At a Glance
- Tasks: Join a global team to assess and enhance credit risk management processes.
- Company: Northern Trust, a Fortune 500 financial institution with over 130 years of experience.
- Benefits: Flexible work culture, career growth opportunities, and commitment to community service.
- Other info: Dynamic environment with opportunities for knowledge sharing and professional development.
- Why this job: Make a real impact in credit risk management while collaborating with senior leaders.
- Qualifications: Experience in credit risk management and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 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 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.
Skills / Experience
- 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.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose. We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.
Reasonable accommodation
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.
Audit Specialist, Credit Risk in London employer: Northern Trust Corp
Northern Trust Corp. is an excellent employer, offering a dynamic work environment in Greater London that encourages innovative thinking and flexibility. Employees benefit from a strong commitment to community service, alongside ample opportunities for professional growth within the Asset Management sector. Joining our team means being part of a stable organization that values resilience and collaboration, making it a rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Audit Specialist, Credit Risk in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Northern Trust on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your credit risk management knowledge. Be ready to discuss specific experiences that showcase your skills in areas like stress testing and compliance with regulations. We want to see your expertise shine!
✨Tip Number 3
Show your enthusiasm for the role! When you get the chance to speak with interviewers, express why you’re excited about working in audit services and how you can contribute to enhancing their credit risk audit coverage.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Northern Trust team.
We think you need these skills to ace Audit Specialist, Credit Risk in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Credit Risk Audit Specialist role. Highlight your relevant experience in credit risk management and any auditing techniques you've used. We want to see how your skills align with what we're looking for!
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. Be genuine and let your personality come through – we love that!
Showcase Your Skills:Don’t forget to highlight your data manipulation and reconciliation skills in your application. These are essential for the role, so give us examples of how you've used these skills in past experiences. We’re keen to see your expertise!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Northern Trust Corp
✨Know Your Credit Risk Basics
Make sure you brush up on key concepts in credit risk management, such as CECL calculations and RWA interpretations. Being able to discuss these topics confidently will show that you're not just familiar with the jargon but understand how they impact the audit process.
✨Showcase Your Audit Experience
Prepare specific examples from your past roles where you've successfully conducted audits or assessments. Highlight your experience with compliance and regulatory requirements like Basel III, as this will resonate well with the interviewers at Northern Trust.
✨Demonstrate Your Data Skills
Since data manipulation and reconciliation are crucial for this role, be ready to discuss your experience with data analysis tools and techniques. Bring examples of how you've used data to inform your audit decisions or improve processes.
✨Build Rapport with Interviewers
Remember, Northern Trust values relationships. During the interview, engage with your interviewers by asking insightful questions about their audit strategies and team dynamics. This shows your interest in collaboration and helps you stand out as a candidate who fits their culture.
