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

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

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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 (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, 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.

• 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 key 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 to recruit, hire, and develop assigned personnel in accordance with U.S. Bank Human Resources Policies and Corporate Audit Services Policies, Standards and Guidelines. 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.
• Supervise audit managers in the completion of audit engagements, ensuring the highest quality of work is delivered timely. Supervision includes:
  • Coordinating with senior audit managers and…