At a Glance
- Tasks: Join a global team to assess and enhance credit risk management processes.
- Company: Northern Trust, a leader in financial services with a commitment to excellence.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Dynamic role with exposure to senior leaders and a focus on teamwork.
- Why this job: Make a real impact in credit risk management while collaborating with industry experts.
- Qualifications: Experience in credit risk management and strong analytical skills required.
The predicted salary is between 55000 - 65000 € per year.
Audit Services is offering an exceptional opportunity for you to showcase and expand your knowledge in Credit Risk Management and 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 credit risk management processes, inclusive of credit monitoring and ongoing review, counterparty stress testing, Current Expected Credit Losses (CECL) calculations, Single Counterparty Credit Limits (SCCL) monitoring, and Risk Weighted Assets (RWA) interpretations and calculations.
As a subject matter expert, you will liaise with other teams in the Internal Audit Department and assist in improving the department's skills through knowledge share discussions and internal training, as needed. In addition, you will be expected to work directly with senior leaders and external regulators to build trust and assurance.
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 the deliveries, and your ability to foster relationships both internally in the audit department and with key stakeholders.
Experience in data manipulation, transformations, and reconciliations is essential.
- Extensive expertise in credit risk management activities via working in the first line (e.g., complex credit origination, asset and liability management), 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 an accounting certification (e.g., ACA, CPA, or equivalent) is highly recommended.
- 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.
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center.
Credit Risk Audit Specialist - Northern Trust in London employer: Jobs via eFinancialCareers
Northern Trust is an outstanding employer that fosters a collaborative and inclusive work culture, providing employees with the opportunity to grow their expertise in Credit Risk Management while working alongside a global team of professionals. With a strong commitment to employee development, Northern Trust offers extensive training and knowledge-sharing initiatives, ensuring that you can enhance your skills and advance your career in a supportive environment. Located in a dynamic financial hub, the company also prioritises work-life balance and offers reasonable accommodations for individuals with disabilities, making it an ideal place for meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Audit Specialist - Northern Trust in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those at Northern Trust. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit risk management. Be ready to discuss how your experience aligns with their needs, especially around compliance and regulatory requirements.
✨Tip Number 3
Showcase your skills in data manipulation and analysis during interviews. Bring examples of how you've tackled similar challenges in the past, as this will demonstrate your expertise and problem-solving abilities.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team at Northern Trust.
We think you need these skills to ace Credit Risk Audit Specialist - Northern Trust in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Credit Risk Audit Specialist role. Highlight your expertise in credit risk management and any relevant regulatory knowledge to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about credit risk management and how you can contribute to our team at Northern Trust. Be genuine and let your personality come through.
Showcase Your Achievements:When detailing your experience, focus on specific achievements that demonstrate your skills in data manipulation and audit processes. Numbers and results speak volumes, so don’t shy away from sharing your successes!
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and ensure it gets into the right hands!
How to prepare for a job interview at Jobs via eFinancialCareers
✨Know Your Credit Risk Basics
Make sure you brush up on your credit risk management knowledge. Understand key concepts like CECL calculations and SCCL monitoring, as these will likely come up in conversation. Being able to discuss these topics confidently will show that you're serious about the role.
✨Showcase Your Audit Experience
Prepare to talk about your previous audit experiences, especially in relation to credit risk. Think of specific examples where you assessed risks or improved processes. This will help demonstrate your expertise and how you can contribute to the team.
✨Build Relationships
Since this role involves liaising with senior leaders and external regulators, be ready to discuss how you've built trust and rapport in past roles. Highlight any collaborative projects you've worked on and how you fostered strong working relationships.
✨Demonstrate Data Skills
Given the emphasis on data manipulation and reconciliations, be prepared to discuss your experience with data analysis. Bring examples of how you've used data to inform decisions or improve audit outcomes, as this will be crucial for the role.
