Credit Risk Audit Specialist in London

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.

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 at MyHRHelp@ntrs.com. We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.