Job Information
U.S. Bank Audit Methodology Lead in New York, New York
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 Audit Methodology Lead supports the Head of Professional Practices 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.
Primary Responsibilities:
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.
Developing and facilitating training courses to communicate new or revised audit methodology, tools and techniques to the department timely and clearly.
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.
Preferred Skills/Experience:
Bachelor's degree, or equivalent work experience
Typically more than eight 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) .
Expert-level 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).
Experience in developing and delivering high quality, creative and engaging training.
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 with the ability to clearly convey technical concepts.
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.
INDMO
The role offers a hybrid/flexible 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
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 (https://careers.usbank.com/global/en/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 (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) 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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $116,280.00 - $136,800.00 - $150,480.00
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.