Audit Project Manager - Regulatory Compliance

US Bank; Minneapolis (MN); On-site; USD 95,000 - 130,000; Full time

Job summary

U.S. Bank is seeking an Audit Project Manager to lead and conduct internal audits within Corporate Audit Services. You will plan engagements, identify key risks, supervise staff, and deliver high-quality audit reports while coordinating with cross-functional teams across risk disciplines.

The role requires substantial audit experience in a banking environment, strong communication, and project-management skills. On-site presence at a U.S. Bank location is expected multiple days per week.

Qualifications

• Bachelor's degree or equivalent work experience.
• Typically, more than six years of applicable experience.
• CPA/CRCM/CIA or advanced degree preferred.

Responsibilities

• Lead and supervise audit engagements to ensure high quality work.
• Plan audits, identify risks, and determine scope and controls.
• Draft audit reports and coordinate wrap-up activities.
• Coordinate with IT, AML, Compliance, Risk Management and others.
• Monitor progress and adjust as needed to meet deadlines.

Skills

Communication skills

Analytical thinking

Adaptability

Multi-tasking

Project management

Education

Bachelor's degree

Equivalent experience

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, prepares audit reports, monitors progress of audit engagements against plan and schedule, and assesses work performed by the audit engagement team to ensure engagements are completed in conformance with internal audit policies and procedures. This individual may also be involved in other side projects, department initiatives, and other administrative audit activities.

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

• Previous experience in internal audit within a banking environment or large financial institution
• Excellent verbal and written communication skills.
• Strong critical thinking and analytical skills.
• Proven adaptability to changing priorities.
• Ability to manage multiple tasks and deadlines simultaneously.
• 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.
• CIA, CRCM, CPA or other relevant professional designation or advanced degree.

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

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

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