The Audit Manager for credit card and merchant acquiring 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 role supports the assessment of the Company's 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 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 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.
1. 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 adhere to internal audit policies and procedures.
• Drafting audit reports which communicate audit opinions and audit issues in a timely, clear and concise manner.
• Monitoring progress of audit engagements against plan and schedule and making necessary adjustments.
2. 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. Also includes performing continuous monitoring activities (working closely with senior management and risk management) and adjusting the audit plan when appropriate.
3. 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.
4. Interacting regularly with business line and risk management leaders, regulators, and external subject matter experts.
5. Collaborating across the three lines of defense regarding business processes, risks, and controls. 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. Managing the team's workload to assist other audit teams when resources are needed for areas of higher risk.
6. 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.
7. Performing other duties as requested by management.
- Bachelor's degree, or equivalent work experience
- Ten or more years of experience in an applicable risk management environment
- Applicable certifications
2. Ability to independently address unique and complex conflicts with business line and effectively negotiate as needed.
3. Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls.
4. Relevant Financial Service Industry knowledge (e.g., Credit, Models, Regulatory Compliance, Lending, Operations, Treasury, Merchant Acquiring, Credit Cards [consumer and corporate], etc.).
5. CIA, CPA or other relevant professional designation or advanced degree.
6. Excellent verbal and written communication skills.
7. Strong critical thinking and analytical skills.
8. Ability to manage multiple tasks and deadlines simultaneously.
9. Proven adaptability to changing priorities.
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