Senior Audit Manager - Operational Risk Management
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.
The Corporate Audit Services (CAS) Senior Audit Manager supports internal audit leadership in providing the Audit Committee and senior management with independent assurance and advisory services designed to evaluate and improve the effectiveness of risk management, control, and governance processes of U.S. Bancorp (USB), affiliates, wholly owned subsidiaries, and entities where USB owns a majority (controlling) interest. This position supports the Risk Management & Compliance (RM&C) team within CAS, specifically focusing on the following risk management topics: operational risk frameworks, operational loss data collection, scenario analysis and stress testing approaches (SR 15-19), escalated adverse events, and risk identification
The RM&C division within U.S. Bank is the company's independent risk management organization.RM&C makes up most of the company's second line of defense, which helps translate risk appetite and strategy into actionable risk limits and policies. RM&C helps monitor conformity with limits and policies and provides reporting and escalation of emerging risks and other concerns to senior management, operating committees, the Executive Risk Committee as well as the Risk Management Committee of the Board of Directors
The Senior Audit Manager will lead a team of audit professionals in accordance with U.S. Bank Human Resources and internal audit policies and procedures in completing the annual audit plan. The Senior Audit Manager will recruit, hire, and develop staff and is responsible for subject matter expertise for the products/services supported, knowledge of the applicable compliance requirements, key technology dependencies, and ensuring appropriate risk coverage
Support Audit leadership in developing an appropriate risk-based audit plan for Risk Management focusing on operational risk. This includes identifying auditable entities and assessing risk within the auditable entities; determining appropriate audit cycles and audit strategy; and determining necessary audit resources and estimated expenses associated with completion of a forward looking 12-18-month audit plan
Performing continuous monitoring activities (working closely with senior management and risk management) and adjusting the audit plan when appropriate
Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes planning audit engagements; assessing work performed by lead auditors; performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adheres to internal audit policies and procedures; drafting audit reports which communicate audit opinions and audit issues in a timely, clear, and concise manner; and monitoring progress of audit engagements against plan and schedule and making necessary adjustments
Preparing and reviewing board, committee, and other stakeholder reporting for completeness, consistency with other internal audit materials, and accuracy of the most up-to-date information, not limited to information internal audit is reporting
Interacting regularly with business line and risk management leaders, regulators, and external subject matter experts
Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating risk management audit activities by integrating with internal audit subject matter teams (primarily process auditable entity owners) to ensure appropriate coverage of operational risk
Managing direct team s workload to assist other audit teams when resources are needed for areas of higher risk
Managing, motivating, and developing assigned personnel in accordance with U.S. Bank Human Resources and internal audit policies and procedures. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing ongoing performance feedback, including annual performance evaluations for assigned personnel. The Senior Audit Manager must also address performance problems promptly
This role is hybrid. Team members who are in a hybrid role typically spend three days a week at a U.S. Bank location, while having flexibility on their work location for the other working days
- Bachelor's degree, or equivalent work experience
- Typically, more than 10 years of applicable experience
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 leadership and management skills of processes, projects, and people
Effective written and verbal communication skills
Strong analytical, problem-solving and negotiation skills
Proficient computer skills, especially Microsoft Office applications
Applicable professional certifications
If there s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.
Learn howthe way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.
Our approach to benefits and total rewards considers our team members whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
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
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $125,715.00 - $147,900.00 - $162,690.00
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