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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

U.S. Bank is seeking a highly skilled IS Governance Risk & Compliance Specialist specializing in Federal Audits and Vendor Compliance to drive our audit initiatives, ensuring full compliance with applicable federal regulations and internal risk management standards. As the lead auditor, you will be the primary liaison for federal audit requests from Bureau of Fiscal Service , overseeing audits of the bank's operations and ensuring the compliance of third-party vendors.

This role will require managing audits conducted by federal entities such as the Government Accountability Office (GAO) and developing a robust vendor audit process that ensures third-party service providers meet all regulatory and compliance standards. Your expertise in regulatory compliance and vendor audits will be critical to maintaining the bank’s risk management frameworks. Communication and coordination with third party vendors will be vital.

Key Responsibilities

• Lead and manage federal audits, particularly those conducted by the GAO , and serve as the main point of contact for audit requests from Bureau of Fiscal Service .

• Oversee and conduct vendor audits to ensure third-party vendors adhere to U.S. Bank’s risk management and regulatory requirements .

• Collaborate closely with Risk, Compliance, and Audit teams to develop and maintain risk management frameworks aligned with federal guidelines and vendor management standards.

• Identify and address gaps in internal processes, systems, and vendor controls, recommending and implementing corrective actions.

• Assist in managing vendor invoicing and financial tracking, ensuring vendor costs align with contractual agreements and bank policies.

• Serve as the liaison between U.S. Bank and federal agencies, ensuring clear communication and full compliance with audit requirements.

• Prepare and present comprehensive audit findings that are clear, actionable, and tailored to both technical and non-technical audiences.

• Ensure compliance with applicable federal, state, and local regulations across U.S. Bank's operations and vendor relationships.

Basic Qualifications

• U.S. Citizenship (required for compliance with federal security standards).

• Bachelor’s degree in a related field, or equivalent work experience.

• 5+ years of experience in regulatory compliance, audit, or risk management, including federal audit experience including GAO or other federal entity audits.

Preferred Skills/Experience

• Experience managing or conducting vendor audits in a highly regulated industry.

• In-depth knowledge of federal auditing standards and prior experience working with Bureau of Fiscal Service or other federal financial entities.

• Expertise in managing GAO audits, including the preparation and presentation of findings to various stakeholders.

• Strong understanding of vendor risk management and compliance processes, particularly in auditing third-party vendors.

• Exceptional project management skills, with a proven track record in leading complex audits and compliance initiatives across multiple organizations.

• Excellent communication skills, with the ability to effectively convey complex audit findings to both technical and non-technical audiences.

• Professional certifications such as Certified Internal Auditor (CIA) , Certified Regulatory Compliance Manager (CRCM) , or Certified Information Systems Auditor (CISA) are highly desirable. Leadership & Management: As the Senior Lead Auditor, you will mentor and guide junior audit staff, ensuring the effective management of audit timelines and processes.You will be the primary point of contact between U.S. Bank , federal regulators, and external audit bodies, ensuring smooth, efficient, and compliant audit processes.

• Knowledge of Federal security frameworks, including FedRAMP High, FISMA boundaries, Federal Information Processing Standards (FIPS) , and National Institute of Standards and Technology’s ( NIST ) standards.

Location Expectations

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.

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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):

• 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

EEO is the Law

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $116,280.00 - $136,800.00 - $150,480.00

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.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.