Audit Project Manager-Consumer Banking Operations Job Minneapolis area,Minnesota USA,Finance & 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.

Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

U.S. Bancorp Corporate Audit Services (CAS) welcomes applications from talented professionals to join our growing Digital, Technology, and Operations audit team. This position will support audit coverage of the Consumer, Business and Treasury Operations (CBTO) business line. Operations provides direct support to Consumer and Business Banking, Payment Services, and Wealth Management and Investment Services business lines, and centralized support for commercial lending, electronic payments, print, cash and check services, and call center activities.

Primary

Responsibilities

Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely.

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 and 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.

Assisting the managers in reporting and wrap‑up phases of audits. Includes appropriate disposition of issues and drafting audit reports which include issues.

Monitoring 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.

Providing 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.

Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating audit activities by integrating other internal audit subject matter teams (product/service, technology, compliance, financial crimes, 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.

Expand use of data analytics by the Operations audit team.

Performing other duties as requested by management.

Basic Qualifications

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

Preferred Skills/Experience

Considerable knowledge of Consumer Banking Products (Mortgage, HELOC, Auto Finance, Leasing, Unsecured Loans and Lines of Credit, Deposits) operations and related regulatory requirements.
Knowledge of bank operations, products/services, systems, and associated risks/controls
Considerable knowledge of Risk/Compliance/Audit competencies
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact bank operations
Strong process facilitation, project management, and analytical skills
Ability to manage multiple tasks and deadlines simultaneously
Must possess business acumen and…