Audit Manager-Payment Services Team

 

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 Future:

Like you, U.S. Bank has a bright future and remains the only large U. S.-based bank to be named a World’s Most Ethical Company® by the Ethisphere Institute three years in a row.  Also, for the 7th year in a row, we have been named #1 Most Admired Superregional Bank by Fortune.  We scored in the top 10 in all industries in our Management Quality.  We were rated #5 out of 340 companies (behind only the likes of Apple, Starbucks, Walt Disney, and Goldman Sachs group and ahead of Google, Nike, Facebook, Nordstrom and Wells Fargo).

This took hard work.  To stay on top, we recognize we must have individuals who can help us continue to meet and exceed our goals.  U.S. Bank offers challenging purpose, great teams, and the tools to build your capabilities.  Take your career in an exciting direction and as far as you want to go in our performance-based environment.

Here is what you can expect when you work for us:

U.S. Bank Purpose and Core Values

Our purpose is our reason for being:  We invest our hearts and minds to power human potential.

Our core values establish a standard of measure for acting in the best interest of our customers, colleagues, communities and shareholders.  They tell us what’s important and how we’ll succeed – now and in the future.  And they apply equally to everyone.

• We do the right thing.

• We power potential.

• We stay a step ahead.

• We draw strength from diversity.

• We put people first.

About the job:

The Audit Manager is responsible for Audit Planning, supervising Risk & Control Design Assessments, supervising Control Performance Effectiveness work and Summarization of Results in accordance with Corporate Audit Services policies and procedures.  Under the direction of the Audit Director the Audit Manager is expected to complete the audit plan as approved by the U.S. Bancorp Audit Committee for their respective area of responsibility.

What you will do:

1. Executes completion of the Audit Plan.

2. Completes all audit planning activities in accordance with Corporate Audit Services Policies and Procedures including client communications.

3. The primary client contact throughout the audit process.

4. Supervises the assigned audit team during their completion of the Risk & Control Design Assessments and Control Performance Effectiveness work. This includes reviewing and approving sampling rationale and test design.

5. Responsible for having a comprehensive knowledge of all Points for Discussions (PFDs) and obtains Director Approval prior to client submission.

6. Completes detailed work paper reviews to assure work is completed and documented in accordance with Corporate Audit Services Policies and Procedures.

7. Completes the summarization phase of assigned audits.

8. Identifies and works with audit team to determine course of action for potential issues.

9. Provides responses to issues identified in connection with the Corporate Audit Services QAR and resolves QAR issues as necessary.

10. Responsible for personnel management of the assigned team in accordance with Human Resource Policies including performance evaluations, career development, training, and recruiting. The department standard is to keep unplanned turnover to 15% or less.

11. Manages chargeable hours of the assigned team

12. Performs other duties as requested by the Audit Director.

 

Personal Characteristics:

1. The candidate should have unquestionable integrity, objectivity and probing inquisitiveness with ability to management multiple tasks in a fast paced environment.

2. Expert ability to analyze a complex set of data and extract information critical to identifying and communicating the inherent and residual risk to the business line.

3. Excellent persuasive communication and negotiation skills to effectively interact with staff and senior management during the presentation of audit findings and recommendations.

4. The candidate should possess proficient business knowledge of their assigned area of responsibility.

5. The candidate should possess audit expertise with respect to: inherent and residual risks and the identification thereof; internal controls and the design of control environments including assessments thereof; control performance effectiveness testing including interpretation of results; sampling techniques including documentation of sampling rationale; and internal audit standards and techniques.

 

Explore What's Possible with a Career at U.S. Bank!

 

Qualifications

 

Basic Qualifications

• Bachelor’s degree in Accounting, Finance, Business, MIS or related discipline

• A combination of ten or more years of progressive experience in public accounting, financial institutions internal audit or consulting.

• Two to three years of management experience

• Professional Certification such as a CPA, CIA, CFSA, or other area of specialization

Preferred Qualifications

• Proven leadership skills including management and coaching of staff

• Advanced knowledge in auditing, reporting and analysis

• Excellent written and verbal communication skills

• Ability to manage multiple tasks and deadlines simultaneously

• Relevant Financial Services Industry knowledge (e.g., Lending, Operations, Trust, Payment Cards, 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

• Relevant Payment Services/Credit Card industry knowledge including merchant acquiring

• Understanding of international operations and risk associated with an international company

Some travel is required – up to 50% including internationally.

 

Job

Risk Management / Fraud Prevention

Primary Location

Minnesota-MN-Minneapolis

Shift

1st - Daytime

Travel

Yes, 50 % of the Time

Average Hours Per Week

40