Senior Audit Manager – ERM & IRRA

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

The Corporate Audit Services Senior Audit Manager supports the audit director and chief audit executive, in providing the Audit Committee and senior management with independent assurance and advisory services designed to evaluate and improve the effectiveness of risk management, control, and governance processes of U.S. Bancorp (USB), affiliates, wholly owned subsidiaries and entities where USB owns a majority (controlling) interest.

The Senior Audit Manager manages audit staff, which may include audit managers on audits to resolve highly complex and unique challenges requiring in depth evaluation across multiple areas of the enterprise. Individually manage defined audits within one or more segments of the audit plan and execute rolling planning activities to drive audit plan for assigned areas of responsibility. Demonstrates critical thinking, strategic mindset and leads and supports change. Manages business partner relationships for a wide portfolio.

Key Responsibilities:

·        Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes:

o   Planning audit engagements.

o   Assessing work performed by lead auditors.

o   Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adheres to internal audit policies and procedures.

o   Drafting audit reports which communicate audit opinions and audit issues in a timely, clear and concise manner.

o   Monitoring progress of audit engagements against plan and schedule and making necessary adjustments.

·        Completing or assisting the audit director in developing the risk-based audit plan. Includes identifying auditable entities and assessing risk within the auditable entities; determining appropriate audit cycles and audit strategy; and determining necessary audit resources and estimated expenses associated with completion of a forward looking 12–18-month audit plan. Also, it includes performing continuous monitoring activities (working closely with senior management and risk management) and adjusting the audit plan when appropriate.

·        Preparing and reviewing board, committee, and other stakeholder reporting for completeness, consistency with other internal audit materials, and accuracy of the most up-to-date information, not limited to information internal audit is reporting.

·        Interacting regularly with business line and risk management leaders, regulators, and external subject matter experts. Participating regularly, networking, and showing leadership within industry peer groups.  Participating in and presenting as needed at executive and senior management operating committee meetings.

·        Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating audit activities by integrating other internal audit subject matter teams (Information Technology, Compliance, Risk Management, Treasury, etc.) to ensure appropriate and efficient coverage of the business products, services, and processes. Managing the team’s workload to assist other audit teams when resources are needed for areas of higher risk.

·        Managing, motivating, and developing assigned personnel in accordance with U.S. Bank Human Resources policies and internal audit policies and procedures. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing quarterly performance feedback and annual performance evaluations for assigned personnel. Also includes addressing performance problems promptly.

·        Performing other duties as requested by management.

Preferred Skills/Experience:

·        Excellent verbal and written communication skills, capable of presenting to senior management (including committees).

·        15+ years of applicable Audit including audit of Risk Management / Enterprise Risk Audit experience.

·        Subject matter expert for domain of risk management audit portfolio ownership.

·        Considerable knowledge of Risk Management, Enterprise Risk management requirements for financial institutions; applicable OCC (Heightened Standards) and FRB regulations.

·        Strong critical thinking and analytical skills.

·        Ability to manage multiple tasks and deadlines simultaneously.

·        Ability to provide leadership and support in talent development of staff.

·        Proven adaptability to changing priorities and evolving regulatory expectations in industry and international jurisdictions.

·        Advanced ability to identify resource allocation and budgeting through annual audit planning process.

·        Advanced ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance).

·        Advanced ability to independently address unique and complex conflicts with business lines and effectively negotiate as needed.

·        Broader understanding of various financial (credit, market, liquidity, interest rate etc.). and operational risks impacting banking and financial institutions.

·        Expert understanding of The Institute of Internal Auditors Global Internal Audit Standards and the common definition of internal controls.

·        CIA, CPA or other relevant professional designations or advanced degrees.

Location Expectations:

This role requires working from a U.S. Bank location three (3) or more days per week. 

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.