Senior Audit Manager – Quality Assurance

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 (CAS) Senior Audit Manager – Quality Assurance is a leadership role responsible for overseeing the Internal Audit Quality Assurance and Improvement Program (QAIP) and safeguarding the consistency, credibility, and effectiveness of audit execution and reporting across the Internal Audit function. This role serves as the enterprise leader for audit quality , providing independent, objective oversight of conformance with Internal Audit policy, the Global Internal Audit Standards, and applicable regulatory expectations. The position enables Internal Audit to deliver reliable, risk‑based assurance and insight to the Board, senior management, and regulators by promoting disciplined execution, sound professional judgment, and continuous improvement at scale. The Senior Audit Manager – Quality Assurance partners closely with Audit Directors, Professional Practices, and Internal Audit leadership to identify systemic quality themes, strengthen audit methodology, enhance auditor capability, and ensure sustained readiness for regulatory and external quality assessments. This role functions as a critical control within Internal Audit , preserving independence while reinforcing trust, transparency, and accountability. RESPONSIBILITIES Lead and operationalize the Internal Audit Quality Assurance and Improvement Program (QAIP), including ongoing monitoring, internal assessments, issue validation, and coordination of external quality assessments in accordance with professional standards. Provide independent oversight of audit quality across the audit lifecycle, including planning, risk assessment, testing, issue development, reporting, and conclusion formation. Assess conformance with Internal Audit policy, professional standards, and regulatory expectations, ensuring audit conclusions are supported by sufficient, reliable, and relevant evidence. Identify systemic quality themes, trends, and root causes across audit portfolios; elevate insights to Internal Audit leadership and recommend corrective actions and enhancements. Partner with Audit Directors and Professional Practices to drive consistent application of methodology, reinforce due professional care and skepticism, and promote sound professional judgment. Strengthen Board and regulatory confidence by supporting transparent, accurate reporting on Internal Audit quality, performance, and remediation of identified quality issues. Support auditor development and capability building by providing targeted feedback, training input, and guidance on quality expectations and best practices. Maintain regulatory and stakeholder readiness by supporting examinations, validations, and inquiries related to Internal Audit quality and conformance. Contribute to continuous improvement initiatives by influencing enhancements to audit methodology, tools, templates, and governance processes based on QA insights. Lead and develop Quality Assurance team members, setting clear expectations, providing coaching, and fostering a culture of accountability, objectivity, and continuous improvement. Perform other duties as requested by the Senior Audit Director or Chief Audit Executive. SENIOR AUDIT MANAGER WILL EXHIBIT Audit Quality & Standards Expertise – Deep understanding of internal audit standards, regulatory expectations, and leading practices for audit quality and assurance in large, complex financial institutions. Professional Judgment & Objectivity – Demonstrated ability to evaluate audit work critically, apply sound judgment, and maintain independence while constructively challenging audit teams and leadership. Leadership & Influence – Proven capability to influence senior stakeholders, partner effectively across portfolios, and drive consistent quality outcomes in a matrixed environment. Analytical & Thematic Insight – Strong ability to synthesize detailed quality observations into meaningful themes, trends, and enterprise‑level insights. Communication & Presence – Clear, concise communicator with the ability to articulate quality expectations, findings, and recommendations to senior leadership and regulators.

Requirements

• Bachelor’s degree in Accounting, Finance, Business, Risk Management, or a related field.
• Twelve or more years of progressive experience in internal audit, risk management, compliance, or a related control function within a large financial institution.
• Three or more years of experience leading teams or complex audit, quality, or assurance initiatives.
• Strong working knowledge of internal audit standards, QAIP requirements, audit methodology, and regulatory supervisory expectations.
• Demonstrated experience evaluating audit quality, professional judgment, and audit evidence sufficiency across diverse risk domains.
• Excellent written and verbal communication skills.

Nice To Haves

• Professional certifications such as CIA, CPA, CISA, or equivalent.
• Experience supporting regulatory exams or external quality assessments.
• Experience in a large, complex U.S. financial institution.

Responsibilities

• Lead and operationalize the Internal Audit Quality Assurance and Improvement Program (QAIP), including ongoing monitoring, internal assessments, issue validation, and coordination of external quality assessments in accordance with professional standards.
• Provide independent oversight of audit quality across the audit lifecycle, including planning, risk assessment, testing, issue development, reporting, and conclusion formation.
• Assess conformance with Internal Audit policy, professional standards, and regulatory expectations, ensuring audit conclusions are supported by sufficient, reliable, and relevant evidence.
• Identify systemic quality themes, trends, and root causes across audit portfolios; elevate insights to Internal Audit leadership and recommend corrective actions and enhancements.
• Partner with Audit Directors and Professional Practices to drive consistent application of methodology, reinforce due professional care and skepticism, and promote sound professional judgment.
• Strengthen Board and regulatory confidence by supporting transparent, accurate reporting on Internal Audit quality, performance, and remediation of identified quality issues.
• Support auditor development and capability building by providing targeted feedback, training input, and guidance on quality expectations and best practices.
• Maintain regulatory and stakeholder readiness by supporting examinations, validations, and inquiries related to Internal Audit quality and conformance.
• Contribute to continuous improvement initiatives by influencing enhancements to audit methodology, tools, templates, and governance processes based on QA insights.
• Lead and develop Quality Assurance team members, setting clear expectations, providing coaching, and fostering a culture of accountability, objectivity, and continuous improvement.
• Perform other duties as requested by the Senior Audit Director or Chief Audit Executive.

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: Senior
• Number of Employees: 5,001-10,000 employees