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

The Corporate Audit Services (CAS) Audit Project Manager is responsible for supporting the strategic direction, leadership, and coordination of CAS’s risk-based audit assurance activities over U.S. Bancorp’s Credit Risk Review (loan review) function.  Credit Risk Review provides independent assessment and effective challenge of the Company’s credit activities, including the quality of the Bank’s loan portfolios (e.g., commercial, corporate, counterparty, retail, etc.) and credit related processes (credit policies, underwriting, loan administration, credit rating assignments, problem loan management, etc.).  This role also supports the CAS Senior Audit Manager - Credit Risk and CAS Senior Audit Manager - Credit Risk Portfolio Reviews 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.
The Audit Project Manager is primarily responsible for the completion of credit related audit engagements with minimal supervision from managers.  Although there are no direct reports under this position, this role will require working with or supervising other audit team members during audit engagements.  The Audit Project Manager is expected to perform and monitor progress of audit engagements against plan and schedule, assess work performed by audit engagement teams (as applicable), and provide coaching and on-the-job training to ensure engagements are completed with sufficient subject matter knowledge and conform with internal audit policies and procedures. This individual will have skills and experiences needed to monitor and assess credit related activities across U.S. Bancorp and deliver updates to senior management and key stakeholders.

Primary Responsibilities:

•    Completing audit engagements while ensuring high work quality and timely deliverables. 
•    Assessing work performed by other staff and providing coaching notes that are relevant to the scope, accuracy and completeness of work performed.
•    Analyzing business processes, key risks and critical controls; interviewing auditees; determining audit scopes; evaluating control adequacy and effectiveness; and developing and executing audit testing programs.
•    Identifying and reviewing issues to ensure material risks are captured, root causes are identified, and effective remediation plans are developed.
•    Monitoring progress of audit engagements against plan and making necessary adjustments.
•    Assisting managers in dispositioning issues and drafting audit reports.
•    Collaborating across the lines of defense in evaluating business processes, risks, and controls. Coordinating with other internal audit subject matter teams to ensure appropriate and efficient coverage of business and credit related products, services, processes and risks.
•    Providing on-the-job training to CAS members, including sharing knowledge of credit risk inherent within products, services, and delivery systems; company credit policies and procedures; applicable laws and regulations; and formal/informal control frameworks.
•    Assisting other audit teams and performing other duties as requested by management.

Preferred Skills/Experience:

•    Bachelor's degree, or equivalent work experience.
•    Ten years of applicable experience.
•    Seven or more years of large bank credit/loan review experience through: past work in credit/loan review departments, internal audit loan review coverage, commercial loan underwriting departments at large banking institutions; regulatory agency loan review experience; or loan review experience at a large consulting firm.
•    Extensive knowledge of credit underwriting, credit administration and monitoring, problem loan management, credit risk ratings, etc. (with an emphasis on different commercial/wholesale loan portfolios).
•    Strong understanding of applicable laws, regulations, and financial industry and regulatory trends that impact credit risk management, particularly related to credit review activities.
•    Other preferred skills include:
o    Understanding of the practical application of the IIA Practice Guide on Reliance by Internal Audit on Other Assurance Providers
o    Excellent verbal and written communication skills.
o    Strong critical thinking and analytical skills.
o    Proven leadership skills.
o    Proven adaptability to changing priorities.
o    Ability to manage multiple tasks and deadlines simultaneously.
o    Relevant Financial Service Industry knowledge and understanding of Safety and Soundness expectations for large commercial banks.
o    Understanding Institute of Internal Auditors (IIA) Standards and the common definition of internal controls.
o    CIA, CPA, CRC, or other relevant professional designation or advanced degree.
 

INDMO

The role offers a hub schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

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

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

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.  

E-Verify

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 the E-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, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $119,765.00 - $140,900.00 - $154,990.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.