Senior Audit Manager - U.S. and European Global Corporate Trust Solutions

About the role

The Corporate Audit Services (CAS) Senior Audit Manager is responsible for coordinating and overseeing audit activities related to Global Corporate Trust (GCT) products and services within U.S. Bank’s Wealth, Corporate, Commercial and Institutional Banking (WCIB) business. This role provides independent assurance and advisory services to the Audit Committee and senior management.

Responsibilities

• Develop and drive the execution of the Annual Audit Plan for Global Corporate Trust and fiduciary products and services.
• Maintain an effective Continuous Monitoring Program to monitor key risks.
• Evaluate emerging risks associated with new products, market expansion initiatives, technology transformation, and regulatory change.
• Lead a team of professionals, recruiting, hiring, and developing assigned personnel.
• Ensure appropriate coverage of key risks across trustee, custody, depositary, securities lending, asset servicing, cash management, settlement, safekeeping, and securities processing functions.
• Oversee board, committee, and other stakeholder reporting for completeness, consistency, and accuracy.
• Monitor progress of audit engagements against plan and schedule, and work with managers to make necessary adjustments.
• Present as needed at committee and working group meetings.
• Collaborate across the three lines of defense regarding business processes, risks, and controls.
• Coordinate audit activities by integrating other internal audit subject matter teams.
• Manage the team’s workload to assist other audit teams when resources are needed for areas of higher risk.
• Drive automation and data analytics opportunities within their portfolio.

Requirements

This role requires a recognized subject matter expert with demonstrated experience in corporate trust, fiduciary services, securities servicing, trustee activities, custody operations, global capital markets, and applicable U.S. and European regulatory frameworks. It typically requires 12+ years of progressive experience in internal audit, external audit, risk management, regulatory supervision, compliance, fiduciary oversight, or financial services operations. 8+ years of experience auditing or managing risks associated with corporate trust, institutional trust, custody, securities servicing, capital markets operations, trustee services, or related financial services are preferred. A Bachelor's or advanced degree, or equivalent work experience, and a Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Fiduciary & Investment Risk Specialist (CFIRS), Certified Corporate Trust Professional (CCTP), or Certified Corporate Trust Specialist (CCTS) certification are required.

Qualifications

• Bachelor's or advanced degree, or equivalent work experience.
• Typically more than 12 years of applicable experience.
• 8+ years of experience auditing or managing risks associated with corporate trust, institutional trust, custody, securities servicing, capital markets operations, trustee services, or related financial services.
• Technical knowledge of corporate trust products and services, including trustee, agency, custody, safekeeping, and regulatory frameworks.
• 5+ years of management experience leading teams and complex audit portfolios.
• Demonstrated experience interacting with executive management, regulators, and governance committees.

Skills

• Expert level of verbal and written communication, relationship building, and negotiation skills.
• Ability to manage multiple tasks and deadlines simultaneously.
• Expert understanding of Institute of Internal Auditors’ Standards and the common definition of internal controls.
• Overall understanding of multiple risk disciplines.
• Relevant Financial Service Industry and Technical knowledge, including understanding of risk theory, control frameworks, applicable financial services industry trends, laws and regulations; and impact of government legislation and regulation on business.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law