Us Bank
Audit Director
Us Bank, Minneapolis, Minnesota, United States, 55400
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) Audit Director supports the Senior Audit Director and 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 Risk, Resiliency, and Enterprise Data risk-based audit plan. The team provides global audit coverage for Technology Risk, Resiliency, and Enterprise Data across USB. This role serves technology and data, the respective business lines (Consumer and Business Banking, Wealth Management and Investment Services, Corporate and Commercial Banking, Payment Services), as well as Risk and Corporate Support Functions but not limited to, Infrastructure, Technology Transformation, Enterprise Architecture and Engineering, Data and Digital Technology infrastructure, including emerging technologies. The Technology Risk, Resiliency, and Enterprise Data Audit Team also drives thematic, horizontal reviews focused on resiliency, data governance/privacy, and technology risk oversight. PRIMARY RESPONSIBILITIES: Coordinating with the Senior Audit Director in developing and driving execution of the risk-based Annual Audit Plan for the Second Line, Technology Risk & Resiliency areas and Enterprise Data. Includes identifying auditable entities and assessing risk within the auditable entities; determining appropriate audit cycles and audit strategy; and determining necessary audit resources and estimated expenses associated with completion of a forward looking (12-18 month) audit plan. 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.
Lead a team of Audit Managers and professionals and is expected to recruit, hire, and develop assigned personnel in accordance with U.S. Bank Human Resources Policies and Corporate Audit Services Policies, Standards and Guidelines. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing quarterly performance feedback and annual performance evaluations for assigned personnel. Also includes addressing performance problems promptly.
Supervise Audit Managers in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes: Coordinating with Audit Managers to plan audit engagements.
Ensuring reviews are performed to ensure audit engagement work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.
Reviewing audit reports which communicate audit opinions and audit issues in a timely, clear, and concise manner.
Monitoring progress of audit engagements against plan and schedule and working with Audit Managers to make necessary adjustments.
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. Presenting as needed at Sr. Operating Committee and Sub-Committee meetings.
Develop and deepen relationships through regular interactions with key internal and external stakeholders that include but are not limited to senior management; internal control partners; regulatory agencies; external auditors; external subject matter experts; and industry peers. This includes regular participation within industry peer groups.
Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating audit activities by integrating other internal audit subject matter teams (Anti-Money Laundering, Compliance, Risk Management, Data, etc.) to ensure appropriate and efficient coverage of the business products, services, and processes. Managing the team’s workload to assist other audit teams when resources are needed for areas of higher risk.
Drive automation and data analytics opportunities within their portfolio.
Performing other duties as requested by Senior Audit Director.
Skills and Preferred Qualifications: Bachelor’s degree (preferably in Accounting, Finance, Management Information Systems)
15+ years of progressive experience in internal auditing, public accounting, regulatory, or other relevant experience
10+ years of managerial experience
CIA, CPA, CISA or other relevant professional designation preferred
Expert understanding of Institute of Internal Auditors’ Standards and the common definition of internal controls
Familiarity with several IT Governance frameworks and guidelines, including Cloud Security Alliance Cloud Controls Matrix, COBIT, NIST, and FFIEC, Databases (e.g., Oracle, SQL, DB2), Client OS (e.g., Windows, UNIX, Mainframe) Technology Architecture, Governance, and key processes (e.g., Change Management, Problem and Incident Management)
Extensive knowledge and experience assessing data management strategy, governance, Independent Risk Management (Technology), resiliency, technology, and architecture, including frameworks for metadata, data lineage, and data quality across large financial institutions
Strong understanding of Data Protection and Privacy Federal and Global Regulations (e.g. Gramm Leach Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), Global Data Protection Regulation (GDPR), Personal Information Protection and Electronic Documents Act (PIPEDA)), and State Laws (e.g. California Consumer Privacy Act (CCPA))
The Audit Director should exhibit the following: Business Acumen – Has impressive intellectual and critical thinking skills and can be accretive to the senior management teams. 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.
Executing Results – Able to execute against multiple projects/workstreams and excel in a fast-paced environment. 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.
Leadership – A proven leader able to build, lead, motivate and retain a high performing team. Skillfully coaches and mentors’ audit professionals. 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 One USB – firm first mindset.
