Audit Project Manager

U.S. Bank; Chicago (IL); On-site; USD 105,000 - 124,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and retirement plan

Paid vacation and holidays

Disability insurance

Parental leave

Life insurance

Job summary

U.S. Bank is seeking an experienced audit professional to lead audit engagements and supervise staff across the three lines of defense. You will coordinate with RCA teams to ensure effective risk management programs and regulatory compliance.

Responsibilities include planning, reviewing, and reporting on audits, coaching staff, and driving timely, high-quality work while partnering with various business lines to minimize gaps and exposures.

Qualifications

• Bachelor's degree, or equivalent work experience.
• Typically, more than six years of applicable experience.
• Industry knowledge in financial services and controls (SOX, FRS, etc.).
• Bachelor's Degree preferably in accounting or finance.
• Experience auditing risks and controls in Financial Services.
• 7+ years in internal auditing, public accounting or equivalent.
• Strong verbal and written communication skills.
• Analytical thinking and problem solving.
• Leadership and adaptability to changing priorities.
• Ability to manage multiple tasks and deadlines.
• IIA Standards understanding and internal controls knowledge (CIA/CPA or equivalent).

Responsibilities

• Supervise audit staff to ensure high-quality engagements.
• Provide coaching on scope, accuracy and completeness.
• Ensure evidence supports audit scope and conclusions.
• Identify exposures and craft cost-effective corrective actions.
• Plan engagements by analyzing processes, risks and controls.
• Report findings and draft audit reports.
• Monitor progress and timely completion of work papers.
• Provide on-the-job training for staff.
• Collaborate across lines of defense with IT, AML, Compliance, Risk, Treasury, etc.
• Adjust workload and coordinate with teams as needed.

Skills

Excellent communication

Critical thinking

Leadership

Adaptability

Multi-tasking

Education

Bachelor's degree in accounting or finance

CIA/CPA or other professional designation

Job description

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.

Job Description

Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework. Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate. Serves as a functional liaison between the Line of Business and the Lines of Defense.

Primary Responsibilities

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

• Assessing work performed by staff by providing coaching notes that are relevant to the scope, accuracy and completeness of work performed
• Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.
• Reviewing issues to ensure potential exposures and significance are included, root causes are identified, and operationally effective and cost-effective actions to address those causes are developed into appropriate recommendations.

Completing or assisting managers in planning audit engagements. Includes identifying and analyzing business processes, key risks and critical controls; interviewing auditees; determining audit scope; evaluating control design adequacy; and developing audit programs which provide sufficient guidance for testing control performance effectiveness and making evaluations which effectively achieve audit objectives.

Assisting the managers in reporting and wrap-up phases of audits. Includes appropriate disposition of issues and drafting audit reports which include issues.

Monitoring progress of audit engagements against plan and schedule. Includes making necessary adjustments and promptly completing work paper reviews on a timely basis to ensure all issues are identified and dispositioned prior to report draft issuance.

Providing on-the-job training for staff.

Includes business knowledge of products, services, and delivery systems; company policies and procedures; applicable laws and regulations; and formal/informal 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 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.

Performing other duties as requested by management.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Typically, more than six years of applicable experience

Preferred Skills/Experience

• Relevant Financial Service Industry knowledge (e.g., Accounting, Financial Reporting, Tax, SOX, M&A, Lending, Regulatory Compliance, Operations, Risk Management, etc.).
• Bachelor's Degree preferably in accounting or finance
• Experience in auditing risks and controls within Financial Services (e.g. Accounting, Tax, Financial Reporting, SOX, M&A, etc.)
• Seven or more years of experience in internal auditing, public accounting or other relevant experience.
• Excellent verbal and written communication skills.
• Strong critical thinking and analytical skills.
• Proven leadership skills.
• Proven adaptability to changing priorities.
• Ability to manage multiple tasks and deadlines simultaneously.
• Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls. CIA, CPA or other relevant professional designation or advanced degree.

Location expectations

• This role requires working from a U.S. Bank location three (3) or more days per week.
• We are hiring in the following locations:
• Chicago, IL
• Minneapolis, MN
• Charlotte, NC
• Irving, TX

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.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $105,400.00 - $124,000.00

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.