At U.S. Bancorp India, we’re on a journey to do our best. 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. Bancorp India 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 CAS Audit Project Manager is primarily responsible for completing internal audit engagement assignments with minimal supervision from audit team management. The Audit Project Manager is expected to understand risk and risk management techniques, identify and analyze business processes, key risks and critical controls, and evaluate control design adequacy; perform or supervise control testing; and document work performed in conformance with internal audit policies and procedures. This individual may also be involved in other side projects, department initiatives, and other administrative audit activities. The ideal candidate has internal audit experience in the financial services industry of areas including Consumer and Business Banking, Corporate and Commercial, and Capital Markets.
The primary focus of this role over the next 36 months includes completing annual key SOX financial statement control testing for internal audit and other audit support work specific to Banking Products. Internal audit performs SOX testing on behalf of management to ensure strong reliance by external auditors. The role may directly or indirectly lead team members.
Key accountabilities:
- Performing control testing and/or supervising staff auditors performing control testing based on audit program directions. Includes using appropriate sampling and control testing techniques; identifying and assessing the relevance of possible issues; and documenting work performed to support audit scope and conclusions, to facilitate an efficient review, and to meet internal audit policies and procedures.
- Drafting audit issues under the supervision of audit team management. Includes drafting potential exposures and significance, identifying appropriate root causes, and developing operationally effective and cost-effective recommendations.
- Assisting audit team management in the reporting and wrap-up phases of audits. Includes assisting with drafting audit reports.
- Learning from and applying coaching received.
- Serving as a subject matter expert in a particular topic, helping drive strategy, and may support multiple audit engagements covering the related topics.
- Handling complex tasks autonomously and being able to influence business line understanding of risk mitigation.
- Performing other duties as requested by audit team management.
- Assisting audit team management in planning audit engagements. Includes understanding risk and risk management techniques; identifying and analyzing business processes, key risks, and critical controls; interviewing auditees; and evaluating control design adequacy.
- Providing coaching and on-the-job training for team members, as applicable, to ensure engagements are completed in conformance with internal audit policies and procedures.
- Partnering with the assigned line of business, other Risk/Compliance/Audit (RCA) professionals and managers, and RCA Managers to, depending on their function, create, implement, maintain, review or oversee an effective risk management framework.
- Participating in projects and/or activities ensure compliance with applicable federal, state, and local laws and regulations.
- Identifying gaps and informing solutions that minimize losses resulting from inadequate internal processes, systems, or human errors.
- Identifying, responding to, or escalating risks, as appropriate.
Basic Qualifications:
- Bachelor's degree, or equivalent work experience
- Typically 6+ years of applicable experience
Preferred Skills and Experience:
- Advanced financial services industry knowledge relevant to Banking Products including Consumer and Business Banking (e.g., retail, business banking, mortgage, etc.), Corporate and Commercial Banking, and Capital Markets.
- Relevant Capital Markets product knowledge, including derivatives, foreign exchange, fixed income, and municipal products.
- Relevant knowledge of laws and regulations applicable to securities and derivatives, including Swap Dealer requirements, the Market Risk Rule, FINRA, MSRB, and the Volcker Rule.
- Relevant mortgage product knowledge including knowledge of laws and regulations applicable to mortgage originations, i.e., the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA).
- Applicable professional certifications or credentials, such as CIA, CPA, CFSA (Certified Financial Services Auditor), CRCM (Certified Regulatory Compliance Manager), FINRA licenses, CFA (Chartered Financial Analyst), CIDA (Certified Investments & Derivatives Auditor), another relevant professional designation, or an advanced degree.
- Relevant internal audit experience in the financial services industry in areas including SOX, regulatory compliance, and risk management.
- Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact Banking Products.
- Considerable understanding of Banking Product’s operations, products and services, systems, and associated risks and controls.
- Considerable knowledge of Risk/Compliance/Audit competencies and the ability to hold others accountable on individual projects.
- Advanced process facilitation, project management, and analytical skills for complex processes.
- Thorough understanding of The Institute of Internal Auditors’ Global Internal Audit Standards and the common definition of internal controls.
- Business acumen and credibility to help business lines proactively identify and address the evolving risk landscape and changing workforce needs.
- Excellent presentation, interpersonal, written, and verbal communication skills.
- Strong critical thinking and analytical skills.
- Proven adaptability to changing priorities and the ability to manage multiple tasks and deadlines simultaneously.
- Ability to successfully coordinate with multiple groups to complete projects.
- Proficient computer navigation skills using a variety of software packages, including Microsoft applications.
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.
Posting may be closed earlier due to high volume of applicants.
This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family.
