Senior Audit Project Manager - Credit Risk

Job Summary

The Corporate Audit Services (CAS) Senior Audit Project Manager is a senior–level auditor responsible for leading and executing high‑quality audit engagements covering U.S. Bancorp’s credit risk management activities. This role requires deep proficiency in audit methodology and extensive experience auditing credit‑related areas within a large financial institution, delivering independent assurance and advisory services to senior management and the Audit Committee.

• 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, emphasizing 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 10 years of applicable experience.

• 5 or more years of large‑bank internal audit experience, including coverage of credit risk–related audit areas such as credit review, loan review, credit risk monitoring and reporting, CECL, credit loss forecasting, credit analytics, and regulatory or supervisory credit‑focused testing.
• Experience gained through internal audit roles, regulatory agency examinations, or credit‑focused audit work at a large public accounting or consulting firm.
• Strong understanding of banking regulations, safety‑and‑soundness expectations, and regulatory trends affecting credit risk management.
• 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.

• 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 (two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

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.

U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program in all facilities located in the United States and certain U.S. territories. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act, the San Francisco Fair Chance Ordinance, and federal regulations such as the FDIA. Certain positions may also require additional regulatory registrations or compliance checks.