SOX Administration Audit Manager

at U.S. Bank in Chicago, Illinois, United States

Job Description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Corporate Audit Services (CAS) SOX Admin Audit Manager supports internal audit leadership 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 position supports the Capital, Liquidity and Corporate Functions team within CAS.

The SOX Admin Audit Manager coordinates the performance of SOX 404 testing completed by CAS teams and the reporting of testing results in support of the USB’s SOX 404 program. This includes developing and delivering relevant training to all levels of CAS, providing overall progress reporting to key stakeholders including CAS leadership, second line of defense, and external auditors.

The SOX Admin Audit Manager also supports the assessment of the Company’s risk and control environments within the auditable entities, determines appropriate audit cycles, maintains an effective continuous monitoring program, and make necessary adjustments to the audit plan.

The Audit Manager will lead a team of audit professionals including third-party contractors (approximately 15-20) and is responsible for managing assigned personnel in accordance with U.S. Bank Human Resources policies and internal audit policies and procedures to achieve audit plan completion. The SOX Admin Audit Manager is expected to recruit, hire, and develop assigned staff to ensure work is completed in conformance with internal audit policies and procedures.

The SOX Admin Audit Manager is also expected to develop and deepen relationships with key internal and external stakeholders that include but are not limited to executive and senior management; internal control partners; and external auditors.

Primary Responsibilities

+ Coordinate the performance of SOX 404 testing and other audit support work completed by CAS teams and third-party contractors on behalf of CAS and report the testing results

+ Develop and deliver relevant training to all levels of CAS

+ Provide frequent overall progress reporting to key stakeholders including CAS leadership, second line of defense, third-party contractors, and external auditors

+ Provide day-to-day oversight and ownership of third-party contractors for all audit support work (e.g., SOX 404, confirmations, SOC-1, substantive, etc.)

+ Assist CAS teams in resolving issues and/or concerns and ensuring findings are adequately escalated to the correct parties

+ Periodically execute a variety of risk-based audits within the Capital, Liquidity and Corporate Functions team

+ Develop an appropriate risk-based audit plan for the SOX 404 process. This includes updating the auditable entity and assessing risk within the auditable entity; determining appropriate audit cycles and audit strategy; and determining necessary audit resources and estimated expenses associated with completion of a forward looking 12-18-month audit plan

+ Coordinate across the audit department to ensure audit support work tracks to agreed upon completion dates and budgeted hours

+ Maintain an effective continuous monitoring program which monitors key risks within Auditable Entities and identifies any key emerging/evolving risks through effective communication with key stakeholders, committee participation, etc.

+ Coordinate the discussion of potential exceptions with key stake holders (e.g., CAS teams, second line of defense, third-party contractors, and external auditors)

+ Supervise auditors in the completion of audit engagements. Includes planning audit engagements; assessing work performed by Audit Project Managers; performing sufficient work paper review to ensure work papers contain relevant facts to support audit scope and conclusions and adhere to CAS Policies, Standards and Guidelines; and drafting Audit Reports which communicate audit opinions and audit issues in a timely, clear and concise manner. Also includes monitoring progress of audit engagements against plan and schedule and making necessary adjustments.

+ Communicate status updates on audit support work with key stakeholders including CAS leadership, second line of defense, and external auditors

+ Providing quarterly briefings to the Audit Committee on the results and status of completed Audit Support work

+ Perform other duties as requested by internal audit leadership.

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at a U.S. Bank location, while having flexibility on their work location for the other working days .

Basic Qualifications

+ Bachelor’s degree, or equivalent work experience

+ Typically, more than eight years of applicable experience

Preferred Skills/Experience:

+ Degree preferably in Accounting or Finance

+ Ten or more years of experience in internal auditing, public accounting, or other relevant experience

+ Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) or other relevant professional designation or advanced degree

+ Advanced knowledge of financial accounting and internal control over financial reporting (ICFR) (e.g., SOX, PCAOB)

+ Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business

+ Advanced project management abilities including continuously engaging with multiple key stakeholders

+ Management of third-party relationships and day-to-day oversight to execute work on behalf of Internal Audit

+ Proficient computer skills, especially Microsoft Office applications

+ Excellent verbal and written communication skills, relationship building and negotiation skills. Ability to manage stressful situations

+ Strong critical thinking and analytical skill

+ Ability to manage multiple tasks and deadlines simultaneously

+ Proven adaptability to changing priorities

+ Proven leadership skills

+ Ability to build and continuously improve working relationships with internal audit peers, business line leaders, partners (risk and compliance), and external auditors

+ Ability to independently address unique and complex conflicts with business line and effectively negotiate as needed

+ Expert understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls

+ Expert understanding of the business line’s operations, products/services, systems and associated risks/controls.


If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants ( .

Learn how the way we work at U.S. Bank ( drives meaningful relationships with our customers and collaboration across the company.


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 fin

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Job Posting: JC239507269

Posted On: May 04, 2023

Updated On: Jul 13, 2023

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