Audit Project Manager - Credit Risk

Corporate Audit Services (CAS) Audit Project 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) Audit Project Manager is a senior-level auditor responsible for leading and executing high-quality audit engagements covering U.S. Bancorp's credit risk management activities. This role is designed for an experienced internal auditor who brings deep proficiency in audit methodology and execution, along with substantial experience auditing credit-related areas within a large financial institution.

The Audit Project Manager supports the CAS Senior Audit Manager Credit Risk in delivering independent assurance and advisory services to senior management and the Audit Committee. The role evaluates the effectiveness of governance, risk management, and internal controls across credit risk processes, including but not limited to credit monitoring, credit reporting, CECL, credit analytics, and credit review.

While this position has no direct reports, it carries significant responsibility for independently completing audit engagements with minimal supervision, providing technical leadership on credit risk audits, and ensuring work meets CAS quality standards and professional auditing requirements.

Primary Responsibilities

• Independently lead and execute audit engagements, or supervise audit staff when applicable, ensuring timely delivery of high-quality, well-supported audit results.
• Review and assess audit work to confirm accuracy, completeness, relevance, and adherence to internal audit policies, procedures, and IIA Standards.
• Evaluate audit issues to ensure appropriate identification of risk exposures, root causes, and practical, effective management action plans.
• Plan audit engagements by:
  • Understanding and documenting business processes
  • Identifying key risks and controls
  • Assessing control design and operating effectiveness
  • Developing audit programs that clearly support audit objectives
• Support audit reporting and wrap-up activities, including issue disposition and contribution to clear, concise, and well-supported audit reports.
• Monitor engagement progress against plan and schedule, proactively addressing risks to delivery and ensuring timely workpaper reviews.
• Provide on-the-job coaching and technical guidance to audit staff, with emphasis on audit execution quality and credit risk subject-matter application.
• Collaborate across the three lines of defense and with other CAS audit teams to ensure coordinated, risk-focused, and efficient audit coverage of credit-related activities.
• Perform other duties as assigned by management.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Typically more than eight years of applicable experience

Preferred Skills and Experience

• Bachelor's degree or equivalent work experience.
• Approximately eight years of relevant experience, with a strong foundation in internal audit execution.
• Five or more years of large-bank internal audit experience, including significant coverage of credit riskrelated audit areas, such as:
  • Credit review and loan review functions
  • Credit risk monitoring and reporting
  • CECL, credit loss forecasting, and credit analytics processes
  • Regulatory or supervisory credit-focused testing
• Experience may be gained through internal audit roles, regulatory agency examinations, or credit-focused audit work at a large public accounting or consulting firm.
• Strong understanding of banking regulations, safety-and-soundness expectations, and regulatory trends affecting credit risk management.
• Working knowledge of the IIA Practice Guide on Reliance on Other Assurance Providers.
• Thorough understanding of IIA Standards and internal control frameworks.
• Exceptional written and verbal communication skills.
• Demonstrated critical thinking, professional skepticism, and analytical judgment.
• Proven ability to manage multiple priorities and adapt to changing audit plans.
• CIA or other relevant professional certification, or advanced degree, strongly preferred.

*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:

• 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 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.