U.S. Bank Sr Audit Director-Technology and Operations 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.
Job DescriptionThe Audit Director supports the Chief Audit Executive, 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 Audit Director is responsible for providing strategic direction, leadership and coordination of the Technology and Operations Services risk-based audit plan. The Technology and Operations Services risk-based audit plan includes highly complex, technical and cross-function risks and operational areas that such as, but are not limited to: Cyber Security; Banking Operations such as Wire, ACH, SWIFT, Lockbox, Cash Vault, Deposit Processing and Fraud Detection, and Foreign Exchange backroom operations; Distributed Technology; Identity and Access Management; Business Continuity and Disaster Recovery Planning; Information Technology Governance; Information Technology Risk Management at both 1st and 2nd Lines of Defense; Application Development; Computer Operations; Physical Security to Data Centers; Technology Change Control; Database Administration; and support for application audit coverage through integrated audits. Responsibilities Assess the Company’s risk and control environments within the auditable entities, determine appropriate audit cycles, maintain an effective Continuous Monitoring Program, monitor industry trends for emerging risks, and make necessary adjustments to the audit plan. Develop and deepen relationships with key internal and external stakeholders that include, but are not limited to: executive and senior management up to and including the vice chairman of assigned areas; internal control partners; regulatory agencies; external auditors; external subject matter experts; and industry peers. Lead a team of approximately 40 audit professionals and is expected to recruit, hire and develop assigned personnel in accordance with U.S. Bank Human Resources Policies and Corporate Audit Services (CAS) Policies, Standards and Guidelines to achieve the plan completion.
Annual Audit Plan - Providing strategic direction and leadership in developing and driving the execution and coordination of the risk-based Annual Audit Plan across all U.S. Bancorp and subsidiaries by drawing upon both business line process knowledge in Technology and Operations.
Continuous Monitoring - Maintaining an effective Continuous Monitoring Program which monitors key risks within Auditable Entities across multiple business lines and identifies any key emerging/evolving risks by routinely interfacing with independent peer banks on regulatory trends. Also includes monitoring adequacy of CAS resources and adjusting the Audit Plan when appropriate and communicating key results of Continuous Monitoring to applicable members across CAS.
Reporting/Issues Management – Overseeing board, committee and other stakeholder reporting for completeness, consistency with other internal audit material and accuracy of the most up-to-date information. Overseeing ongoing progress and remediation by management for all outstanding technology and operations issues across the entire enterprise and supporting other Audit Directors.
Communication with Key Stakeholders - Interacting regularly with executive management, including managing committee members across U.S. Bancorp, multiple Sr. Operating and Board Committees, and multiple regulators, primarily the OCC and FRB, and other.
Other - Participating, networking, and leadership within industry peer groups and performing other duties as requested by the Chief Audit Executive or Senior Audit Director.
Successful Audit Director will exhibit:
Business and Commercial Acumen – Has impressive intellectual horsepower and critical thinking skills and can be accretive to the senior management teams. Knowledgeable of emerging industry and regulatory laws. Must be able to “deep dive” into the details and the business while staying focused on the big picture and be able to “connect the dots”. Able to quickly integrate complex information and different points of view in problem solving exercises. Effectively probes for information critical to the decision at hand. Can quickly make effective decisions. Demonstrates new insights into situations. Is adept in data driven storytelling.
Executing Results – Exhibits a competitive drive to be #1 and settles for nothing short of this (does not see mediocrity as an option). Is not afraid to challenge the status quo; exhibits a mindset of creativity, innovation, and an energetic drive to succeed. Creates healthy tension to yield optimal outcomes. Able to set and meet aggressive goals and action plans, both as an individual and leading a team. Able to execute against multiple projects/workstreams and excel in a fast-paced environment. Exhibits a highly disciplined approach to developing and executing initiatives that reflect the broader business objectives; able to incorporate key inputs from multiple stakeholder groups. Closely manages initiatives for impact.
Leadership – A proven leader able to build, lead, motivate and retain a high performing team. Skillfully coaches and mentors’ executives. Gets the best performance from people. Taps into people’s needs, interests, and goals to motivate them to achieve. Inspires commitment from people and mobilizes teams toward high performance and goal achievement. Is a champion for our people and our culture; coupled with a high sense of empathy and OneUSB – firm first mindset
Qualifications/Experience Bachelor’s degree (preferably in Accounting, Finance, Management Information Systems). Twelve or more years of progressive experience in internal auditing, public accounting, or other relevant experience. Five or more years of managerial experience. CIA, CPA, CISA or other relevant professional designation.
Preferred Skills/Experience Fifteen or more years of progressive experience in internal auditing, public accounting, regulatory, or other relevant experience. Proven leadership skills. Expert level of verbal and written communication, relationship building and negotiation skills. Expert skill in managing challenging situations. Ability to manage multiple tasks and deadlines simultaneously. Expert understanding of Institute of Internal Auditors’ Standards and the common definition of internal controls. Expert understanding of the business line’s operations, products/services, systems and associated risks/controls. Overall understanding of IT and Operations Risk Management and other multiple risk disciplines. Relevant Financial Service Industry and Technical knowledge (e.g., Lending, Banking Operations, Trust, Information Security, Disaster Recovery Planning, etc.), including understanding of risk theory, control frameworks, applicable financial services industry trends, laws and regulations; and impact of government legislation and regulation on business.
Benefits: 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.
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 poster.
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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.