Senior Audit Project Manager - Payment Services
About The Position
The Senior Audit Project Manager works within U.S. Bank’s Corporate Audit Services (CAS), supporting the Payment Services division. The role provides independent assurance and advisory services to evaluate and improve risk management, control, and governance processes across U.S. Bancorp, its affiliates, and majority-owned entities. Payment Services includes credit, debit, and prepaid card issuance as well as merchant authorization and settlement services, in a dynamic and highly regulated environment. The position leads complex Payment Services audit engagements, ensuring compliance with internal audit standards and regulatory requirements. It oversees risk-based audit planning, end-to-end audit execution, quality assurance, stakeholder relationships, team development, and reporting to senior management, committees, and regulators. The role requires working from a U.S. Bank location three or more days per week.
Requirements
- Bachelor’s degree or equivalent work experience.
- Typically more than 8 years of applicable experience.
- Strong knowledge of Payment Services industry risks, controls, and regulatory requirements.
- Excellent communication, analytical, and critical thinking skills.
- Ability to manage multiple priorities and adapt to changing business needs.
- Proven ability to build collaborative relationships across business lines and risk functions.
- Thorough understanding of IIA Standards and internal control frameworks.
Nice To Haves
- Advanced degree or professional certification such as CIA, CPA, or CISA.
- At least 3 years in project leadership roles.
- 8 or more years of audit or risk management experience.
Responsibilities
- Develop and maintain a risk-based Payment Services audit plan, identifying auditable entities, assessing risks, and determining audit cycles and resource needs over a 12–18-month horizon.
- Monitor emerging risks and adjust audit plans as needed.
- Manage audit projects from planning through fieldwork and reporting.
- Review auditors’ work for accuracy, relevance, and compliance with CAS policies and IIA Standards.
- Draft clear, concise audit reports that communicate findings and recommendations.
- Build relationships with Payment Services leadership, risk management teams, and regulatory bodies.
- Collaborate across the three lines of defense to ensure comprehensive coverage of processes, risks, and controls.
- Guide, coach, and provide performance feedback to audit staff.
- Support recruiting, onboarding, and professional development initiatives.
- Prepare and review reports for senior management, committees, and regulators, ensuring accuracy and completeness.
- Assist with cross-functional audit projects and special initiatives as needed.
Benefits
- Medical, dental, and vision healthcare
- 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 holiday opportunities
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
