Audit Analyst

Job Title: Audit Analyst

Job Description:

Works together with the designated Line of Business, in addition to other professionals specializing in Risk, Compliance, and Audit, and RCA Managers to design, execute, uphold, review, or oversee an effective risk management arrangement. Participates in initiatives and endeavors that secure compliance with applicable federal, state, and local statutes and regulations. Identifies gaps and puts forward resolutions to lessen losses caused by inadequate internal operations, platforms, or human mistakes. Identifies, reacts to, and escalates risks as required. Acts as a liaison between the Line of Business and the Lines of Defense.

Benefits:

• Healthcare involves the provision of medical treatment, dental care, and vision services
• Term life insurance, whether basic or optional, provides policyholders with a cost-effective way to secure financial protection for their loved ones. Basic term life insurance offers a simple policy with a fixed death benefit amount, while optional term life insurance allows for additional customization to meet individual needs. These types of insurance policies offer peace of mind by ensuring that beneficiaries will be financially supported in the event of the policyholder's death
• Short-term and long-term disability provisions are essential components of financial planning for individuals who may face disabilities that prevent them from working, with short-term benefits typically covering periods of temporary disability and long-term benefits serving for more prolonged conditions
• Maternal incapacity and leave entitlements for parents
• Both the 401(k) plan and an employer-funded retirement plan aim to provide employees with a means of saving for retirement, promoting long-term financial security
• The paid vacation period, which can last between two to five weeks, is influenced by the employee's salary grade and longevity within the company
• Make use of up to 11 paid holiday choices that are available
• Adoption assistance
• Employees earn Sick and Safe Leave hours through a system of accruing one hour of leave for every 30 hours worked, reaching a limit of 80 hours per year unless stipulated otherwise in legal regulations

Basic Qualifications:

• The possession of a bachelor's degree or the demonstration of equivalent work experience are both valued
• The customary expectation is for individuals to have beyond five years of applicable experience

Preferred Skills/Experience:

• Competency in a range of financial services field elements like financial reporting, accounting standards, taxation guidelines, SOX rules, compliance protocols, and risk control techniques
• Thorough understanding of the International Norms for the Professional Functioning of Internal Auditors
• CIA, CPA, or other appropriate professional accreditation or advanced level of education
• Outstanding skills in both spoken and written communication are advantageous
• Displaying adeptness in critical thinking and analysis
• Capacity to efficiently handle various tasks and adhere to numerous deadlines simultaneously

Primary Responsibilities:

• Helping audit team supervisors in preparing for audit projects, which entails understanding risk factors and risk mitigation strategies, identifying and assessing business operations, key risks, and critical control points, conducting interviews with audited individuals, and evaluating the adequacy of control system designs.
• Directing or overseeing staff auditors in the testing of controls as outlined in audit program instructions, which includes utilizing suitable sampling and control testing techniques, evaluating relevant issues, and documenting work conducted to uphold audit conclusions and adhere to internal audit policies.
• Formulating audit issues with the support of audit team leadership, comprising identifying exposures, significance, underlying factors, and devising cost-effective suggestions.
• Contributing to the audit team's efforts in creating comprehensive audit reports at the conclusion of audits.
• Applying insights gained from coaching sessions to enhance performance and outcomes.
• Completing other responsibilities as requested by the management team.

Work Schedule:

The job provides a centralized schedule that requires a physical presence in the office for at least three days per week, with the possibility of remote work on additional 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 requires all its facilities in the United States and designated territories to participate in the E-Verify program, a tool operated by the U.S. Citizenship and Immigration Services for verifying employment eligibility.

Compensation:

The salary range is reflective of the primary location listed and might differ depending on the specific location of the role. U.S. Bank provides an all-encompassing benefits package inclusive of incentive schemes, recognition programs, stock purchase opportunities, contributions towards 401(k) plans, and pension benefits, all subject to meeting the necessary criteria.

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