Senior Audit Project Manager - Payment Services

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.