U.S. Bank Senior Audit Manager – Reporting in Sioux Falls, South Dakota
The Corporate Audit Services Senior Audit Manager – Reporting supports the Chief Audit Executive and Audit Directors, by managing the formal communication of audit results at every level from individual audit engagements through the consolidated results delivered to the Board and Senior Management, including governance committees. There are 15 different Board and Committees that require monthly or quarterly reporting from CAS that each can be up to 200 pages in length of largely qualitative information.
The Senior Audit Manager – Reporting is also expected to develop and deepen relationships with key internal and external stakeholders that include, but are not limited to: CAS leadership, business line senior management; internal control partners; regulatory agencies; external auditors; external subject matter experts; and industry peers.
The Senior Audit Manager will lead a team of staff and is responsible for managing assigned personnel in accordance with U.S. Bank Human Resources policies and internal audit policies and procedures to achieve audit plan completion. The Senior Audit Manager is expected to recruit, hire, and develop assigned staff to ensure audit engagements are completed in conformance with internal audit policies and procedures.
• Overseeing the production and quality assurance of the audit reports for approximately 250 audit engagements per year. This includes coordinating reviews by senior leaders within audit. Review by this individual of materials for consistent messaging is relied upon by CAS leaders. Also responsible for developing and/or implementing the reporting components of the department’s overall audit methodology.
• Providing oversight of the Audit Issues leads responsible for managing CAS’ Centralized Issue Tracking (CIT) processes which includes overseeing timely and accurate audit issue input, monthly and ad hoc reporting of audit issues to CAS and to the Business Lines/Units; preparing key audit issue materials for CAS’ quarterly Audit Committee meetings, including the CAS Issues Appendices; and liaising with the Systems and Technology Optimizing Risk Management (STORM) team on CIT-related changes and problems.
• Providing oversight of staff in creating accurate, timely and professional reporting for Business Lines, Chief Risk Officers, Board Committees (including Audit Committee), and Senior Operating Committees. Providing various reporting to the Chief Audit Executive, CAS Directors, and CAS Managers on an ongoing basis related to CAS’ audit plan, audit issues, and staffing metrics. Providing periodic and ad hoc reporting to non-CAS groups, including Business Line Risk Management groups, Business Line Chief Risk Officers and Senior Operating Committees. Oversees the project management for the production of a given Board or Committee report, including:
o Maintain applicable Committee reporting systems,
o Preparing select Committee materials, including messaging associated with these materials,
o Planning and assigning Board reporting to CAS Directors and Managers, and other affected parties and follow-up to ensure materials are received by the due dates and,
o Coordinating review and resolution of feedback received from the CAE and CAS Directors.
• Interacting regularly with business line and risk management leaders, regulators, and external subject matter experts. Participating regularly, networking, and showing leadership within industry peer groups. Participating and presenting as needed at executive and senior management operating committee meetings.
• Collaborates with other CAS leaders to make continuous improvements related to the department and reporting process, specifically: communicating and delivering on the vision of the future state of CAS and streamlining and centralizing all reporting tasks.
• Managing a team of staff and professionals in accordance with U.S. Bank Human Resources Policies and CAS Policies, Standards and Guidelines. Includes recruiting activities which utilize a variety of assessment tools to assess candidates’ capabilities and competence; providing quarterly feedback and annual performance evaluations for assigned personnel; and establishing and managing development plans for assigned personnel. Also includes addressing performance problems promptly.
• Acting as an expert/internal consultant to the CAS staff on reporting related issues, including technical knowledge of the systems used.
• Performing other duties as requested by CAS management.
Bachelor's degree, or equivalent work experience
Ten or more years of experience in an applicable risk management environment
• Proven leadership skills.
• Proven adaptability to changing priorities.
• Excellent verbal and written communication skills.
• Strong critical thinking and analytical skills.
• Ability to manage multiple tasks and deadlines simultaneously.
• Ability to evaluate many concurrent reports and ensure they contain consistent messaging.
• Knowledge of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls.
• Knowledge of Financial Services Industry, including understanding of risk theory, control frameworks, applicable financial services industry trends, laws and regulations; and impact of government legislation and regulation on business.
• Ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance).
• Ability to be flexible with working hours.
Primary Location: Minnesota-MN-Minneapolis
Shift: 1st - Daytime
Average Hours Per Week: 40
Requisition ID: 180034426
Other Locations: United States
U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.
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.