Senior Auditor - Regulatory Compliance

at  US Bank National Association

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 Senior Auditor is primarily responsible for completing audit engagement assignments with minimal supervision from audit team management. The Senior Auditor is expected to understand risk and risk management techniques, identify and analyze business processes, key risks and critical controls, and evaluate control design adequacy; perform or supervise control testing; and document work performed in conformance with internal audit policies and procedures.

Bachelor’s degree, or equivalent work experience

• Typically, three or more years of applicable experience
• Relevant Financial Service Industry knowledge (e.g., Credit, Models, Regulatory Compliance, Lending, Operations, Risk Management, Merchant Acquiring, Credit Cards (consumer and corporate, etc.)
• Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls.
• CIA, CPA, CRCM or other relevant professional designation or advanced degree.
• Excellent verbal and written communication skills.
• Strong critical thinking and analytical skills.
• Ability to manage multiple tasks and deadlines simultaneousl

PRIMARY RESPONSIBILITIES:

• Assisting the audit team management in planning audit engagements. Includes understanding risk and risk management techniques; identifying and analyzing business processes, key risks and critical controls; interviewing auditees; and evaluating control design adequacy.
• Performing or supervising staff auditors in the testing of controls based on audit program directions. Includes using appropriate sampling and control testing techniques; identifying and assessing the relevancy of possible issues; and documenting work performed to support audit scope/conclusions, to facilitate an efficient review, and to meet internal audit policies and procedures.
• Drafting audit issues under the supervision of the audit team management. Includes drafting potential exposures and significance, identifying appropriate root causes, and developing recommendations that are operationally effective and cost-effective actions to address those causes.
• Assisting the audit team management in the reporting and wrap-up phases of audits. Includes assisting with drafting audit reports.
• Learning from and applying coaching received.
• Performing other duties as requested by management.
  Preferred Skills/Experience

Bachelor’s degree, or equivalent work experience

• Typically, three or more years of applicable experience
• Relevant Financial Service Industry knowledge (e.g., Credit, Models, Regulatory Compliance, Lending, Operations, Risk Management, Merchant Acquiring, Credit Cards (consumer and corporate, etc.)
• Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls.
• CIA, CPA, CRCM or other relevant professional designation or advanced degree.
• Excellent verbal and written communication skills.
• Strong critical thinking and analytical skills.
• Ability to manage multiple tasks and deadlines simultaneously

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 la