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 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
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 .
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The Corporate Audit Services (CAS) Audit Director supports the Senior Audit Director and 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 Risk, Resiliency, and Enterprise Data risk-based audit plan. The team provides global audit coverage for Technology Risk, Resiliency, and Enterprise Data across USB. This role serves technology and data, the respective business lines (Consumer and Business Banking, Wealth Management and Investment Services, Corporate and Commercial Banking, Payment Services), as well as Risk and Corporate Support Functions but not limited to, Infrastructure, Technology Transformation, Enterprise Architecture and Engineering, Data and Digital Technology infrastructure, including emerging technologies. The Technology Risk, Resiliency, and Enterprise Data Audit Team also drives thematic, horizontal reviews focused on resiliency, data governance/privacy, and technology risk oversight. PRIMARY RESPONSIBILITIES: Coordinating with the Senior Audit Director in developing and driving execution of the risk-based Annual Audit Plan for the Second Line, Technology Risk & Resiliency areas and Enterprise Data. Includes identifying auditable entities and assessing risk within the auditable entities; determining appropriate audit cycles and audit strategy; and determining necessary audit resources and estimated expenses associated with completion of a forward looking (12-18 month) audit plan. 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.
Lead a team of Audit Managers and professionals and is expected to recruit, hire, and develop assigned personnel in accordance with U.S. Bank Human Resources Policies and Corporate Audit Services Policies, Standards and Guidelines. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing quarterly performance feedback and annual performance evaluations for assigned personnel. Also includes addressing performance problems promptly.
Supervise Audit Managers in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes: Coordinating with Audit Managers to plan audit engagements.
Ensuring reviews are performed to ensure audit engagement work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.
Reviewing audit reports which communicate audit opinions and audit issues in a timely, clear, and concise manner.
Monitoring progress of audit engagements against plan and schedule and working with Audit Managers to make necessary adjustments.
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. Presenting as needed at Sr. Operating Committee and Sub-Committee meetings.
Develop and deepen relationships through regular interactions with key internal and external stakeholders that include but are not limited to senior management; internal control partners; regulatory agencies; external auditors; external subject matter experts; and industry peers. This includes regular participation within industry peer groups.
Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating audit activities by integrating other internal audit subject matter teams (Anti-Money Laundering, Compliance, Risk Management, Data, etc.) to ensure appropriate and efficient coverage of the business products, services, and processes. Managing the team’s workload to assist other audit teams when resources are needed for areas of higher risk.
Drive automation and data analytics opportunities within their portfolio.
Performing other duties as requested by Senior Audit Director.
Skills and Preferred Qualifications: Bachelor’s degree (preferably in Accounting, Finance, Management Information Systems)
15+ years of progressive experience in internal auditing, public accounting, regulatory, or other relevant experience
10+ years of managerial experience
CIA, CPA, CISA or other relevant professional designation preferred
Expert understanding of Institute of Internal Auditors’ Standards and the common definition of internal controls
Familiarity with several IT Governance frameworks and guidelines, including Cloud Security Alliance Cloud Controls Matrix, COBIT, NIST, and FFIEC, Databases (e.g., Oracle, SQL, DB2), Client OS (e.g., Windows, UNIX, Mainframe) Technology Architecture, Governance, and key processes (e.g., Change Management, Problem and Incident Management)
Extensive knowledge and experience assessing data management strategy, governance, Independent Risk Management (Technology), resiliency, technology, and architecture, including frameworks for metadata, data lineage, and data quality across large financial institutions
Strong understanding of Data Protection and Privacy Federal and Global Regulations (e.g. Gramm Leach Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), Global Data Protection Regulation (GDPR), Personal Information Protection and Electronic Documents Act (PIPEDA)), and State Laws (e.g. California Consumer Privacy Act (CCPA))
The Audit Director should exhibit the following: Business Acumen – Has impressive intellectual and critical thinking skills and can be accretive to the senior management teams. 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.
Executing Results – Able to execute against multiple projects/workstreams and excel in a fast-paced environment. 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.
Leadership – A proven leader able to build, lead, motivate and retain a high performing team. Skillfully coaches and mentors’ audit professionals. 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 One USB – firm first mindset.
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 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
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 .
#J-18808-Ljbffr