Senior Audit Manager - Corporate Functions

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

U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States.

We are headquartered in Minneapolis, Minnesota and operate more than 2,000 bank branches in 26 states.

Our team of more than 70,000 employees serve our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world.

With a diversified mix of business lines generating $23 billion in annual revenue, we are strategically positioned in our industry, reaching $559 billion in assets.

This commitment continues to earn a spot on the Ethisphere Institute's World Most Ethical Companies list and puts U.S. Bank in the top 5% of global companies assessed on the CDP "A" List for climate change action.

THE ROLE :

The Corporate Audit Services (CAS) Senior Audit Manager - Corporate Functions is a management position that supports the Corporate Functions, Regulatory Reporting, and SOX Administration Audit Director.

This role supports the Audit Director and Senior Audit Director, 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 is responsible for providing strategic direction, leadership and coordination of the Corporate Functions risk-based audit plan.

This includes leading two audit teams led by a Senior Audit Manager / Audit Manager over HR and Legal and Other Corporate Functions.

These teams execute the risk-based audit plan, which includes cross-functional risks and operational areas such as, but not limited to, enterprise strategy;

marketing; enterprise infrastructure services; human resources; diversity, equity and inclusion; and the law division. This audit plan includes coordination with audit teams across the department to ensure overall audit strategy and approach for strategic risk, reputation risk, people (operations) risk, and legal (operations) risk.

Additionally, this specific role owns the audit strategy for strategic risk and reputation risk for CAS.

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.

Primary Responsibilities :

• Coordinating with the Audit Director / Senior Audit Director to develop the risk-based Annual Audit Plan for the Corporate Functions areas, which includes coordinating audit coverage of strategic and reputation risk across internal audit teams.
• 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 maintaining an effective continuous monitoring program (working closely with senior management and risk management), monitoring industry trends for emerging risks, and making necessary adjustments to the audit plan when appropriate.

• Lead two teams with approximately 8 audit professionals and / or managers and is expected to recruit, hire, and develop assigned personnel in accordance with U.
• S. Bank Human Resources Policies and Corporate Audit Services Policies, Standards and Guidelines. 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.

• Supervise Senior Audit Manager / Audit Manager in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes :
• Coordinating with Senior Audit Manager / Audit Manager to plan audit engagements.
• Ensuring reviews are performed to ensure audit engagement work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.
• Reviewing 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 working with Senior Audit Manager / Audit Manager to make necessary adjustments.
• Supporting the Audit Director / Senior Audit Director by creating and ensuring board, committee and other stakeholder reporting for completeness, consistency with other internal audit material and accuracy of the most up-to-date information.
• Presenting as needed at Senior Operating Committee and Sub-Committee meetings.
• Overseeing ongoing progress and remediation by management for all outstanding issues across the entire enterprise and supporting other Senior Audit Directors / Audit Directors.
• Develop and deepen relationships through regular interactions with key internal and external stakeholders that include but are not limited to : senior management;

internal control partners; regulatory agencies; external auditors; external subject matter experts; and industry peers. This includes regular participation within industry peer groups.

• Collaborating across the three lines of defense regarding business processes, risks, and control.
• Coordinating audit activities by integrating other internal audit subject matter teams (Information Technology, Anti-Money Laundering, Compliance, Risk Management, Data, 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.
• Performing other duties as requested by Audit Director / Senior Audit Director.

Skills and Preferred Qualifications :

• Bachelor's degree, or equivalent work experience
• 10 + years of progressive experience in internal auditing, public accounting or other relevant experience
• 15+ years of experience in an applicable risk management environment
• 5+ years of managerial experience
• CIA, CPA or other relevant professional designation or advanced degree
• Relevant Financial Service Industry knowledge, including understanding of risk theory, control frameworks, applicable financial services industry trends, laws and regulations;

and impact of government legislation and regulation on business

• Excellent verbal and written communication skills, relationship building and negotiation skills
• Ability to manage challenging situations
• Strong critical thinking and analytical skills
• Ability to manage multiple tasks and deadlines simultaneously
• Ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance)
• Ability to independently address unique and complex conflicts with business line and effectively negotiate as needed
• Expert understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls
• Expert understanding of the business line's operations, products / services, systems and associated risks / controls

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 : $165,325.00 - $194,500.00 - $213,950.00

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.