Senior Auditor - Payment Operations/Money Movement
About The Position
U.S. Bancorp Corporate Audit Services (CAS) is seeking a highly motivated candidate to join our growing team of internal audit professionals within the Digital, Technology and Operations Services (DTOS) team. This position supports internal audit coverage across Centralized Operations, specifically focused on payment services/money movement operations including wire, Automated Clearing House, Real-Time Payments, FedNow etc. The CAS Senior Auditor is primarily responsible for assisting in completing internal audit engagement assignments with minimal supervision from audit team management. The CAS Senior Auditor is expected to understand risk and risk management techniques, identify and analyze business processes, key risks and critical controls, and evaluate control design adequacy; perform or supervise control testing; and document work performed in conformance with internal audit policies and procedures. The ideal candidate is expected to be familiar with change management, artificial intelligence, banking products and operations.
Requirements
- Bachelor's degree, or equivalent work experience
- Typically more than five years of applicable finance and/or risk experience
Nice To Haves
- Relevant Financial Service Industry and/or bank operations knowledge.
- Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls.
- CIA, CPA or other relevant professional designation or advanced degree.
- Excellent verbal and written communication skills.
- Strong critical thinking and analytical skills.
- Ability to manage multiple tasks and deadlines simultaneously.
- Knowledge of applicable laws, regulations, financial services, and regulatory trends that impact assigned line of business.
- Advance knowledge of Risk/Compliance/Audit competencies.
- Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations.
- Proficiency in Microsoft Office and other software tools (Word, Excel, PowerPoint, databases, presentations) including AI tools.
Responsibilities
- Assisting the audit team management in planning audit engagements. Includes understanding risk and risk management techniques; identifying and analyzing business processes, key risks and critical controls; interviewing auditees; and evaluating control design adequacy.
- Performing or supervising staff auditors in the testing of controls based on audit program directions. Includes partnering with colleagues and stakeholders where applicable and using appropriate sampling and control testing techniques; identifying and assessing the relevancy of possible issues; and documenting work performed to support audit scope/conclusions, to facilitate an efficient review, and to meet internal audit policies and procedures.
- Interviewing auditees; identifying and analyzing business processes; and documenting work performed in TeamMate Audit Solutions to support audit scope/conclusions and meet CAS Policies, Standards and Guidelines.
- Drafting audit issues under the supervision of the audit team management. Includes drafting potential exposures and significance, identifying appropriate root causes, and developing recommendations that are operationally effective and cost-effective actions to address those causes.
- Assisting the audit team management in the reporting and wrap-up phases of audits. Includes assisting with drafting audit reports.
- Learning from and applying coaching received.
- Building and maintaining relationships with stakeholders, establishing a culture of engagement while adding value.
- Maintaining a good understanding of key processes within the Centralized Operations area.
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
