Audit Consultant

Job Description:Audit Consultant

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:

• Provision of medical care, dental treatments, and vision solutions are essential aspects of healthcare
• Term life insurance, including basic and optional options, provides individuals with a practical way to protect their loved ones financially. Basic term life insurance offers a simple policy with a predetermined death benefit amount, while optional term life insurance allows for customization with extra coverage features. These insurance policies are essential tools for ensuring that beneficiaries are financially secure in the event of the policyholder's death
• Short-term and long-term disability benefits are instrumental in helping individuals facing disabilities to maintain financial stability during periods when they are unable to work, with short-term benefits providing short-lived aid and long-term benefits ensuring more extended coverage
• Pregnancy-related disabilities and parental leave options
• An employer-funded retirement plan may come in the form of a pension plan or a defined contribution plan, offering different structures for retirement savings
• Paid vacation time, which can vary between two to five weeks, is determined by both the employee's salary level and tenure at the company
• Utilize the opportunity to select from up to 11 paid holidays
• Adoption assistance
• The accrual rate for Sick and Safe Leave is set at one hour for every 30 hours worked, allowing employees to accumulate up to 80 hours per year unless dictated otherwise by the applicable legislation

Primary Responsibilities:

• Assisting the audit team management in planning audit engagements, including understanding risk and risk management techniques, identifying and analyzing business processes, key risks and critical controls, interviewing auditees, and evaluating control design adequacy.
• Leading staff auditors in testing controls following audit program guidelines, encompassing the use of relevant sampling and control testing methodologies, evaluating pertinent matters, and documenting work completed to validate audit conclusions and fulfill internal audit policies.
• Assisting in the preparation of audit issues under the supervision of audit team management, which includes identifying vulnerabilities, importance, root causes, and formulating cost-effective suggestions.
• Assisting in the preparation and compilation of audit reports for review and submission in the wrap-up phase of audits.
• Using coaching input to refine approaches and achieve desired results.
• Following through with extra duties as specified by supervisors.

Basic Qualifications:

• Meeting the requirements of a bachelor's degree is comparable to fulfilling the need for relevant work experience
• The standard requirement usually entails having more than five years of relevant experience

Preferred Skills/Experience:

• Sound familiarity with critical aspects of the financial services industry, such as financial reporting practices, accounting methodologies, tax implications, SOX guidelines, compliance requirements, and risk mitigation tactics
• Comprehensive awareness of the International Directives for the Professional Engagement of Internal Auditors
• CIA, CPA, or any other relevant professional designation or advanced academic achievement
• Remarkable verbal and written communication proficiency is crucial
• Exemplifying sharp critical thinking and analytical capabilities
• Skillful in multitasking and handling multiple deadlines simultaneously

Work Schedule:

The position offers a central schedule that requires a presence in the office for at least three days weekly, with the option to work remotely 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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