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U.S. Bank · 2 months ago

Audit Project Manager - Corporate and Commercial Banking Operations

Milwaukee, WI

Full-time

Hybrid

Senior Level, Lead/Staff

$132K/yr - $156K/yr

8+ years exp

U.S. Bank is committed to helping customers and businesses make smart financial decisions. They are seeking an Audit Project Manager to supervise audit engagements in the Corporate and Commercial Banking back-office functions, ensuring quality and compliance with internal audit policies.

BankingFinancial ServicesInsuranceMortgageWealth Management

Responsibilities

Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes:

Assessing work performed by staff by providing coaching notes that are relevant to the scope, accuracy and completeness of work performed

Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures

Reviewing issues to ensure potential exposures and significance are included, root causes are identified, and operationally effective and cost-effective actions to address those causes are developed into appropriate recommendations

Completing or assisting managers in planning audit engagements. Includes identifying and analyzing business processes, key risks, and critical controls; interviewing auditees; determining audit scope; evaluating control design adequacy; and developing audit programs which provide sufficient guidance for testing control performance effectiveness and making evaluations which effectively achieve audit objectives

Assisting the managers in reporting and wrap up phases of audits. Includes appropriate disposition of issues and drafting audit reports which include issues

Monitoring progress of audit engagements against plan and schedule. Includes making necessary adjustments and promptly completing work paper reviews on a timely basis to ensure all issues are identified and dispositioned prior to report draft issuance

Providing on-the-job training for staff. Includes business knowledge of products, services, and delivery systems; company policies and procedures; applicable laws and regulations; and formal/informal control frameworks

Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating audit activities by integrating other internal audit subject matter teams (product/service, technology, compliance, financial crimes, 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

Expand use of data analytics by the Operations audit team

Performing other duties as requested by management

Qualification

Corporate Banking KnowledgeAudit CompetenciesRisk Management KnowledgeProject Management SkillsData AnalyticsMicrosoft Office ProficiencyCommunication SkillsAnalytical SkillsCoaching SkillsBusiness AcumenInterpersonal SkillsTeam CollaborationPresentation SkillsWritten CommunicationVerbal CommunicationTime ManagementProblem SolvingAdaptabilityAttention to Detail

Required

Bachelor's degree, or equivalent work experience

Typically more than eight years of applicable experience

Preferred

Typically has 8 or more years of applicable experience working with Corporate and Commercial Banking loans and various capital markets products

Considerable knowledge of commercial banking operations, products/services, systems, and associated risks/controls, including Syndicated Loans, Equipment Finance, Commercial Real Estate, Asset Based Finance, and capital markets products (e.g. foreign exchange, derivatives, international remittance, and letters of credit)

Considerable knowledge of Risk/Compliance/Audit competencies

Considerable knowledge of applicable laws, regulations (Swap Dealer Reporting, Volker Rule, Dodd-Frank), financial services, and regulatory trends that impact bank operations

Strong process facilitation, project management, and analytical skills

Ability to manage multiple tasks and deadlines simultaneously

Must possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs

Strong presentation, interpersonal, written, and verbal communication skills

Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations

Experience with Archer and TeamMate+

CIA, CISA, CPA, or other relevant professional designations or advanced degree