Audit Project Manager - CAS Services

Overview

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. 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 the primary audit manager, performs internal audit procedures, and prepares audit reports. This individual may also be involved in other side projects, department initiatives, and other administrative audit activities.

• Supervises audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes:
• 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 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. Includes 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.
• Assists managers in reporting and wrap-up phases of audits. Includes appropriate disposition of issues and drafting audit reports which include issues.
• Monitors progress of audit engagements against plan and schedule. Includes 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.
• Provides on-the-job training for staff. Includes business knowledge of products, services, and delivery systems; company policies and procedures; applicable laws and regulations; and formal/informal control frameworks.
• Collaborates 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.
• Manages the team’s workload to assist other audit teams when resources are needed for areas of higher risk.
• Performs other duties as requested by management.

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

• 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
• Advanced Financial Service Industry knowledge (e.g., Credit, Models, Regulatory Compliance, Lending, Operations, Trust, Treasury, Merchant Acquiring, Credit Cards [consumer and corporate], etc.)
• Business acumen and credibility to help business line(s) proactively…