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About the Role
Audit Services is offering an exceptional opportunity to showcase and expand knowledge in Credit Risk Management within the Finance and Chief Administrative Office (CAO) team. This role involves assessing key controls supporting credit risk management activities across traditional banking and Treasury & Markets businesses, including counterparty credit stress testing, netting arrangements, credit limit monitoring, origination and underwriting, CECL calculations, and SCCL and RWA interpretations and calculations. The subject matter expert will work directly with senior leaders and external regulators, liaise with other teams in Audit Services, and strengthen the department’s skills through knowledge sharing and internal training.
Responsibilities
- Enhance audit strategy and grow credit risk audit coverage.
- Assess key controls supporting credit risk management activities.
- Work directly with senior leaders and external regulators.
- Liaise with other teams in the Audit Services Department.
- Strengthen the department’s skills through knowledge sharing discussions and internal training.
- Assist in the end-to-end execution of audit engagements.
- Gain exposure to senior management across Northern Trust.
Requirements
- Extensive expertise in credit risk management activities via working in the first line (e.g., trading, market execution, treasury, financing or exposure management activities), 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).
- An ability to work in a fast-paced environment as part of a global audit team across multiple time zones and jurisdictions.
- Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment.
- Northern Trust is unable to provide visa sponsorship for this role.
Skills
- Credit Risk Management
- Data manipulation
- Data transformation
- Data reconciliation
- Compliance with global credit risk regulatory requirements
- Auditing techniques and approaches within the financial services industry
Location
- United Kingdom
Work Type
- Full-time
Experience Level
- Extensive expertise
Education Level
- Advanced degree in corporate finance, economics, mathematics, or statistics; or a relevant professional certification (e.g., ACA, CPA, FRM, or equivalent) is highly recommended
Benefits
- Flexible and collaborative work culture
- Movement within the organization is encouraged
- Senior leaders are accessible
- Commitment to an inclusive workplace
- Assisting the communities we serve
- Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture.
About the Company
- Northern Trust is a global leader in innovative wealth management, asset servicing, asset management and banking services.
- Founded in 1889, the company is guided by three enduring principles: Service, Expertise, and Integrity.
- Northern Trust has over 135 years of financial experience and over 24,000 partners.
- The company serves sophisticated clients using leading technology and exceptional service.
- Northern Trust has a strong history of financial strength and stability.
- Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture.
Equal Opportunity
- Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities.