Senior Audit Manager – ERM & IRRA

U.S. Bank•Minneapolis, MN

20d•$149,515 - $175,900•Hybrid

About The Position

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. These services evaluate and improve the effectiveness of risk management, control, and governance processes of U.S. Bancorp, its affiliates, wholly owned subsidiaries, and entities where U.S. Bancorp holds a controlling interest. The Senior Audit Manager manages audit staff, potentially including audit managers, on complex audits requiring in-depth evaluation across multiple enterprise areas. The role individually manages defined audits within one or more segments of the audit plan and conducts rolling planning activities for assigned areas. It requires critical thinking, a strategic mindset, leadership through change, and management of relationships across a broad portfolio of business partners. The role supervises audit engagements and staff, contributes to risk-based audit planning and continuous monitoring, reviews stakeholder reporting, and interacts with business-line and risk leaders, regulators, and external experts. It also coordinates coverage across internal audit subject-matter teams and the three lines of defense, and manages the development and performance of assigned personnel. The role requires working from a U.S. Bank location three or more days per week.

Requirements

15+ years of applicable audit experience, including audit of Risk Management or Enterprise Risk.
Excellent verbal and written communication skills, including the ability to present to senior management and committees.
Subject-matter expertise in the risk-management audit portfolio.
Considerable knowledge of risk management and enterprise risk requirements for financial institutions, including applicable OCC Heightened Standards and FRB regulations.
Strong critical-thinking and analytical skills.
Ability to manage multiple tasks and deadlines simultaneously.
Ability to provide leadership and support staff talent development.
Ability to adapt to changing priorities and evolving regulatory expectations in the industry and international jurisdictions.
Advanced ability to identify resource allocation and budgeting needs through the annual audit planning process.
Advanced ability to build and continuously improve working relationships with internal audit peers, business-line leaders, and risk and compliance partners.
Advanced ability to independently address complex conflicts with business lines and negotiate effectively as needed.
Broad understanding of financial risks, including credit, market, liquidity, and interest-rate risks, and operational risks affecting banking and financial institutions.
Expert understanding of The Institute of Internal Auditors Global Internal Audit Standards and the common definition of internal controls.
Requires working from a U.S. Bank location three or more days per week.

Nice To Haves

CIA, CPA, other relevant professional designation, or an advanced degree.

Responsibilities

Supervise audit staff in completing audit engagements and ensure high-quality, timely work.
Plan audit engagements, assess lead auditors’ work, and review audit documentation to confirm that facts support the scope and conclusions and that internal audit policies and procedures are followed.
Draft clear, concise, timely audit reports communicating audit opinions and issues.
Monitor audit engagement progress against plans and schedules and make adjustments as needed.
Complete or assist the audit director in developing the risk-based audit plan, including identifying auditable entities, assessing risk, setting audit cycles and strategies, and determining resources and estimated expenses for a forward-looking 12–18-month plan.
Conduct continuous monitoring with senior management and risk management, and adjust the audit plan when appropriate.
Prepare and review board, committee, and other stakeholder reporting for completeness, consistency, and accuracy of current information.
Interact regularly with business-line and risk-management leaders, regulators, and external subject-matter experts; participate in industry peer groups and executive or senior-management operating committee meetings as needed.
Collaborate across the three lines of defense on business processes, risks, and controls.
Coordinate audit activities with internal audit subject-matter teams, including Information Technology, Compliance, Risk Management, and Treasury, to ensure appropriate and efficient coverage.
Manage team workload and assist other audit teams when resources are needed for higher-risk areas.
Manage, motivate, and develop assigned personnel in accordance with U.S. Bank and internal audit policies and procedures.
Participate in recruiting, establish and manage development plans, provide quarterly performance feedback and annual evaluations, and address performance problems promptly.
Perform other duties as requested by management.

Benefits

Healthcare coverage, including medical, dental, and 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 of two to five weeks, depending on salary grade and tenure
Up to 11 paid holidays
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law
Incentive and recognition programs
Equity stock purchase
401(k) contribution
Pension