Senior Audit Manager Digital Assets, Money Movement, and AI

Corporate Audit Services Senior Audit Manager

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 atall from Day One.

The Corporate Audit Services (CAS) Senior Audit Manager supports the Audit Director and Senior Audit Director, 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. This role sits within the CAS DTOS audit team and leads audit coverage for Digital Assets, Money Movement, and Artificial Intelligence. The position requires a high level of engagement with auditors, senior management, Independent Risk Management, Compliance, Technology, Product, and Operations, as well as ongoing interaction with regulatory agencies. Given the pace of innovation and regulatory change in these domains, the role demands strong cross functional collaboration across multiple products, platforms, and end to end processes, including customer facing and back office activities. The Senior Audit Manager will supervise Audit Project Managers, Senior Audit Project Managers and other Senior Audit Managers, ensuring audit engagements are delivered timely, within budget, and at the highest quality standards, while maintaining independence and sound professional judgment.

Key Responsibilities

• Lead the audit coverage strategy for Digital Assets (including custody, tokenization, blockchain enabled platforms), Money Movement (payments, wires, ACH, RTP, wallets), and Artificial Intelligence (AI/ML models, GenAI use cases, decision automation).
• Oversee audits assessing governance, risk management, controls, and regulatory compliance across these domains, including integration with Technology Risk, Model Risk Management, Data Risk, and Financial Crime frameworks.
• Act as a subject matter leader for emerging risks, translating regulatory guidance, industry developments, and supervisory feedback into actionable audit coverage.
• Supervise audit teams to ensure audits are completed timely, within budget, and meet CAS quality and documentation standards.
• Partner closely with Independent Risk Management, Compliance, and Business Line leadership to drive risk focused dialogue and influence sustainable control improvements.
• Serve as a risk stripe owner or co-owner for Digital Assets, AI, and/or Money Movement risks, as assigned, and support broader CAS initiatives.

Other Responsibilities

• Coordinating with the Audit Director in developing and driving execution of the risk-based Annual Audit Plan for Digital Assets, Money Movement, and Artificial Intelligence.
• Driving progress of audit engagements against plan and schedule and working with Audit Managers to make necessary adjustments.
• Driving board, committee and other stakeholder reporting for completeness, consistency with other internal audit material and accuracy of the most up-to-date information.
• Monitoring ongoing progress and remediation by management for all outstanding Digital Assets, Money Movement, and Artificial Intelligence issues across the enterprise and supporting other Senior Audit Managers.
• 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; 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.
• Drive automation and data analytics opportunities within their portfolio.

Basic Qualifications - Bachelor's or advanced degree, or equivalent work experience - Typically more than 15 years of applicable experience

Preferred Skills/Experience

• Seven or more years of progressive experience in internal auditing, public accounting, regulatory, or other relevant experience
• CIA, CPA, CISA or other relevant professional designation.
• Expert understanding of Institute of Internal Auditors' Standards and the common definition of internal controls.

Key Skills and Experience

• Strong familiarity with IT and Technology Risk Governance frameworks, including COBIT, NIST, FFIEC, Cloud Security Alliance, and secure architecture patterns supporting modern payment and AI platforms.
• Deep understanding of Digital Assets and Distributed Ledger Technologies, including custody models, private key management, smart contracts, blockchain governance, and associated operational and technology risks.
• Extensive experience auditing Money Movement and Payments ecosystems, including ACH, wires, RTP, cards, wallets, and cross border payments, with strong awareness of AML/BSA, sanctions, fraud, and operational resiliency considerations.
• Proven expertise assessing Artificial Intelligence and Model Risk, including AI governance, model lifecycle management, explainability, bias and fairness, data lineage, validation, and monitoring in alignment with SR 11 7 and emerging AI regulatory expectations.
• Strong understanding of data governance, data quality, and data lineage as they relate to AI models, payments processing, and digital asset platforms.
• Familiarity with several IT and Data Governance frameworks and guidelines, including Cloud Security Alliance Cloud Controls Matrix, DAMA, COBIT, NIST, and FFIEC, Databases (e.g., Oracle, SQL, DB2), Client OS (e.g., Windows, UNIX, Mainframe) Technology Architecture, Governance, Data Platforms (e.g. Snowflake) and key processes (e.g., Change Management, Problem and Incident Management).
• Extensive knowledge and experience assessing data management strategy, governance, 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)).

Senior Audit Manager will exhibit:

Business Acumen Has impressive intellectual and critical thinking skills and can be assertive with 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 OneUSB firm first mindset

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

U.S. Bank is an equal opportunity employer. We consider all qualified