Audit Project Manager - Services

Overview

At U.S. Bank, we’re on a journey to do our best. Helping customers and businesses make better and smarter financial decisions while supporting communities to grow. A career with U.S. Bank offers opportunities to discover what makes you thrive and to learn new skills from Day One.

The Corporate Audit Services (CAS) Audit Project Manager (APM) is primarily responsible for planning and conducting audit engagements, individually or as part of a team. As the lead auditor, the APM helps influence engagement scope with support from the primary audit manager, performs internal audit procedures, and prepares audit reports. This role may also involve other side projects, department initiatives, and administrative audit activities.

• Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered in a timely manner. Supervisory responsibilities include:

  • Assessing work performed by staff by providing coaching notes relevant to scope, accuracy, and completeness.

  • Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions in line with internal audit policies and procedures.

  • Reviewing issues to ensure potential exposures and significance are identified, root causes determined, and operationally effective and cost-efficient actions are developed into appropriate recommendations.

• Completing or assisting managers in planning audit engagements, including identifying and analyzing business processes, key risks, and critical controls; interviewing auditees; determining audit scope; evaluating control design adequacy; and developing audit programs that provide sufficient guidance for testing control performance and achieving audit objectives.

• Assisting managers in reporting and wrap-up phases of audits, including disposition of issues and drafting audit reports that include issues.

• Monitoring progress of audit engagements against plan and schedule; making necessary adjustments and ensuring timely completion of work and reviews to identify and disposition all issues prior to report draft issuance.

• Providing on-the-job training for staff, including business knowledge of products, services, delivery systems, company policies and procedures, applicable laws and regulations, and control frameworks.

• 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, Anti-Money Laundering, Compliance, Risk Management, Treasury, etc.) to ensure appropriate coverage of products, services, and processes; managing the team’s workload to assist other audit teams when resources are needed for high-risk areas.

• Performing other duties as requested by management.

• Bachelor’s degree, or equivalent work experience

• Typically, more than six years of applicable experience

• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact the assigned line of business

• Considerable understanding of the business line’s operations, products/services, systems, and associated risks/controls

• Considerable knowledge of Risk/Compliance/Audit competencies and ability to hold others accountable on individual projects

• Advanced process facilitation, project management, and analytical skills for complex processes

• Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls

• Advanced Financial Services Industry knowledge (e.g., Credit, Models, Regulatory Compliance, Lending, Operations, Trust, Treasury, Merchant Acquiring, Credit Cards [consumer and corporate], etc.)

• Business acumen and credibility to help business lines proactively identify and address changing workforce needs

• Excellent presentation, interpersonal, written, and verbal communication skills

• Applicable professional certifications

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

If you need a disability accommodation during any portion…