Senior Audit Manager – ERM & IRRA

U.S. Bank; Charlotte (NC); On-site; USD 150,000 - 176,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability insurance

Parental leave

401(k) retirement plan

Paid vacation

11 paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a Senior Audit Manager within Corporate Audit Services to partner with the audit director and chief audit executive.

You will deliver independent assurance and advisory services to evaluate risk management, controls, and governance across USB and affiliates. You will lead audit staff, plan engagements, review work, draft reports, coordinate with business lines and regulators, and guide the team in risk-based audit planning while building strong relationships across the three

Qualifications

• 15+ years of applicable audit experience including risk management/audits.
• Subject matter expert in risk management audit portfolio ownership.
• Knowledge of risk management requirements for financial institutions and related regulations (OCC FRB).
• Strong analytical and critical thinking skills.
• Ability to manage multiple tasks and deadlines.
• Experience in leadership and talent development of staff.
• Adaptability to changing priorities and regulatory expectations.
• Ability to allocate resources and budget during audit planning.
• Ability to build relationships with internal peers and business lines.
• Understanding of financial and operational risks in banking.
• Knowledge of IIA standards and internal controls.
• CIA, CPA or other advanced designations.

Responsibilities

• Supervise audit staff and ensure high-quality work delivered timely.
• Plan audit engagements and assess work performed by audit leads.
• Draft audit reports communicating opinions and issues clearly.
• Monitor progress against plan and adjust as needed.
• Develop risk-based audit plans and identify auditable entities.
• Prepare and review board/committee reporting.
• Interact with regulators, risk management leaders, and industry peers.
• Collaborate across defense lines to ensure coverage and efficiency.
• Manage workload and support recruiting and performance evaluations.
• Perform other duties as requested by management.

Skills

Audit leadership

Risk management

Regulatory knowledge

Critical thinking

Communication

Project management

People development

Stakeholder management

Strategic thinking

Negotiation

Education

CIA or CPA 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

The Corporate Audit Services Senior Audit Manager supports the audit director and chief audit executive, in providing the Audit Committee and senior management with independent assurance and advisory services designed to evaluate and improve the effectiveness of risk management, control, and governance processes of U.S. Bancorp (USB), affiliates, wholly owned subsidiaries and entities where USB owns a majority (controlling) interest.

The Senior Audit Manager manages audit staff, which may include audit managers on audits to resolve highly complex and unique challenges requiring in depth evaluation across multiple areas of the enterprise. Individually manage defined audits within one or more segments of the audit plan and execute rolling planning activities to drive audit plan for assigned areas of responsibility. Demonstrates critical thinking, strategic mindset and leads and supports change. Manages business partner relationships for a wide portfolio.

Key Responsibilities

• Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes:
• Planning audit engagements.
• Assessing work performed by lead auditors.
• Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adheres to internal audit policies and procedures.
• Drafting audit reports which communicate audit opinions and audit issues in a timely, clear and concise manner.
• Monitoring progress of audit engagements against plan and schedule and making necessary adjustments.
• Completing or assisting the audit director in developing the risk-based audit plan. Includes identifying auditable entities and assessing risk within the auditable entities; determining appropriate audit cycles and audit strategy; and determining necessary audit resources and estimated expenses associated with completion of a forward looking 12-18-month audit plan. Also, it includes performing continuous monitoring activities (working closely with senior management and risk management) and adjusting the audit plan when appropriate.
• Preparing and reviewing board, committee, and other stakeholder reporting for completeness, consistency with other internal audit materials, and accuracy of the most up-to-date information, not limited to information internal audit is reporting.
• Interacting regularly with business line and risk management leaders, regulators, and external subject matter experts. Participating regularly, networking, and showing leadership within industry peer groups. Participating in and presenting as needed at executive and senior management operating committee meetings.
• 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, 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.
• Managing, motivating, and developing assigned personnel in accordance with U.S. Bank Human Resources policies and internal audit policies and procedures. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing quarterly performance feedback and annual performance evaluations for assigned personnel. Also includes addressing performance problems promptly.
• Performing other duties as requested by management.

Preferred Skills/Experience

• Excellent verbal and written communication skills, capable of presenting to senior management (including committees).
• 15+ years of applicable Audit including audit of Risk Management / Enterprise Risk Audit experience.
• Subject matter expert for domain of risk management audit portfolio ownership.
• Considerable knowledge of Risk Management, Enterprise Risk management requirements for financial institutions; applicable OCC (Heightened Standards) and FRB regulations.
• Strong critical thinking and analytical skills.
• Ability to manage multiple tasks and deadlines simultaneously.
• Ability to provide leadership and support in talent development of staff.
• Proven adaptability to changing priorities and evolving regulatory expectations in industry and international jurisdictions.
• Advanced ability to identify resource allocation and budgeting through annual audit planning process.
• Advanced ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance).
• Advanced ability to independently address unique and complex conflicts with business lines and effectively negotiate as needed.
• Broader understanding of various financial (credit, market, liquidity, interest rate etc.). and operational risks impacting banking and financial institutions.
• Expert understanding of The Institute of Internal Auditors Global Internal Audit Standards and the common definition of internal controls.
• CIA, CPA or other relevant professional designations or advanced degrees.

Location Expectations

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

Review our full benefits available by employment status here.

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: $149,515.00 - $175,900.00

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.