Audit Project Manager - Regulatory Compliance

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

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability insurance

Parental leave

401(k) retirement plan

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank seeks a Corporate Audit Services Audit Project Manager (APM) to lead audit engagements, plan scopes, and monitor progress with cross‑functional teams across departments.

The role emphasizes coaching staff, identifying risks, and ensuring adherence to internal policies and procedures. The position requires extensive audit experience, strong communication, and knowledge of regulatory environments within financial services.

Qualifications

• Bachelor's degree or equivalent work experience.
• Typically, more than six years of applicable experience.
• CIA, CRCM, CPA or other relevant designation is preferred.

Responsibilities

• Supervising audit staff to complete engagements on time and with high quality.
• Coaching staff on scope, accuracy, and completeness of work.
• Reviewing issues to identify exposures and develop actionable recommendations.
• Planning audits: identify risks, interview auditees, determine scope, test controls.
• Report drafting and wrap-up: communicate findings and recommendations.

Skills

Audit leadership

Internal audit

Regulatory knowledge

Project management

Communication skills

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, 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.
• 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; 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; disposition of issues and drafting audit reports which include issues.
• Monitoring progress of audit engagements against plan and schedule; 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; 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

• 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

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.

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.