Senior Audit Manager – Transformation Initiatives and Digital

Key Skills

AWS, Docker, Large Language Models - LLMs, Natural Language Processing (NLP), NumPy, Pandas, Python Programming, Scikit-learn

Job Description

U.S. Bank Corporate Audit Services (CAS) is seeking a strong candidate to join our growing team of audit professionals within the Digital, Technology and Operations Services team. This position will support audit coverage of Transformation Initiatives and the U.S. Bank Digital Organization, including audits of the bank’s digital channels, emerging technologies and innovation projects including Mobile Banking, Online Banking, Digital Wallet, Open Banking (Application Programming Interface (API)), Artificial Intelligence, and Voice Assistant. 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 ensure a successful transformation.

The Corporate Audit Services Senior Audit Manager supports the audit director and chief audit executive, in providing the Audit Committee and senior management with independent assurance and advisory services designed to evaluate and improve the effectiveness of risk management, control, and governance processes of U.S. Bancorp (USB), affiliates, wholly owned subsidiaries and entities where USB owns a majority (controlling) interest.

The Senior Audit Manager is also expected to maintain an effective continuous monitoring program to assess the Company’s risk and control environment and make adjustments to the audit plan, develop and deepen relationships with key internal and external stakeholders that include, but are not limited to: senior management; internal control partners; regulatory agencies; external auditors; external subject matter experts; and industry peers.

The Senior Audit Manager will lead a team of audit professionals and/or managers and is responsible for managing assigned personnel in accordance with U.S. Bank Human Resources policies and internal audit policies and procedures to achieve audit plan completion. The Senior Audit Manager is expected to recruit, hire, and develop assigned staff to ensure audit engagements are completed in conformance with internal audit policies and procedures.

Primary Responsibilities:

• Lead the monitoring of the most relevant Transformation initiatives within the bank and coordinate assurance coverage across audit teams by integrating and working alongside the transformation project management teams, providing real time business process controls reviews, and risk identification
• Continuing to develop and share knowledge, within CAS, related to the Financial Service Industry, emerging technologies, and transformation practices.
• Supervising audit team in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes:
• Planning audit engagements.
• Assessing work performed by the audit team.
• Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.
• Reviewing audit reports which communicate audit opinions and audit issues in a timely, clear and concise manner.
• Monitoring progress of audit engagements against plan and schedule and making necessary adjustments.
• Completing or assisting the audit director in developing the risk-based audit plan. Includes identifying auditable entities and assessing risk within the auditable entities; determining appropriate audit cycles and audit strategy; and determining necessary audit resources and estimated expenses associated with completion of a forward looking 12-18 month audit plan. Also includes performing continuous monitoring activities (working closely with senior management and risk management) and adjusting the audit plan when appropriate.
• Preparing and reviewing board, committee, and other stakeholder reporting for completeness, consistency with other internal audit materials, and accuracy of the most up-to-date information, not limited to information internal audit is reporting.
• Interacting regularly with business line and risk management leaders, regulators, and external subject matter experts. Participating regularly, networking, and showing leadership within industry peer groups. Participating and presenting as needed at executive and senior management operating committee meetings.
• Collaborating 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, Banking Products, Operations, Compliance, Anti-Money Laundering, Risk Management, Treasury, 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.
• Managing, motivating, and developing assigned personnel in accordance with U.S. Bank Human Resources policies and internal audit policies and procedures. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing quarterly performance feedback and annual performance evaluations for assigned personnel. Also includes addressing performance problems promptly
• Performing other duties as requested by management.

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at a U.S. Bank location, while having flexibility on their work location for the other working days

Preferred Skills/Experience:

• Bachelor's degree, or equivalent work experience

• Typically, ten or more years of experience in an applicable risk management

• Expert Financial Service Industry knowledge (e.g., Digital Banking, Fraud, Banking Products, Regulatory Compliance, Operations, etc.) and experience from a financial institution with more than $500 billion in consolidated assets.

• Advanced knowledge digital transformation principles and concepts, including agile, scrum, and user experience design

• Advanced knowledge of information security and systems, application controls and emerging technology utilization including but not limited to artificial intelligence, machine learning, deep learning, advanced process automation, cloud and application program interfaces

• Expert understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls

• Excellent verbal and written communication skills, relationship building and negotiation skills. Ability to manage stressful situations

• Ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance).

• Ability to independently address unique and complex conflicts with business line and effectively negotiate as needed

CIA, CISA, CPA, PMP (Project Management Professional), CSM (Certified Scrum Master) or other relevant professional designation or advanced degree.

Proven leadership skills.

Proven adaptability to changing priorities

Strong critical thinking and analytical skills.

Ability to manage multiple tasks and deadlines simultaneously

INDMO

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• 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 (from 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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster. 

E-Verify

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. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $125,715.00 - $147,900.00 - $162,690.00