Audit Project Manager – Wealth, Corporate, Commercial and Institutional Banking

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.

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U.S. Bank Corporate Audit Services (CAS) is seeking a strong candidate to join our growing team of audit professionals supporting the Wealth Management and Investment Services team. This role will support development and implementation of an audit coverage strategy for Personal Trust and Institutional Investment Services products and services, key risk and regulatory themes spanning fiduciary and asset management topics, and continuous monitoring of strategic initiatives and business changes.

The audits conducted by the candidate support execution of the Audit Committee’s approved plan and provide Senior Management with recommendations to strengthen key business processes and provide independent opinions on the Company’s governance, risk management framework and supporting control processes.

The Corporate Audit Services Audit Project Manager is also responsible for partnering with U.S. Bank’s Wealth Management and Investment Services businesses and other Risk/Compliance/Audit (RCA) professionals to create, implement, maintain, review or oversee an effective risk management framework. This role leads risk‑based audit projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations; identifies gaps and provides informed solutions that minimize losses resulting from inadequate internal processes, systems or human errors;

identifies, responds and/or escalates risks as appropriate. The CAS Audit Project Manager serves as a functional liaison between the Line of Business and the Lines of Defense.

This role is responsible for leading and coordinating the execution of the audit plan across personal trust and wealth management auditable entities, with additional exposure to investment management and fiduciary activities. The Audit Project Manager oversees end‑to‑end audit delivery, ensuring projects are executed on time, within scope, and in alignment with internal audit methodology and regulatory expectations.

The Audit Project Manager guides risk assessment activities, oversees walkthroughs and process documentation, and ensures high‑quality evaluation of control design and operating effectiveness. The role requires strong experience assessing regulatory, operational, and governance controls, developing detailed process flows, and identifying control gaps that inform impactful audit outcomes.

In addition to project oversight, the Audit Project Manager drives the integration of data analytics and emerging AI‑enabled techniques to enhance audit coverage, efficiency, and insights. The role partners closely with stakeholders, manages team assignments and progress, reviews work papers, and provides coaching to ensure audit quality and consistency.

• Partners with assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to create, implement, maintain, review or oversee an effective risk management framework.
• Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations; identifies gaps and informs solutions that minimize losses resulting from inadequate internal processes, systems or human errors.
• Identifies, responds and/or escalates risks as appropriate.
• Serves as a functional liaison between the Line of Business and the Lines of Defense.

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

• Advanced knowledge of fiduciary responsibilities related to 12 CFR 9.
• Applicable professional…