Job Description
The Corporate Audit Services (CAS) Senior Auditor Investment Services Europe is part of the broader CAS Europe team that provides IA services to the global USB Wealth, Corporate, Commercial and Institutional Banking (WCIB) and Payment’s business lines.
Global Fund Services (GFS) delivers fund administration, investor services, and regulatory reporting services to various alternative funds, including hedge funds, private equity, UCITS, ETFs, money market funds, real estate funds, and more. U.S. Bank Europe (USBE) – Depositary Services provides required oversight of alternative funds that are domiciled in Europe, including cash flow monitoring, safekeeping activities and asset verification. Corporate Trust Services provides specialized trustee and agency expertise to the debt capital and loan markets across the United States and Europe. There are currently three main offices in Europe in Ireland, London and Luxembourg.
USBE supports Investment Services through required regulated functions, such as branch operations providing banking and deposit functionality (UK, Ireland, Luxembourg), the sponsoring of full depository and depositary services, and corporate functions support when necessary or required (finance, tax, legal, human resources).
Key accountabilities
Assist the audit team management in planning audit engagements, including understanding risk and risk management techniques; identifying and analyzing business processes, key risks and critical controls; interviewing auditees; and evaluating control design adequacy.
Perform or supervise staff auditors in testing controls based on audit program directions, using appropriate sampling and control testing techniques; identifying and assessing the relevancy of possible issues; and documenting work performed to support audit scope and conclusions to facilitate an efficient review and meet internal audit policies and procedures.
Draft audit issues under the supervision of the audit team management, including drafting potential exposures and significance, identifying appropriate root causes, and developing recommendations that are operationally effective and cost‑effective actions to address those causes.
Assist the audit team in the reporting and wrap‑up phases of audits, including drafting audit reports.
Learn from and apply coaching received.
Perform other duties as requested by management.
Focus primarily on investment services business in Europe for Global Fund Services (GFS) and Corporate Trust and Custody.
Skills & experience required
A bachelor’s degree or Honors (Level 8) degree from an accredited university preferably with a major in accounting or finance, or equivalent work experience.
Professional Certification as a Chartered or Certified Accountant or Certified Internal Auditor.
Project Management Certification.
Five to seven years of applicable experience.
Experience with Asset Management, Fund Administration, Depositary and Custody, Global Corporate Trust.
Excellent verbal and written communication skills.
Strong critical thinking and analytical skills.
Ability to manage multiple tasks and deadlines simultaneously.
Proven adaptability to changing priorities.
Ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance).
Ability to collaborate with key stakeholders.
Thorough understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls.
Thorough understanding of risk theory, control frameworks, applicable financial services industry trends, laws and regulations, and the impact of government legislation and regulation on business.
Additional information
The role offers a hybrid/flexible schedule, which means there's an in‑office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
This position is not eligible for visa sponsorship.
Accessibility
We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.
Total Rewards
U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.
We offer a market‑competitive compensation package that includes:
Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.
Performance‑based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.
Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness.
Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.
Employee recognition programs that celebrate achievements and milestones for all.
We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.
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