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The Corporate Audit Services (CAS) Senior Audit Manager is a senior level management position that is responsible for coordination and oversight of 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 supports the Audit Directors for WCIB, the Senior Audit Director and the Chief Audit Executive, in providing the Audit Committee and senior management with independent assurance and advisory services designed to evaluate and improve the effectiveness of risk management, control, and governance processes of U.S. Bancorp (USB), affiliates, wholly owned subsidiaries and entities where USB owns a majority (controlling) interest.

This senior leadership role is responsible for directing audit coverage across a complex portfolio of fiduciary, operational, regulatory, technology, and financial risks associated with corporate trust, institutional custody, securities custody and lending, structured products (asset backed securities, collateralized structures), corporate and municipal debt, capital markets servicing, and cross-border trust and custody activities. The position supports the Audit Director, Senior Audit Director, and Chief Audit Executive in providing independent assurance regarding the effectiveness of governance, risk management, and internal control processes.
The 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.
Primary Responsibilities:
Coordinating with others in the department in developing and driving the execution and coordination of the risk-based Annual Audit Plan for Global Corporate Trust and fiduciary products and services of the bank. Maintaining an effective Continuous Monitoring Program which monitors key risks within auditable entities across multiple risks, geographies, and entities and identifies any key emerging/evolving risks by routinely interfacing with independent peer banks on regulatory trends.
Ensure appropriate coverage of key risks across trustee, custody, depositary, securities lending, asset servicing, cash management, settlement, safekeeping, and securities processing functions.
Evaluate emerging risks associated with new products, market expansion initiatives, technology transformation, and regulatory change.
Lead a team of professionals and is expected to recruit, hire, and develop assigned personnel in accordance with U.S. Bank Human Resources Policies and Corporate Audit Services Policies, Standards and Guidelines.
Supervise team in the completion of engagements, ensuring the highest quality work delivered timely and appropriately focusing on legal entity and geography requirements. Supervision includes:
- Coordinating with others across the department to plan engagements.
- Ensuring reviews are performed to ensure audit engagement work supports audit scope and conclusions and adhere to internal audit policies and procedures.
- Reviewing audit reports and memos with international impact which communicate opinions and issues in a timely, clear, and concise manner.
- Monitoring progress of audit engagements against plan and schedule and working with managers to make necessary adjustments.
Overseeing board, committee and other stakeholder reporting for completeness, consistency with other internal audit material and accuracy of the most up-to-date information. Overseeing ongoing progress and remediation by management for trust and fiduciary related issues across the enterprise. Presenting as needed at committee and working group meetings.
Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating audit activities by integrating other internal audit subject matter teams (Anti-Money Laundering, Compliance, Risk Management, Data, Operations, etc.) to ensure appropriate and efficient coverage of the business products, services, and processes. Managing 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 both as part of engagements as well as for the benefit of team.
Performing other duties as requested by the Audit Director and Senior Audit Director.

Basic Qualifications
- Bachelor's or advanced degree, or equivalent work experience
- Typically more than 12 years of applicable experience

Preferred Skills/Experience

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. 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.

Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Fiduciary & Investment Risk Specialist (CFIRS), Certified Corporate Trust Professional (CCTP), Certified Corporate Trust Specialist (CCTS) required, or other relevant professional designation

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.

This role requires working from a U.S. Bank location three (3) or more days per week.