Staff Auditor – Wealth, Corporate, Commercial and Institutional Banking

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 Corporate Audit Services (CAS) Staff Auditor is responsible for executing internal audit activities at the direction of the lead auditor and/or primary audit manager, including assisting in planning of projects and development of audit testing programs. The Staff Auditor is expected, with support from others, to perform control testing and document work performed in conformance with internal audit policies and procedures.

Primary Responsibilities

• Performing control testing based on audit testing 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 and meet internal audit policies and procedures.

• Assisting the lead auditor in planning audit engagements. Includes performing financial analysis and identifying areas for further review; interviewing auditees; identifying and analyzing business processes; and identifying key risks and controls.

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

• Learning from and applying coaching received.

• Performing other duties as requested by management.

Basic Qualifications

• Bachelor’s degree (preferably in Finance, Accounting, or Economics), or equivalent work experience

• Typically more than two years of applicable experience

Preferred Skills/Experience

• Knowledge of the financial markets and overall industry

• Basic knowledge of applicable laws, regulations, financial services, and regulatory trends that impact the assigned line of business. Key regulations for the role’s primary assigned business areas include Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Exchange Act of 1934, FINRA rules, MSRB rules, etc.

• Basic understanding of the business line’s operations, products/services, systems, and associate risks/controls. Offerings covered by the role’s primary assigned team include asset management, wealth management, trust, custody and fund services offerings.

• Relevant financial service industry knowledge (e.g. credit, models, regulatory compliance, investment services, lending, operations, trust,  etc)

• Basic understanding of The Institute of Internal Auditors Global Internal Audit Standards and the common definition of internal controls

• Knowledge of Risk/Compliance/Audit competencies

• Strong process facilitation and project management skills

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

• Excellent communication and interpersonal skills including the ability to interact with a variety of leaders across different levels

• Outstanding writing skills and ability to document complex processes and concepts clearly

• Strong analytical and organizational skills; adept at critical thinking

• Self-starter with a strong desire to deepen knowledge in the financial services industry, specifically investment management services

• Detail oriented with strong time management skills

• Typically more than 2 years of applicable work experience; however, this qualification is flexible depending on candidate

• Availability to travel

Tag: INDMO

*This 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 accommodat