U.S. Bank Quantitative Model Risk Audit Manager in Saint Louis, Missouri

The Corporate Audit Services Quantitative 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.

The Quantitative Audit Manager will lead a team of audit professionals 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 Quantitative Audit Manager is expected to recruit, hire, and develop assigned staff to ensure audit engagements are completed in conformance with internal audit policies and procedures.


  1. Providing quantitative expertise to assist in completion of the audit plan, including collaborating with audit teams regarding models and other quantitative methods.

  2. Interacting regularly with business line and risk management leaders, regulators, and external subject matter experts. Assist in adjusting the audit plan where appropriate based on those interactions.

  3. Supervising audit staff in the completion of audit engagements, ensuring the highest quality work delivered timely. Supervision includes:

• Planning audit engagements.

• Assessing work performed by lead auditors.

• Performing sufficient reviews to ensure work contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.

• Drafting audit reports which communicate audit opinions and audit issues in a timely, clear and concise manner.

• Monitoring progress of audit engagements against plan and schedule and making necessary adjustments.

  1. Managing, motivating, and developing assigned personnel in accordance with U.S. Bank Human Resources policies and internal audit policies and procedures. These duties include active participation in recruiting activities; establishing and managing development plans for assigned personnel; and providing quarterly performance feedback and annual performance evaluations for assigned personnel. Also includes addressing performance problems promptly.

  2. Performing other duties as requested by management.


Basic Qualifications

  • Bachelor's degree, or equivalent work experience (preferably in Accounting, Finance, Management Information Systems [MIS], Mathematics, Economics or Statistics)

  • Ten or more years of experience in an applicable risk management environment (with any combination of quantitative, audit, model validation, relevant review and testing experience in risk management, or other relevant experience)

  • Applicable certifications

Preferred Skills/Experience

  1. Five or more years of experience in a quantitative field.

  2. Excellent verbal and written communication skills.

  3. Strong critical thinking and analytical skills.

  4. Ability to manage multiple tasks and deadlines simultaneously.

  5. Proven adaptability to changing priorities.

  6. Advanced to expert understanding of model risk concepts such as governance, inventories, documentation, validation and use.

  7. MA/MS/MBA/PhD or comparable advanced degree.

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

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

  10. Understanding of Institute of Internal Auditors (IIA) Standards and the common definition of internal controls.

  11. CIA, CPA, CFA or other relevant professional designation

  12. Knowledge of Commercial Banking.

Job: Risk/Compliance/QC/Audit/Fraud

Primary Location: Minnesota-MN-Minneapolis

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 180027670

Other Locations: North Carolina-NC-Charlotte, IL-IL-Chicago, Missouri-MO-Saint Louis, Ohio-OH-Cincinnati, United States, Wisconsin-WI-Milwaukee

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.