Senior Audit Manager - Financial Crimes

U.S. Bank • Minneapolis, MN

1d

About The Position

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 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 manages a team of audit staff, which may include audit managers, to resolve highly complex and unique challenges requiring in depth evaluation across multiple areas of the enterprise. Individual manages defined audits within one or more segments of the audit plan and executes rolling planning activities to drive audit plan for assigned areas of responsibility. Demonstrates critical thinking, strategic mindset and leads and supports change. Manages business partner relationships for a wide portfolio.

Requirements

• Excellent verbal and written communication skills, capable of presenting to senior management (including committees)
• 15+ years of applicable Anti-Money Laundering experience
• Subject matter expert for domain of audit portfolio ownership
• Considerable knowledge of international AML and economic sanctions laws and requirements for financial institutions
• Strong critical thinking and analytical skills
• Ability to manage multiple tasks and deadlines simultaneously
• Ability to provide leadership and support in talent development of staff
• Proven adaptability to changing priorities and evolving regulatory expectations in the industry and international jurisdictions
• Advanced ability to identify resource allocation and budgeting through annual audit planning process
• Advanced ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance)
• Advanced ability to independently address unique and complex conflicts with business line and effectively negotiate as needed
• Fraud risk knowledge, particularly related to suspicious activity/transaction monitoring and reporting with fraud as a predicate offense
• Expert understanding of The Institute of Internal Auditors Global Internal Audit Standards and the common definition of internal controls
• Certified Anti-Money Laundering Specialist (CAMS) or other relevant professional designation or advanced degree

Responsibilities

• Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely.
• Supervision includes: Planning audit engagements.
• Assessing work performed by lead auditors.
• Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adheres to internal audit policies and procedures.
• Drafting 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, it 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 in 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, Compliance, 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.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees