U.S. Bank Audit Methodology Lead in Minneapolis, Minnesota
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.
The Audit Methodology Lead supports the Professional Practices Audit Director and the Professional Practices Senior Audit Manager in maintaining the Corporate Audit Services (CAS) audit methodology in accordance with the IIA’s International Standards for the Professional Practices of Internal Auditing and applicable regulatory guidance, such as the Office of the Comptroller of the Currency’s (OCC) Heightened Standards and the Federal Reserve’s Supplemental Policy Statement on the Internal Audit Function and Its Outsourcing.
Develop and maintain CAS audit methodology and CAS governance documents such as the CAS Department Charter, CAS Policy, CAS Policy Guidance, CAS Procedures, and templates.
Communicate new or revised audit methodology to the department timely and clearly, including developing and facilitating training courses.
Serve as the department’s audit methodology subject matter expert, including consulting with and advising audit teams in unique or complex situations.
Monitor and analyze new or revised IIA standards, guidance, and publications; make recommendations and lead the implementation of any action plans.
Perform gap assessments against new or revised internal audit-related requirements and guidance from U.S. and non-U.S. regulators, make recommendations to mitigate any gaps, and lead the implementation of any action plans.
Perform gap assessments against new or revised Company Policies and/or Company Standards, make recommendations to mitigate any gaps, lead the implementation of any action plans, and update the Enterprise Policy Management System as needed.
Prepare and review 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.
Perform other duties as requested by Audit Management.
Bachelor's degree, or equivalent work experience
10 or more years of applicable experience
CIA, CPA or other relevant professional designation or advanced degree. - Expert-level understanding of Institute of Internal Auditors’ International Professional Practices Framework, including the IIA’s International Standards for the Professional Practice of Internal Auditing (Standards) .
Considerable knowledge of financial services regulatory requirements and guidance for internal audit (e.g., 2003 Interagency Policy Statement on the Internal Audit Function and its Outsourcing and 2013 Federal Reserve Bank Supplemental Policy Statement; OCC Guidelines Establishing Heightened Standards for Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches; OCC Comptroller’s Handbook: Internal and External Audits Handbook).
Relevant Financial Service Industry knowledge (e.g., Credit, Models, Regulatory Compliance, Lending, Operations, Trust, Treasury, Merchant Acquiring, Credit Cards [consumer and corporate], etc.).
Thorough understanding of governance, risk management and internal control concepts.
Excellent verbal and written communication skills.
Strong critical thinking and analytical skills.
Ability to manage multiple tasks and deadlines simultaneously.
Proven adaptability to changing priorities.
Ability to build and continuously improve working relationships with CAS management and staff, as well as business line leaders and partners.
Ability to independently address unique and complex questions and challenges.
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers (https://www.usbank.com/careers/index.html) .
EEO is the Law
Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.
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 (https://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .
Our 74,000 employees work across departments to help our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world turn their dreams into reality. Our employees are empowered to create change and drive our future, and we pride ourselves on diligently and ethically upholding U.S. Bank’s best-in-class financial record and legacy of more than 150 years in banking. Most importantly, we put people first, cultivating and treasuring meaningful relationships with the customers we serve, the colleagues we support and the communities where we live and work.