e.g., ACA, CPA, FRM, or equivalent)
- Experience within Treasury & Markets, counterparty credit risk, or stress testing
- Knowledge of auditing techniques and approaches within the financial services industry
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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