Senior Audit Project Manager - Credit Risk

Senior Audit Project Manager - Credit Risk

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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.

The Corporate Audit Services (CAS) Senior Audit Project Manager is responsible for supporting the strategic direction, leadership, and coordination of CAS’s Credit Risk Review cyclical risk‑based audit plans. This role performs CAS’s assurance activities over U.S. Bancorp’s (USB) Credit Risk Review function, providing independent assessment and effective challenge of the Company’s credit activities, including the quality of the Bank’s loan portfolios (e.g., commercial, corporate, counter party, retail, etc.)

and credit related processes (credit policies, underwriting, loan administration, credit rating assignments, problem loan management, etc.). The Senior Audit Project Manager also supports the CAS Senior Audit Manager - Credit Risk in providing the Audit Committee and senior management with independent assurance and advisory services designed to evaluate and improve the effectiveness of credit risk management, control, and governance processes of USB.

• Completion of audit engagements, ensuring the highest quality work delivered in a timely manner.
• Perform audits to ensure work contains relevant facts to support audit scope and conclusions while adhering 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, including identifying & analyzing business processes, key risks and critical controls; interviewing auditees; determining audit scope; evaluating control design adequacy; and developing audit programs that provide sufficient guidance for testing control performance effectiveness.
• Assisting managers in reporting and wrap‑up phases of audits, including appropriate disposition of issues and drafting audit reports.
• 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, particularly related to credit portfolios/products, including business knowledge of products, services, delivery systems, company policies and procedures, applicable laws and regulations, and control frameworks.
• Collaborating across the three lines of defense regarding business processes, risks, and controls by coordinating audit activities with other internal audit subject matter teams to ensure appropriate and efficient coverage of business products, services and processes.
• Performing other duties as requested by management.

• Bachelor's degree, or equivalent work experience.
• Typically more than 10 years of applicable experience.

• Seven or more years of large bank credit/loan review experience through:
  • Past work in credit/loan review departments, internal audit loan review coverage, commercial loan underwriting departments at large banking institutions; regulatory agency loan review experience; or loan review experience at a large consulting firm.
• Strong knowledge of complex wholesale credit structures and processes (underwriting, loan structure, loan monitoring, credit risk rating, problem loan management, etc.).
• Strong knowledge of economic and industry events impacting banking credit…