U.S. Bank Senior Audit Manager - Payment Services in Sioux Falls, South Dakota

The Corporate Audit Services Senior Audit Manager in the Payment Services group 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.

The Senior Audit Manager supports the assessment of risk and control environments within the auditable entities, determine appropriate audit cycles, maintain an effective continuous monitoring program, and make necessary adjustments to the audit plan.

The Senior Audit Manager will lead a team of audit professionals and is responsible for managing assigned personnel in accordance with U.S. Bank Human Resources policies and internal audit policies and procedures to achieve audit plan completion. The Senior Audit Manager is expected to recruit, hire, and develop assigned staff to ensure audit engagements are completed in conformance with internal audit policies and procedures.

Primary Responsibilities:

• Supervising audit managers and teams in the completion of audit engagements, ensuring the highest quality work delivered timely.

• Completing or assisting the audit director in developing the risk-based audit plan. 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 including working closely with senior management.

• Reviewing board, committee, and other stakeholder reporting for completeness, consistency with other internal audit materials, and accuracy of the most up-to-date information

• Leading interactions with 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.

o Coordinating audit activities by integrating other internal audit subject matter teams (Information Technology, Anti-Money Laundering, Compliance, Risk Management, Treasury, etc.) to ensure appropriate and efficient coverage of the business products, services and processes.

o Managing the 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 policies and internal audit policies and procedures. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing quarterly performance feedback and annual performance evaluations for assigned personnel. Also includes addressing performance problems promptly.

• Performing other duties as requested by Audit Director.


Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Ten or more years of experience in an applicable risk management environment

  • Applicable certifications

Preferred Skills/Experience

• Five years or more of management experience (including managing other managers)

• Excellent verbal and written communication skills

• Strong critical thinking and analytical skills

• Ability to manage multiple tasks and deadlines simultaneously

• Proven adaptability to changing priorities

• Ability to independently address unique and complex conflicts with business line and effectively negotiate as needed

• Understanding of card association rules

• Prior work experience in a public, global financial services company

• Experience with data analytics

• Ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance).

• Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls

• Relevant Financial Service Industry knowledge, preferred knowledge of payment services products offered such as retail credit cards, prepaid cards, and corporate cards

• Prior interaction with regulators

• Understanding of regulatory compliance requirements for the card business in the United States, Canada, and Europe

• Risk management experience related to Third Party Risk Management, Default Risk Management, Credit Bureau, Fraud monitoring, enterprise risk management, model governance

• CRCM, CIA, CPA, CAMS or CFE designations

• Mastery of Microsoft Office suite

• Prior use of Archer, Teammate, ACL

Job: Risk/Compliance/QC/Audit/Fraud

Primary Location: Minnesota-MN-Minneapolis

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 180024984

Other Locations: North Carolina-NC-Charlotte, IL-IL-Chicago, Missouri-MO-Saint Louis, Ohio-OH-Cincinnati, United States, Wisconsin-WI-Milwaukee

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled