Senior Audit Manager – Financial Crimes

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 a team of audit staff, which may include audit managers, to resolve highly complex and unique challenges requiring in depth evaluation across multiple areas of the enterprise. Individual manages defined audits within one or more segments of the audit plan and executes 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.

• 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…