Senior Audit Project Manager Payment Services

Senior Audit Project Manager

The Senior Audit Project Manager within Corporate Audit Services (CAS) plays a critical role in providing independent assurance and advisory services to evaluate and improve risk management, control, and governance processes across U.S. Bancorp (USB), affiliates, and majority-owned entities. This position is dedicated to supporting the Payment Services division, ensuring robust audit coverage of its products, services, and operations.

The Payment Services division at U.S. Bank delivers innovative payment solutions, including credit, debit, and prepaid card issuance for consumers, businesses, and institutions. It also provides merchant authorization and settlement services. Payment Services is a dynamic and highly regulated environment requiring strong audit oversight.

The Senior Audit Project Manager will lead complex audit engagements focused on Payment Services, ensuring compliance with internal audit standards and regulatory requirements. This role emphasizes project management, risk assessment, and collaboration across multiple stakeholders to deliver high-quality audit results.

Primary Responsibilities

Audit Planning & Risk Assessment

Develop and maintain a risk-based audit plan for Payment Services, including identifying auditable entities, assessing risk, and determining audit cycles and resource needs for a 1218-month horizon.

Continuously monitor emerging risks and adjust audit plans accordingly.

Audit Execution & Quality Assurance

Manage end-to-end audit projects, including planning, fieldwork, and reporting.

Review work performed by auditors to ensure accuracy, relevance, and adherence to CAS policies and IIA Standards.

Draft clear, concise audit reports that communicate findings and recommendations effectively.

Stakeholder Engagement

Build strong relationships with Payment Services leadership, risk management teams, and regulatory bodies.

Collaborate across the three lines of defense to ensure comprehensive coverage of processes, risks, and controls.

Team Leadership & Development

Provide guidance, coaching, and performance feedback to audit staff.

Support recruiting, onboarding, and professional development initiatives.

Reporting & Governance

Prepare and review reports for senior management, committees, and regulators to ensure accuracy and completeness.

Other Duties

Assist with cross-functional audit projects and special initiatives as needed.

Basic Qualifications

• Bachelor's degree, or equivalent work experience - Typically more than 10 years of applicable experience

Preferred Skills & Experience

Bachelor's degree or equivalent work experience; advanced degree or professional certification (CIA, CPA, CISA) preferred.

8+ years of audit or risk management experience, with at least 3 years in project leadership roles.

Strong knowledge of Payment Services industry risks, controls, and regulatory requirements.

Excellent communication, analytical, and critical thinking skills.

Ability to manage multiple priorities and adapt to changing business needs.

Proven ability to build collaborative relationships across business lines and risk functions.

Thorough understanding of IIA Standards and internal control frameworks.

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

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours) :

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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range : $133,365.00 - $156,900.00