Audit Specialist

Audit Specialist

Job Summary:

Partners with their assigned Line of Business, other Risk/Compliance/Audit professionals, and RCA Managers to create, implement, maintain, review or oversee an effective risk management framework. Participates in projects and activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and informs solutions that minimize losses resulting from inadequate internal processes, systems or human errors. Identifies, responds to, and escalates risks as appropriate. Serves as a functional liaison between the Line of Business and the Lines of Defense.

Benefits:

• The healthcare sector encompasses services related to medical, dental, and vision care
• Basic term life insurance offers a standard policy with a set death benefit amount and term length, providing straightforward coverage at an affordable price. Optional term life insurance allows policyholders to enhance their coverage with additional features or benefits that can be tailored to their specific needs. Both basic and optional term life insurance play a crucial role in safeguarding the financial well-being of beneficiaries in the event of the insured individual's death
• Short-term and long-term disability aids offer financial relief to individuals who are unable to engage in work due to disabilities, with short-term benefits providing immediate assistance and long-term benefits offering sustained financial support
• Prenatal disabilities and childcare leave
• By participating in a 401(k) plan, employees have the opportunity to invest their contributions in various financial instruments, such as stocks, bonds, and mutual funds
• The length of the paid vacation offered, ranging from two to five weeks, is based on the employee's salary category and duration of employment
• Access up to 11 paid holiday options for your enjoyment
• Adoption assistance
• Accumulation of Sick and Safe Leave is calculated by granting one hour of leave for every 30 hours worked, with the maximum annual accrual set at 80 hours unless mandated by law

Primary Responsibilities:

• Supporting the management of audit tasks by contributing to the planning stage, comprising the understanding of risk elements and risk control tactics, pinpointing and evaluating business procedures, significant risks, and essential control elements, engaging in interviews with audit subjects, and appraising the efficacy of control mechanisms.
• Supervising the performance of staff auditors as they conduct control tests according to audit program directions. This includes applying appropriate sampling and testing techniques, evaluating relevant issues, and documenting tasks performed to support audit findings and adhere to internal audit procedures.
• Developing audit problem statements under audit team supervision, involving the identification of risks, importance, root causes, and the creation of cost-efficient recommendations.
• Supporting audit managers in the reporting and finalization phases of audit projects by preparing audit reports.
• Drawing on coaching feedback to improve one's abilities and competencies.
• Handling additional tasks as directed by higher-ups.

Basic Qualifications:

• A bachelor's degree or the attainment of similar work experience is considered essential
• It is common for candidates to have over five years of relevant experience

Preferred Skills/Experience:

• Adept in essential components of the financial services sector, which include financial reporting, accounting procedures, tax regulations, SOX compliance, regulatory standards, and risk management strategies
• Proficient knowledge of the Global Regulations for the Professional Practice of Internal Auditing
• CIA, CPA, or similar applicable professional credential or advanced academic degree
• Superior verbal and written communication expertise is a significant asset
• Having advanced critical thinking and analytical skills
• Proficient in managing multiple assignments and meeting various timeframes concurrently

Work Schedule:

This role involves a core schedule that entails being in the office for a minimum of three days each week and allows for remote work on other days.

Equal Employment Opportunity:

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 Participation:

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 U.S. Citizenship and Immigration Services.

Compensation:

The salary range reflects figures based on the primary location listed. The actual range may vary depending on the roles location. U.S. Bank offers a comprehensive benefits package including incentive programs, recognition programs, equity stock purchase, 401(k) contribution, and pension benefits (all subject to eligibility requirements).

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