At a Glance
- Tasks: Join a global team to assess credit risk management processes and enhance audit strategies.
- 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 are essential.
The predicted salary is between 55000 - 65000 € 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 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.
Credit Risk Audit Specialist - Northern Trust in London employer: Northern Trust
Northern Trust is an exceptional employer that fosters a flexible and collaborative work culture, encouraging employee growth and movement within the organisation. With over 130 years of financial expertise, employees benefit from working alongside senior leaders and gaining exposure to a global network, all while contributing to a company committed to integrity and community service.
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 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 knowledge. Familiarise yourself with key concepts like CECL calculations and Basel III regulations. We want to see that you're not just a fit on paper but also in practice!
✨Tip Number 3
Showcase your soft skills! Northern Trust values collaboration and relationship-building. Be ready to share examples of how you've worked effectively in teams or built trust with stakeholders in your previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the Northern Trust family.
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 tell us why you're passionate about credit risk management and how your background makes you a perfect fit for Northern Trust. Be genuine and let your personality come through.
Showcase Your Achievements:When detailing your experience, focus on specific achievements rather than just duties. Use metrics where possible to demonstrate your impact in previous roles, especially in areas like compliance and audit processes.
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 Northern Trust
✨Know Your Credit Risk Stuff
Make sure you brush up on your credit risk management knowledge. Familiarise yourself with key concepts like CECL calculations and counterparty stress testing. Being able to discuss these topics confidently will show that you're not just a candidate, but a potential expert in the field.
✨Showcase Your Audit Skills
Prepare to talk about your experience with auditing techniques, especially within financial services. Think of specific examples where you've successfully assessed risks or improved processes. This will demonstrate your practical knowledge and how you can contribute to Northern Trust's audit strategy.
✨Build Relationships
Since the role involves liaising with senior leaders and external regulators, be ready to discuss how you've built trust and fostered relationships in previous roles. Highlight any collaborative projects you've worked on, as this will show your ability to work well in a team-oriented environment.
✨Be Ready for Data Discussions
Given the emphasis on data manipulation and reconciliations, prepare to discuss your experience with data analysis. Bring examples of how you've used data to inform decisions or improve processes. This will highlight your analytical skills and your fit for the role.
