Senior Auditor – Wealth, Corporate, Commercial and Institutional Banking

U.S. Bank National Association • Minneapolis, MN

1d • Onsite

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
U.S. Bank Corporate Audit Services (CAS) is seeking a strong candidate to join our growing team of audit professionals supporting the Wealth Management and Investment Services team. This role will support development and implementation of an audit coverage strategy for Personal Trust and Institutional Investment Services products and services, key risk and regulatory themes spanning fiduciary and asset management topics, and continuous monitoring of strategic initiatives and business changes. The audits conducted by the candidate support execution of the Audit Committee’s approved plan and provide Senior Management with recommendations to strengthen key business processes and provide independent opinions on the Company’s governance, risk management framework and supporting control processes.
The Corporate Audit Services Senior Auditor is also responsible for partnering with U.S. Bank’s Wealth Management and Investment Services businesses and other Risk/Compliance/Audit (RCA) professionals to create, implement, maintain, review or oversee an effective risk management framework. This role participates in risk-based audit projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations; identifies gaps and provides informed solutions that minimize losses resulting from inadequate internal processes, systems or human errors; identifies, responds and/or escalates risks as appropriate. The CAS Senior Auditor serves as a functional liaison between the Line of Business and the Lines of Defense.
Primary Responsibility:
This role supports execution of the audit plan covering personal trust, and wealth management auditable entities, with additional exposure to investment management and fiduciary activities. The Senior Auditor independently executes audits, including risk assessment, walkthroughs, process documentation, and control design and operating effectiveness testing.
The role requires experience evaluating regulatory, operational, and governance controls, building process flows, and identifying control gaps. The Senior Auditor is also expected to leverage data analytics and emerging AI-enabled techniques to enhance audit coverage, efficiency, and insight.
Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework.
Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations.
Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate.
Serves as a functional liaison between the Line of Business and the Lines of Defense.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically more than five years of applicable experience

Nice To Haves

• Advanced knowledge of fiduciary responsibilities related to 12CFR9
• In the Applicable professional certifications add CPA, CIA, CFIRS, AFIM, CTFA, AIF, PMP
• Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Advanced understanding of the business line’s operations, products/services, systems, and associated risks/controls
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong analytical, process facilitation and project management skills
• Effective presentation, interpersonal, written and verbal communication skills
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations
• Applicable professional certifications

Responsibilities

• This role supports execution of the audit plan covering personal trust, and wealth management auditable entities, with additional exposure to investment management and fiduciary activities.
• The Senior Auditor independently executes audits, including risk assessment, walkthroughs, process documentation, and control design and operating effectiveness testing.
• Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework.
• Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations.
• Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds and/or escalates risks as appropriate.
• Serves as a functional liaison between the Line of Business and the Lines of Defense.

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