Senior Manager, Internal Audit- Market, Capital, Liquidity

Your opportunity

The Internal Audit Department (IAD) of The Charles Schwab Corporation provides independent and objective assessments to figure out whether all significant risks are identified and appropriately reported by management and risk functions to the Board and Executive Management, to evaluate whether risks are adequately controlled, and to challenge Executive Management to improve the efficiency of governance processes, risk management, and internal controls.

The Corporate enterprise team is seeking an Internal Audit Senior Manager. The Corporate team is responsible for execution of audits over the firm’s corporate and risk management functions. Corporate audits cover areas such as marketing, finance, treasury, accounting, vendor management, and human resources. Risk Management audits cover areas such as compliance, credit, liquidity, interest rates, and operational risk management. The team also performs testing to confirm remediation of audit issues and regulatory issues. 

Reporting to a Director of the Corporate enterprise team, the Internal Audit Senior Manager will have responsibility for the independent and objective assurance activity designed to improve the organization’s operations and compliance with key regulations by evaluating and improving the efficiency of risk management, control, and governance processes. This position is also responsible for working with auditing resources provided by an external co-sourcing provider. This individual will not have administrative responsibilities for direct reports.  As a Senior Manager this individual will also work on department wide initiatives and run the larger and/or more complex audits.  

What you’ll do:

• Audit Execution:

• Direct and supervise the execution of internal audits. Ensure work is performed in accordance with IIA standards and IAD policies and procedures.
• Participate in an audit team that may include internal or co-sourced internal audit professionals.

• Lead meetings with partners
• Ensure coordination with integrated and data analytic audit teams
• Reviewing work papers to ensure clear identification of risks and issues, validating appropriateness of fieldwork testing, and sign-off on audit deliverables.
• Handle and advance changes in audit timelines, budget, resourcing, and achievements.
• Assess the quality of management’s Risk & Control Self-Assessments; and support the assessment of the operational risk management program that leads the RCSA program.

• Issues Identification: Review draft issue observations, vet issues with key partners, identify compensating controls, and evaluate the appropriateness of the management action plan prior to finalizing the audit report.
• Issue Management and Validation: Monitor and review issue validation testing to ensure comprehensive testing and adherence to SLAs. Ensure accurate team reporting of issue validation status.
• Business and Project Monitoring: Coordinate and participate in the department’s business and project monitoring program execution to identify emerging risks. Document meeting minutes.
• Risk Assessment:Participate in the annual Risk Assessment process, including the scoring and documentation of risk ratings. Review audit universe updates after the completion of each audit.
• Coaching:Provide support, mentoring, and feedback to the audit team throughout the audit. Provide assistance with onboarding and ongoing support to new team members. 

• Regulatory: Conduct or review validation testing on the action plans completed by management to address MRAs. As needed, provide responses to IAD management related to regulatory questions during exams.
• Administration/Training: Completion of firm-wide and departmental administration and training requirements.
• Other Initiatives/Special Projects: As needed, assist with special projects related to business operational improvement or department strategic initiatives.

What you have

• 8+ years of financial services-related audit experience with increasing responsibility. Risk Management, Corporate Functions and/or Treasury experience specific to internal audit and/or similar Big 4 Accounting or regulatory experience a plus.
• Demonstrated experience leading internal audits and their associated team members, amongst a complex operational and regulatory environment
• Ability to lead a project team and cultivate a strong working relationship with external co-sourcing provider, regulators, and internal lines of businesses.
• Strong understanding of prudential regulatory requirements and expected practices for managing interest rate risk, liquidity risk, capital risk and model risk for Large Banking Organizations, such as SR Letter 10-1 Interagency Advisory on Interest Rate Risk, SR Letter 10-6 Interagency Policy Statement on Funding and Liquidity Risk Management, SR 15-19: Federal Reserve Supervisory Assessment of Capital Planning and Positions for Firms Subject to Category II or III Standard, SR 11-7 Guidance on Model Risk Management)

• CPA, CIA, or CISA strongly preferred. Other relevant certifications will be considered (e.g. CFA, CFE).
• Clear understanding of regulatory expectations in the execution of audit work, issue validation, MRA validation, and the response to regulatory inquiries.
• Strong understanding of risks and internal controls and the ability to evaluate and figure out adequacy and effectiveness of controls.
• Stays current on industry and regulatory issues and standard methodologies; imparts this knowledge to the team and the auditees.
• Excellent analytical skills, including the ability to anticipate issues and to design appropriate solutions.

• Strong verbal and written communication skills with a shown ability to articulate effectively and professionally.
• Uses relationships and insights to successfully influence others. Builds authentic and trusted relationships to create alignment and support.
• Bachelor’s degree required. 

In addition to the salary range, this position is also eligible for bonus or incentive opportunities