Senior Auditor Generalist - Professional Practices

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

This job posting represents two open roles, and we’re excited to consider candidates for both opportunities.

The Corporate Audit Services (CAS) Senior Auditor Generalist works with limited oversight to support execution of audit engagements and other projects in a contributor or lead role depending on complexity. The Senior Auditor is expected to understand risk and risk management techniques, identify and analyze business processes, key risks and controls. The position involves planning, executing and reporting on a range of audit assignments.

This role will administratively roll up under professional practices but will deploy to a wide variety of teams, allowing for exposure to diverse business units, processes, and leadership styles. This individual may also be involved in other side projects, department initiatives, and other administrative audit activities.

Primary Responsibilities

• Assisting the audit team management in planning audit engagements across multiple audit teams. Includes understanding risk and risk management techniques; identifying and analyzing business processes, key risks and critical controls; interviewing auditees; and evaluating control design adequacy.

• Performing or supervising staff auditors in the testing of controls based on audit program directions. Includes using appropriate sampling and control testing techniques; identifying and assessing the relevancy of possible issues; and documenting work performed to support audit scope/conclusions, to facilitate an efficient review, and to meet internal audit policies and procedures.

• Drafting audit issues under the supervision of the audit team management. Includes drafting potential exposures and significance, identifying appropriate root causes, and developing recommendations that are operationally effective and cost-effective actions to address those causes.

• Assisting the audit team management in the reporting and wrap-up phases of audits. Includes assisting with drafting audit reports.

• Proactively managing assignments to ensure smooth handoffs between teams and consistent, efficient use of time and resources year-round.

• Learning from and applying coaching received.

• Performing other duties as requested by management.

Basic Qualifications

• Bachelor's degree, or equivalent work experience

• Typically more than five years of applicable experience

Preferred Skills/Experience:

• Thrives in dynamic settings by adjusting to various leadership methods and building strong partnerships across teams

• Ability to build strong professional relationships with peers, mid-level management and external stakeholders (primarily external audit)

• Thorough knowledge of applicable laws, regulations, financial services, and regulatory trends that impact the assigned line of business

• Thorough understanding of the business line’s operations, products/services, systems, and associated risks/controls

• Strong 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 IIA Standards and the common definition of internal controls

• Ability to apply Risk/Compliance/Audit competencies independently

• Process facilitation and project management skills

• Advanced verbal and written communication skills

• Advanced critical thinking and analytical skills

*This role requires working from a U.S. Bank location three (3) or more days per week.

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 w