Senior Audit Manager - Wealth Management, Capital Markets and Commercial Compliance

Senior Audit Manager - Wealth Management, Capital Markets and Commercial Compliance

Join to apply for the Senior Audit Manager - Wealth Management, Capital Markets and Commercial Compliance role at U.S. Bank

The Corporate Audit Services (CAS) Senior Audit Manager – Wealth, Commercial, Capital Markets is a senior level management position that supports the Regulatory Compliance Audit Director/Senior Audit Director of the Risk Management and Compliance audit team. This role supports the Audit Director/Senior Audit Director 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 is responsible for providing strategic direction, leadership, and coordination of compliance risk coverage for USB’s Wealth, Commercial, and Capital Markets business lines with demonstrated expertise and the ability to effectively communicate requirements of laws and regulations to non‑compliance business partners and key stakeholders in the following areas:

• Wealth Management laws and regulations (e.g., Broker Dealer, Trust Services, Wealth Management, Securities and Exchange Commission (SEC) Regulations, Financial Industry Regulatory Authority (FINRA) Regulations, 12
  
  CFR9 Regulation, Investments, Wealth Operations, Private Banking)
• Capital Market laws and regulations (e.g., Broker Dealer, Trust Services, Wealth Management, SEC Regulations, FINRA Regulations, 12
  
  CFR9 Regulation, Investments, Wealth Operations, Private Banking)
• Laws and regulations applicable to Corporate and Commercial Banking business lines

The Senior Audit Manager also has strong knowledge of Compliance Management Systems.

Corporate Compliance (CC) is responsible for developing, maintaining, and tracking the implementation of CC Policies, Procedures, and Country Requirements. CC oversees USB’s compliance with applicable laws and regulations through execution of the compliance risk management framework across the first and second lines of defense, including risk identification, change management, risk assessments, management reporting, and providing consultation and credible challenge to support the development of effective business line control environments subject to compliance risk.

We are seeking an experienced senior business audit executive that has strong knowledge of audit, risk management, and regulatory expectations (e.g., Office of the Comptroller of Currency’s Heightened Standards and Federal Reserve Board’s Large Financial Institution Rating System) at large financial institutions. This individual will have skills and experience to effectively manage deliverables, own and lead the compliance risk management audit plan, provide oversight of audit activities over the risk management activities mentioned above, and deliver updates to operating committees, senior management and key stakeholders.

• Coordinating with the Audit Director/Senior Audit Director in developing and driving the execution and coordination of the risk‑based Annual Audit Plan for Wealth, Commercial, Capital Markets. Includes identifying auditable entities and assessing compliance risk across all auditable entities; determining appropriate audit cycles and audit strategy for the compliance risk framework; and determining necessary audit resources and estimated expenses associated with completion of a forward looking 12–18‑month audit plan.
  
  Maintaining an effective Continuous Monitoring Program which monitors key risks within auditable entities across multiple business lines and identifies any Hydraulic emerging/evolving risks by routinely interfacing with independent peer banks on regulatory trends and industry events. Also includes monitoring adequacy of CAS resources and adjusting the audit plan when appropriate and communicating key results of Continuous Monitoring to applicable members across CAS.
• Lead a team of managers and audit professionals and is expected…