Senior Audit Project Manager- Transformation Initiatives (Generative AI) and Digital

U.S. Bank Corporate Audit Services (CAS) is seeking a strong candidate to join our growing team of audit professionals within the Digital, Technology and Operations Services team.  This role will support development and implementation of an audit coverage strategy for AI, including Generative AI, as well as lead audits focused on AI to assess the Company’s governance, risk management framework and supporting control processes. 

This position also will support audit coverage of Transformation Initiatives and the U.S. Bank Digital Organization, including audits of the bank’s digital channels, emerging technologies and innovation projects including Mobile Banking, Online Banking, Open Banking (Application Programming Interface (API)), and Voice Assistant. The audits conducted by the candidate support execution of the Audit Committee’s approved plan and provide Senior Management with recommendations to strengthen key business processes and ensure a successful transformation. 

The Corporate Audit Services Senior Audit Project Manager is primarily responsible for supervising staff in the completion of audit engagements with minimal supervision from managers, however there are no direct reports. The Senior Audit Project Manager is expected to monitor progress of audit engagements against plan and schedule, assess work performed by the audit engagement team, and provide coaching and on-the-job training for team members to ensure engagements are completed in conformance with internal audit policies and procedures. 

Primary Responsibilities :

1. Monitoring the most relevant Transformation initiatives within the bank, with a primary focus on Generative AI. 

2. Develop and share knowledge, within CAS, related to the Financial Service Industry, emerging technologies (e.g. Generative AI), and transformation practices. 

3. Completing or assisting managers in planning audit engagements. Includes identifying and analyzing business processes, key risks and critical controls; interviewing auditees; determining audit scope; evaluating control design adequacy; and developing audit programs which provide sufficient guidance for testing control performance effectiveness and making evaluations which effectively achieve audit objectives. 

4. Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes: 

• Assessing work performed by staff by providing coaching notes that are relevant to the scope, accuracy and completeness of work performed. 

• Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures. 

• Reviewing issues to ensure potential exposures and significance are included, root causes are identified, and operationally effective and cost-effective actions to address those causes are developed into appropriate recommendations. 

5. Assisting the managers in reporting and wrap-up phases of audits. Includes appropriate disposition of issues and drafting audit reports which include issues. 

6. Monitoring progress of audit engagements against plan and schedule. Includes making necessary adjustments and promptly completing work paper reviews on a timely basis to ensure all issues are identified and dispositioned prior to report draft issuance. 

7. Providing on-the-job training for staff. Includes business knowledge of products, services, and delivery systems; company policies and procedures; applicable laws and regulations; and formal/informal control frameworks. 

8. Collaborating across the three lines of defense regarding business processes, risks, and controls. Coordinating audit activities by integrating other internal audit subject matter teams (Information Technology, Banking Products, Operations, Compliance, Risk Management, Treasury, 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. 

9. Performing other duties as requested by management. 

Preferred Skills/Experience 

- Advanced degree in Statistics/Computer Science/Mathematics/Financial Engineering 

-Experience with developing, validating and auditing of AI/ML models, Application Controls, Cloud, Emerging Technologies, Information Technology and Digital Banking 

- Programming experience in Python, R, C ++ and JavaScript as well as experience with Natural Language Processing (NLP) and Large Language Models (LLM) 

- Advanced Financial Service Industry knowledge (e.g., Digital Banking, Models, Fraud, Information Security and Systems, Banking Products, Regulatory Compliance, Operations, etc.) 

- Relevant knowledge of digital transformation principles and concepts, including agile, scrum, and user experience design 

- Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls 
-CIA, CISA, CPA, PMP, CSM or other relevant professional designation or advanced degree 
- Excellent verbal and written communication skills 
-Strong critical thinking, analytical, decision-making and problem-solving skills 
- Proven leadership skills 
-Proven adaptability to changing priorities 
-. Ability to manage multiple tasks and deadlines simultaneously

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.