Audit Project Manager - Credit Risk

Job Description

Senior‑level auditor responsible for leading and executing high‑quality audit engagements covering U.S. Bancorp’s credit risk management activities. The role reports to the CAS Senior Audit Manager – Credit Risk and supports independent assurance and advisory services.

• Independently lead and execute audit engagements, or supervise audit staff when applicable, ensuring timely delivery of high‑quality, well‑supported audit results.
• Review and assess audit work to confirm accuracy, completeness, relevance, and adherence to internal audit policies, procedures, and IIA Standards.
• Evaluate audit issues to ensure appropriate identification of risk exposures, root causes, and practical, effective management action plans.
• Plan audit engagements by understanding and documenting business processes, identifying key risks and controls, assessing control design and operating effectiveness, and developing audit programs that clearly support audit objectives.
• Support audit reporting and wrap‑up activities, including issue disposition and contribution to clear, concise, and well‑supported audit reports.
• Monitor engagement progress against plan and schedule, proactively addressing risks to delivery and ensuring timely workpaper reviews.
• Provide on‑the‑job coaching and technical guidance to audit staff, with emphasis on audit execution quality and credit risk subject‑matter application.
• Collaborate across the three lines of defense and with other CAS audit teams to ensure coordinated, risk‑focused, and efficient audit coverage of credit‑related activities.
• Perform other duties as assigned by management.

• Bachelor's degree or equivalent work experience.
• Typically more than eight years of applicable experience.
• Strong foundation in internal audit execution.
• Five or more years of large‑bank internal audit experience, including significant coverage of credit risk–related audit areas such as credit review, loan review functions, credit risk monitoring and reporting, CECL, credit loss forecasting, credit analytics processes, and regulatory or supervisory credit‑focused testing.
• Strong understanding of banking regulations and safety‑and‑soundness expectations.
• Working knowledge of the IIA Practice Guide on Reliance on Other Assurance Providers.
• Thorough understanding of IIA Standards and internal control frameworks.
• Exceptional written and verbal communication skills.
• Demonstrated critical thinking, professional skepticism, and analytical judgment.
• Proven ability to manage multiple priorities and adapt to changing audit plans.
• CIA or other relevant professional certification, or advanced degree, strongly preferred.

• Approximately eight years of relevant experience with a strong foundation in internal audit execution.
• Experience gained through internal audit roles, regulatory agency examinations, or credit‑focused audit work at a large public accounting or consulting firm.
• Experience in credit analytics and forecast‑driven risk management.
• Other relevant professional certifications.

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. Paid holiday opportunities. Adoption assistance. Sick and safe leave accruals.

* This role requires working from a U.S. Bank location three (3) or more days per week.

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U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.