Audit Project Manager – Model Risk

U.S. Bank

. Completing audit engagements, ensuring the highest quality work delivered timely.

Posted 5/17/2026full-timeMinneapolis • Illinois, Minnesota, North Carolina, Wisconsin • 🇺🇸 United StatesSeniorLead💰 $119,765 - $140,900 per yearWebsite

About the role

Key responsibilities & impact

Completing audit engagements, ensuring the highest quality work delivered timely.
Ensuring work contains relevant facts to support audit scope and conclusions and adheres to internal audit policies and procedures.
Drafting 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.
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.
Assisting the managers in reporting and wrap-up phases of audits.
Includes appropriate disposition of issues and drafting audit reports which include issues.
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.
Providing on-the-job training for staff, as needed.
Includes business knowledge of products, services, and delivery systems; company policies and procedures; applicable laws and regulations; and formal/informal control frameworks.
Collaborating across the three lines of defense regarding business processes, risks, and controls with focus over models and qualitative estimation methods.
Coordinating audit activities by integrating other internal audit subject matter teams 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.
Performing other duties as requested by management.

Requirements

What you’ll need

Bachelor's degree, or equivalent work experience
Typically more than eight years of applicable experience
Experience auditing risk functions
Advanced organizational skills
Excellent verbal, interpersonal, and written communication skills
Advanced process facilitation, project management, and analytical skills for complex processes
Adapts well to change
Strong critical thinking, analytical, decision-making, and problem-solving skills
Ability to extract, collect, organize, analyze, and interpret trends or patterns in data sets
Ability to manage multiple tasks and deadlines simultaneously
Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls
Experience executing audit engagements, and providing feedback to staff
Business acumen, credibility, and respectful demeanor to help line(s) proactively identify and address changing workforce needs
Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
Considerable understanding of the business line's operations, products/services, systems, and associated risks/controls
Considerable knowledge of Risk/Compliance/Audit competencies and ability to hold others accountable on individual projects

Benefits

Comp & perks

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

ATS Keywords

✓ Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

audit engagementsbusiness process analysisrisk assessmentcontrol design evaluationaudit program developmentdata analysisproject managementprocess facilitationreport draftinginternal controls

Soft Skills

organizational skillsverbal communicationinterpersonal skillswritten communicationcritical thinkinganalytical skillsdecision-makingproblem-solvingadaptabilityteam management

Certifications

Bachelor's degreeInstitute of Internal Auditors (IIA) Standards