Senior Audit Project Manager - Payment Services

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 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 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 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 12-18-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 8 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.

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

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.

Benefits:

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:

• 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

Review our full benefits available by employment status here.

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.

E-Verify

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.

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.