Audit Officer

Job Summary: Audit Officer: Partners with their assigned Line of Business, other Risk, Compliance, and 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 recommends solutions to minimize losses resulting from inadequate internal processes, systems, or human error. Identifies, responds to, and escalates risks as appropriate, serving as a functional liaison between the Line of Business and the Lines of Defense. Benefits:

• Comprehensive healthcare coverage including medical, dental, and vision services.
• Basic term life insurance with optional term life coverage.
• Short-term and long-term disability benefits providing financial assistance for temporary or permanent disabilities.
• Pregnancy-related disability coverage and parental leave options.
• 401(k) retirement plan with opportunities to invest in a variety of financial instruments.
• Paid vacation ranging from two to five weeks based on salary grade and length of service.
• Access to up to 11 paid holidays annually.
• Adoption assistance programs.
• Sick and Safe Leave accrued at one hour for every 30 hours worked, up to 80 hours per year unless otherwise required by law.

Primary Responsibilities:

• Collaborate with audit management to plan audit engagements, including understanding risks, risk management approaches, business processes, key risks, and critical controls.
• Direct or oversee staff auditors performing control testing in accordance with audit program guidelines, including appropriate sampling and testing techniques.
• Review and document audit work to support conclusions and ensure compliance with internal audit standards.
• Develop audit issue statements under audit leadership guidance, including identifying risks, impact, root causes, and cost-effective recommendations.
• Assist in the preparation and completion of audit reports during the audit closeout phase.
• Apply feedback and insights gained through coaching to improve performance.
• Perform additional duties as assigned by management.

Basic Qualifications:

• Bachelor’s degree or equivalent relevant work experience.
• More than five years of relevant professional experience.

Preferred Skills/Experience:

• Strong knowledge of the financial services industry, including financial reporting, accounting principles, tax regulations, SOX requirements, regulatory compliance, and risk management.
• In-depth understanding of the Global Standards for the Professional Practice of Internal Auditing.
• CIA, CPA, or other relevant professional certification or advanced degree.
• Excellent verbal and written communication skills.
• Strong critical thinking and analytical abilities.
• Ability to manage multiple tasks and meet competing deadlines.

Work Schedule: This role follows a hybrid work schedule requiring in-office presence for a minimum of three days per week, with remote work available on remaining days. Equal Employment Opportunity: U.S. Bank is an equal opportunity employer. All qualified applicants will receive consideration without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other status protected under applicable law. E-Verify Participation: U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program at all U.S. facilities and select U.S. territories. E-Verify is an internet-based employment eligibility verification system operated by U.S. Citizenship and Immigration Services. Compensation: The salary range listed is based on the primary job location and may vary depending on the role’s location. U.S. Bank offers a com Apply tot his job Apply To this Job