Audit Project Manager - Payment Services

U.S. Bank; Minneapolis (MN); Hybrid; USD 98,000 - 116,000; Full time

Job summary

A leading financial institution is seeking an Audit Project Manager in Minneapolis to lead audit engagements and supervise audit staff. This role requires over six years of experience in auditing, a Bachelor's degree, and strong analytical and communication skills. The position offers a flexible hybrid work environment with in-office days expected three or more times weekly.

Benefits

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement plan

Paid vacation (up to five weeks)

Qualifications

• More than six years of applicable experience in audit management.
• Considerable knowledge of laws and regulations impacting financial services.
• Advanced process facilitation and project management skills.

Responsibilities

• Plan and conduct audit engagements as lead auditor.
• Supervise audit staff and ensure quality work.
• Collaborate with multiple internal audit teams.

Skills

Project management

Analytical skills

Communication skills

Knowledge of financial services

Risk management knowledge

Education

Bachelor's degree

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

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 primary audit manager, performs internal audit procedures, and prepares audit reports. This individual may also be involved in other side projects, department initiatives, and other administrative audit activities.

Duties

• 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 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 prepare 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

• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their 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 Service 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 line(s) proactively identify and address changing workforce needs.
• Excellent presentation, interpersonal, written and verbal communication skills.
• Applicable professional certifications.

The role offers a hub schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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.

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:

• 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.

Pay Range: $98,175.00 - $115,500.00.