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 in areas including Financial Reporting, Accounting, Tax, SOX, Regulatory Compliance, Risk Management, etc.
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 Finance. 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 more than ten years of applicable experience
Preferred Skills and Experience:
- Relevant internal audit experience in the financial services industry in areas including Global Accounting and Operations, Corporate Finance, Tax, Business Area CFOs, Corporate Accounting, Business Line Controller Group, Financial Reporting, SOX, Regulatory Compliance, Risk Management
- Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact the assigned line of business.
- Considerable understanding of the business line’s operations, 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.
- Applicable professional certifications or other relevant professional designation or advanced degree, such as CIA, CPA.
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.
