Internal Audit Associate

Job Description:Internal Audit Associate

Works in conjunction with the assigned Line of Business, in addition to other Risk, Compliance, and Audit peers, and RCA Managers to develop, deploy, sustain, assess, or supervise an efficient risk management framework. Takes part in ventures and undertakings that confirm compliance with pertinent federal, state, and community statutes and directives. Detects shortcomings and suggests resolutions to decrease losses linked to inadequate internal protocols, platforms, or human fallibility. Pinpoints, reacts to, and raises the profile of risks as needed. Functions as an operational intermediary between the Line of Business and the Lines of Defense.

Benefits:

• The field of healthcare encompasses medical treatment, dental procedures, and vision-related services
• Basic term life insurance is a fundamental form of protection that offers a straightforward policy with a fixed death benefit amount. In contrast, optional term life insurance provides flexibility for policyholders to choose additional coverage options or benefits to tailor the policy to their individual needs. Both basic and optional term life insurance serve as financial safeguards for beneficiaries in the event of the policyholder's death
• Short-term and long-term disability insurance offer financial assistance to individuals who are unable to work because of a disability, with short-term benefits aimed at providing temporary relief while long-term benefits provide more sustained support
• Disability during pregnancy and leave for caregivers
• An employer-funded retirement plan refers to a retirement savings strategy established by an employer for the benefit of its employees, often involving contributions made by the employer on behalf of the employees
• The duration of the paid vacation is determined by the employee's salary bracket and the length of their employment
• Benefit from as many as 11 paid holidays throughout the year
• Adoption assistance
• Employees can accumulate Sick and Safe Leave hours by earning one hour of leave for every 30 hours worked, not exceeding 80 hours per year unless a different statutory requirement is in place

Primary Responsibilities:

• Aiding audit team leaders in strategizing for audit assignments, encompassing the comprehension of risks and methods for risk control, recognizing and evaluating business operations, main sources of risk, and pivotal control mechanisms, conducting discussions with audit subjects, and gauging the appropriateness of control system designs.
• Managing the performance of staff auditors as they assess controls in alignment with audit program instructions. This entails employing relevant sampling and testing methodologies, evaluating significant matters, and documenting executed tasks to uphold audit determinations and adhere to internal audit protocols.
• Creating audit problem statements while being overseen by audit team leaders, involves pinpointing vulnerabilities, importance, fundamental causes, and forming economical suggestions.
• Aiding in the completion and submission of audit reports during the reporting and conclusion stages of audits.
• Implementing advice and instructions received during coaching sessions for personal improvement.
• Carrying out extra responsibilities as required by superiors.

Basic Qualifications:

• The accomplishment of a bachelor's degree holds the same weight as acquiring practical work background
• It is usual to possess more than five years of relevant work experience

Preferred Skills/Experience:

• Comprehensive understanding of the financial industry, including expertise in financial reporting, accounting principles, tax regulations, SOX requirements, regulatory compliance, and managing financial risks
• Profound knowledge of the International Criteria for the Professional Performance of Internal Audit
• CIA, CPA, or other pertinent professional credential or advanced academic achievement
• Strong communication skills, both orally and in writing, are highly valuable
• Demonstrating powerful skills in critical thinking and analysis
• Capability to juggle multiple assignments and adhere to different due dates at the same time

Work Schedule:

The job involves a centralized schedule that mandates a presence in the office for a minimum of three days weekly, while also offering the flexibility 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:

Participating in the U.S. Department of Homeland Security E-Verify program, U.S. Bank ensures that all its U.S.-based locations and specific territories adhere to the online system for verifying employment eligibility run by the U.S. Citizenship and Immigration Services.

Compensation:

The salary bracket is indicative of the figures associated with the stated primary location and may fluctuate based on where the job is situated. U.S. Bank presents a holistic benefits plan comprising of incentive schemes, commendation programs, stock purchase opportunities, contributions towards 401(k) plans, and retirement benefits, all subject to meeting specific requirements.

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