Internal Auditor

Internal Auditor

Job Description:

Collaborates with designated Line of Business, as well as other professionals in the fields of Risk, Compliance, and Audit, alongside RCA Managers to establish, execute, monitor, or supervise a robust risk management structure. Engages in initiatives and tasks to guarantee adherence to relevant federal, state, and municipal statutes and rules. Pinpoints deficiencies and proposes remedies to decrease damages arising from insufficient internal procedures, technologies, or human mistakes. Recognizes, addresses, and raises awareness of risks as necessary. Acts as a connection point between the designated Line of Business and various Lines of Defense.

Benefits:

• Medical services, dental care, and vision assistance fall under the umbrella of healthcare
• Term life insurance, both basic and optional, is a type of financial protection that offers coverage for a specific period, typically ranging from five to thirty years. Basic term life insurance provides a straightforward policy with a death benefit paid out if the policyholder passes away during the term. On the other hand, optional term life insurance allows policyholders to customize their coverage with additional features or benefits
• Short-term and long-term disability benefits are designed to provide financial support for individuals who are unable to work due to a disability, with short-term benefits typically covering a shorter duration than long-term benefits
• The topic of pregnancy-related incapacity and time off for new parents
• A 401(k) plan is a type of retirement savings account that is sponsored by an employer, allowing employees to contribute a portion of their pre-tax earnings towards retirement
• Depending on their pay level and years of service, employees are entitled to a vacation period that ranges from two to five weeks
• Enjoy the chance to partake in up to 11 paid holiday options
• Adoption assistance
• Accruals for Sick and Safe Leave are based on the number of hours worked, with one hour earned for every 30 hours worked, totaling up to 80 hours per year unless mandated differently by legislation

Primary Responsibilities:

• Assisting the management of the audit team in organizing audit projects, which involves comprehending risk factors and strategies for risk mitigation, recognizing and examining operational procedures, significant risks, and essential controls, conducting interviews with individuals being audited, and assessing the effectiveness of control frameworks.
• Overseeing staff auditors in conducting control tests according to audit program guidelines, which involve applying suitable sampling and testing methods, evaluating pertinent concerns, and recording activities carried out to substantiate audit findings and comply with internal audit regulations.
• Assisting audit team management in formulating audit problems by recognizing risks, importance, underlying reasons, and creating efficient suggestions.
• Supporting audit team leaders in finalizing and concluding audit processes, such as preparing audit findings for presentation.
• Utilizing guidance obtained through coaching sessions to enhance skills and knowledge.
• Fulfilling additional tasks as assigned by supervisors.

Basic Qualifications:

• Attaining a bachelor's degree is equivalent to gaining relevant work experience
• Generally, having over five years of relevant experience is the norm

Preferred Skills/Experience:

• Proficiency in various aspects of the financial services sector such as financial reporting, accounting, taxation, Sarbanes-Oxley Act (SOX) compliance, regulatory adherence, and risk mitigation
• Comprehensive grasp of the Global Guidelines for the Professional Conduct of Internal Auditors
• CIA, CPA, or any other applicable professional certification or advanced educational qualification
• Proficient abilities in verbal and written communication are essential
• Possessing robust critical thinking and analytical abilities
• Skill in handling numerous responsibilities and meeting various time constraints concurrently

Work Schedule:

The position entails a central timetable that necessitates a physical presence in the office for a minimum of three days each week, allowing for the option to work from a remote location for the remaining days.

Equal Employment Opportunity:

U.S. Bank upholds principles of fair employment by treating all qualified candidates equally, irrespective of their race, religion, gender, national origin, age, sexual orientation, disability, veteran status, or other protected characteristics as defined by the law. Discrimination based on these factors is strictly prohibited by U.S. Bank as an equal opportunity employer. U.S. Bank ensures that all applicants are fairly considered for employment opportunities without bias towards any specific demographic or personal attribute. The company values diversity and inclusivity by giving fair and unbiased consideration to all eligible candidates, regardless of their backgrounds or individual characteristics. U.S. Bank follows non-discriminatory hiring practices that prioritize qualifications, skills, and abilities over personal attributes like race, religion, gender, or age. U.S. Bank's commitment to equal employment opportunities is demonstrated through its policy of considering all applicants fairly, without discrimination based on factors such as race, religion, sexual orientation, or veteran status. U.S. Bank maintains a fair and inclusive recruitment process that evaluates candidates solely on their qualifications and abilities, without any prejudice based on personal characteristics or backgrounds. U.S. Bank emphasizes the importance of equal opportunity by ensuring that all applicants are evaluated based on their merits, skills, and experience, rather than on factors like race, gender, or disability. The company adheres to legal standards that protect individuals from discrimination based on various factors, demonstrating its commitment to providing fair employment opportunities for all applicants.

E-Verify Participation

U.S. Bank is involved in the E-Verify program by the U.S. Department of Homeland Security in its facilities across the United States and some U.S. territories. This program, managed by the U.S. Citizenship and Immigration Services, is an online tool for checking employment eligibility.

Compensation

The salary range is determined by the main location provided and can differ depending on where the position is based. U.S. Bank provides an extensive benefits package which includes incentive programs, acknowledgment initiatives, stock purchase options, 401(k) contributions, and retirement benefits, all contingent on meeting eligibility criteria.

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