Audit Specialist - Risk and Control Enhancement

Northern Trust • Chicago, IL

2d • $114,700 - $194,900 • Remote

About The Position

Audit Services provides independent assurance over how Northern Trust manages risk, strengthens controls, and supports responsible growth. This role will bring deep operational risk and audit expertise to help shape audit validation work connected to Northern Trust’s Risk and Control Enhancement transformation program. The successful candidate will work with audit teams, business leaders, and senior stakeholders to interpret risk themes, challenge control design and effectiveness, and translate complex operational risk topics into practical audit insights.

Requirements

• 10+ years of extensive operational risk management experience, including knowledge of risk and control self-assessment and third-party risk practices.
• Proven experience applying audit, risk, or control principles within financial services or a similarly regulated environment.
• In-depth understanding of relevant regulatory expectations and how they inform audit coverage and control evaluation.
• Strong analytical, organizational, and problem-solving skills, with the ability to interpret complex information and develop practical recommendations.
• Excellent written and verbal communication skills, including the ability to present risk and control insights clearly to senior stakeholders.
• Relevant professional certification or advanced qualification, such as accounting, audit, information systems, risk, or business administration credentials.

Responsibilities

• Lead audit validation work focused on operational risk and control transformation.
• Partner with audit teams to plan, challenge, and deliver high-quality audit coverage.
• Interpret regulatory expectations, risk themes, and industry practices to guide control assessment.
• Analyze risk and control information to identify issues, insights, and practical improvements.
• Prepare clear reporting for senior leaders on audit observations and control effectiveness.
• Advise on testing approaches, issue development, and audit reporting quality.
• Coordinate with business and risk stakeholders to understand change activity and emerging risks.
• Support team capability through knowledge sharing, coaching, and participation in relevant forums.

Benefits

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed