Audit Services Specialist

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. The Audit Specialist is a subject matter expert with a strong technical understanding of products, services, or regulations within the financial services industry. In addition to providing technical expertise, the Audit Specialist participates in audit engagements, including planning, reviewing and challenging audit scope, guiding audit teams on testing activities, and drafting and reviewing audit reports and Board materials. The role ensures senior management and Boards receive actionable insights highlighting key risks within the specialist's area(s) of expertise while ensuring reports meet audit requirements and departmental standards. Reporting directly to an Audit Director, the Audit Specialist supports the recruitment, retention, and development of the audit team, with a strong focus on enhancing the team's technical knowledge and capabilities. The role also contributes to improving operational efficiency and strengthening the design and operating effectiveness of Northern Trust's internal control environment through technical expertise and specialized project work. Major Duties • Provide strategic thought leadership in designing audit coverage strategies across all aspects of the specialist's area(s) of expertise. • Draft Board reporting at both legal entity and corporate levels, providing insight into key risks and themes identified by Audit. • Interact with global regulators to articulate Audit's perspective, coverage approach, and assessment of business processes and activities. • Serve in various roles on audit engagements, including subject matter expert, consultant, or oversight reviewer, based on engagement needs. • Provide technical expertise to audit teams and promote sound audit practices. • Maintain knowledge and technical expertise of assigned business unit(s), including organizational structure, personnel, products, activities, financial performance, emerging risks, and new product development. • Monitor regulatory developments and provide guidance on their impact to the audit plan and audit coverage. • Partner with and present to Senior and Executive Management to understand business risks, organizational changes, and significant events that may impact the…