Senior Audit Manager - Capital Markets

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 Senior Audit Manager within Corporate Audit Services (CAS) delivers independent assurance and advisory services to evaluate and improve U.S. Bancorp’s (USB) risk management, control, and governance processes across the enterprise, including affiliates and majority-owned entities. This role provides senior-level audit coverage for Capital Markets and institutional broker-dealer activities, partnering with risk, compliance, operations, and technology stakeholders to assess end-to-end processes and controls. As a people leader, the Senior Audit Manager is accountable for leading audit teams, developing talent, managing performance, and driving consistent execution of high-quality audit coverage across complex Capital Markets activities. Primary Responsibilities Audit Planning & Risk Assessment Own and maintain a risk-based audit plan for Capital Markets and broker-dealer activities, including identification of auditable entities, risk assessment, audit cycle planning, and alignment with enterprise audit priorities. Monitor emerging risks, regulatory expectations, business changes, integrations, and market developments; adjust audit coverage and continuous monitoring activities accordingly. Lead audit universe maintenance and overall audit strategy for assigned Capital Markets coverage areas. Provide senior-level perspective on the quality of risk management, control environment trends, and coverage needs for Capital Markets and broker-dealer activities. Audit Execution & Quality Assurance Oversee the planning, scoping, execution, issue validation, and reporting of complex audit engagements across Capital Markets activities. Evaluate and challenge the design and operating effectiveness of controls across business processes, systems, products, and activities. Ensure audit workpapers, testing, issue documentation, and reporting meet CAS policies, IIA Standards, and internal quality expectations. Review and approve audit deliverables, including risk assessments, engagement plans, workpapers, issue write-ups, management action plans, and final reports. Drive consistent, timely, and high-quality execution across multiple engagements, priorities, and audit resources. Stakeholder Engagement & Reporting Build and maintain trusted relationships with business line leadership, risk, compliance, operations, technology, and other assurance functions. Provide credible challenge on risk identification, control design, control effectiveness, remediation plans, and management responses. Communicate audit results, themes, emerging risks, and insights to senior management, governance forums, and CAS leadership. Partner across the three lines of defense to support coordinated and effective audit coverage, while maintaining CAS independence and objectivity. People Leadership & Talent Development Lead, manage, coach, and develop a team of audit professionals supporting Capital Markets audit coverage. Set clear performance expectations, provide timely feedback, support career development, and foster accountability for high-quality execution. Manage staffing, resource allocation, engagement assignments, and workload across assigned audit activities. Support recruiting, onboarding, retention, succession planning, and development of specialized Capital Markets audit talent. Promote an inclusive, collaborative, and results-oriented team culture aligned with CAS expectations. Leadership & Execution Support Lead or support cross-functional audits, enterprise initiatives, regulatory remediation reviews, integrations, system changes, and special projects as needed. Coordinate internal staff, subject matter specialists, and co-sourced resources to deliver audit objectives effectively. Contribute to CAS methodology, quality, reporting, and continuous improvement initiatives. Basic Qualifications Bachelor's or advanced degree, or equivalent work experience Typically more than 15 years of applicable experience Preferred Skills/Experience Strong audit experience covering trading-related activities, including institutional equities trading, electronic and systematic trading models, outsourced trading, prime brokerage, and capital markets products, with exposure to associated risk, compliance, and control frameworks across U.S., U.K., and Asia. Subject matter expertise in multi-product capital markets and broker-dealer audit domain, including front-to-back business and operating models, sales and trading, risk and control functions, clearing and settlement, supporting technology platforms, and global operating structures. Strong knowledge of audit, risk, and compliance frameworks, including IIA Standards and internal control principles. Advanced analytical, critical thinking, and problem-solving skills, with the ability to assess complex products, processes, risks, and control environments. Strong business acumen and ability to build credibility with senior business line and control partners. Excellent written and verbal communication skills, including the ability to effectively engage senior stakeholders and governance forums. Proven ability to manage and deliver complex initiatives, such as integrations, system changes, regulatory remediation, and cross-functional audit coverage. Strong leadership, coaching, performance management, and team development skills. Professional certifications preferred, such as CIA, CPA, or CISA. *This role requires working from a U.S. Bank location three (3) or more days per week. 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: 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 Review our full benefits available by employment status here. U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law. 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. Pay Range: $194,225.00 - $228,500.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants. #J-18808-Ljbffr Us Bank