Internal Audit Analyst

Job Description:Internal Audit Analyst

Collaborates with the Line of Business assigned, along with other professionals specializing in Risk, Compliance, and Audit, and RCA Managers to establish, execute, retain, scrutinize, or supervise a successful risk management configuration. Engages in ventures and tasks that guarantee adherence to applicable federal, state, and local legislation and standards. Identifies gaps and suggests solutions to minimize losses arising from insufficient internal processes, systems, or human inaccuracies. Recognizes, responds to, and raises concerns about risks appropriately. Acts as a functional mediator between the Line of Business and the Lines of Defense.

Benefits:

• Healthcare includes provisions for medical, dental, and visual health needs
• Term life insurance includes both basic and optional coverage options, allowing policyholders to select the type of policy that best suits their needs. Basic term life insurance provides a standard death benefit for a specified period, while optional term life insurance offers additional features that can be customized to enhance coverage. These policies provide peace of mind by ensuring financial protection for loved ones in the event of the policyholder's passing
• Short-term and long-term disability coverage are safety nets for individuals who experience disabilities that hinder their ability to work, with short-term benefits offering immediate aid and long-term benefits offering more extended assistance
• Maternity issues and parental leave policies
• The 401(k) plan serves as a tax-advantaged way for individuals to save for retirement through automatic contributions deducted from their paychecks
• Workers can enjoy a paid leave that varies from two to five weeks, contingent on their position's pay scale and tenure
• Take advantage of up to 11 paid holiday opportunities annually
• Adoption assistance
• Accruals for Sick and Safe Leave follow a protocol where employees earn one hour of leave for every 30 hours worked, up to a maximum of 80 hours annually unless specified by legal provisions

Primary Responsibilities:

• Supporting the supervision of audit tasks by assisting in the detailed planning process, such as grasping risk factors and risk management approaches, identifying and appraising business methodologies, major areas of risk, and vital control measures, conducting interviews with personnel under review, and assessing the sufficiency of control setup.
• Guiding staff auditors in the execution of control assessments as prescribed by audit program directives. This encompasses utilizing suitable sampling and testing approaches, evaluating pertinent issues, and recording completed work to substantiate audit outcomes and conform to internal audit standards.
• Crafting audit problems under the guidance of audit team management, including detecting vulnerabilities, significance, root causes, and generating cost-efficient proposals.
• Assisting in compiling and drafting audit reports as part of the audit wrap-up and reporting phases.
• Incorporating feedback and lessons learned from coaching into practical use.
• Undertaking supplementary assignments as instructed by managers.

Basic Qualifications:

• The completion of a bachelor's program is on par with having comparable work experience
• The standard expectation is to have accumulated over five years of applicable experience

Preferred Skills/Experience:

• In-depth knowledge of financial services industry essentials like financial reporting, accounting practices, taxation laws, SOX mandates, regulatory obligations, and risk oversight
• In-depth comprehension of the Worldwide Protocols for the Professional Execution of Internal Auditing
• CIA, CPA, or similar relevant professional certification or advanced degree
• Tremendous verbal and written communication aptitude is critical
• Strong capacity in critical thinking and analytical reasoning
• Proficiency in handling a variety of tasks and managing diverse deadlines simultaneously

Work Schedule:

This role requires a core schedule that entails being present in the office at least three days per week, with the option to work remotely on alternate 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:

The E-Verify program, overseen by the U.S. Citizenship and Immigration Services and used by U.S. Bank in all its facilities throughout the United States and certain territories, is an electronic method for confirming the eligibility of employees to work in the country.

Compensation:

The salary scale is based on the primary location mentioned and may be subject to adjustments depending on the geographical placement of the role. U.S. Bank features a comprehensive benefits package that encompasses incentive programs, recognition initiatives, stock purchase plans, 401(k) contributions, and pension benefits, all based on meeting certain conditions.

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