What are the responsibilities and job description for the Senior Manager, Internal Audit- Professional Practices position at Charles Schwab?
Your opportunity
We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.
Our 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 Professional Practices Group (PPG) is seeking an Internal Audit Reporting Senior Manager. PPG provides the processes, training, and tools to support the enterprise teams’ adherence to standards and expectations of quality and consistency. PPG also provides the data and analysis of internal audit activities and results to support CSC’s governance committees’ ability to perform effective oversight.
Reporting to the Director of PPG Reporting, the Reporting Senior Manager will join a fast-growing internal audit team undergoing transformation to support the continued evolution and maturity of the internal audit function to meet regulatory expectations for a large financial institution. The role is responsible for managing the preparation and submission of governance reporting materials to the Audit Committee, Schwab Risk Management Committees, internal stakeholders, and regulatory agencies. The ideal candidate has background and experience in Internal Audit, governance reporting, and project management and can provide timely, accurate, and insightful messaging to the Audit Committee to support their oversight of IAD.
What You’ll Do
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.
Our 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 Professional Practices Group (PPG) is seeking an Internal Audit Reporting Senior Manager. PPG provides the processes, training, and tools to support the enterprise teams’ adherence to standards and expectations of quality and consistency. PPG also provides the data and analysis of internal audit activities and results to support CSC’s governance committees’ ability to perform effective oversight.
Reporting to the Director of PPG Reporting, the Reporting Senior Manager will join a fast-growing internal audit team undergoing transformation to support the continued evolution and maturity of the internal audit function to meet regulatory expectations for a large financial institution. The role is responsible for managing the preparation and submission of governance reporting materials to the Audit Committee, Schwab Risk Management Committees, internal stakeholders, and regulatory agencies. The ideal candidate has background and experience in Internal Audit, governance reporting, and project management and can provide timely, accurate, and insightful messaging to the Audit Committee to support their oversight of IAD.
What You’ll Do
- Manage the preparation of governance reporting content for the Audit Committee and Schwab Risk Management Committees.
- Analyze Internal Audit results and activities, and report accurate and timely insights to the Audit Committee, Schwab Risk Management Committees, regulatory agencies, and IAD leadership.
- Project manage the receipt of governance reporting and regulatory content, including requests for information, review and challenge of information received for appropriateness, and follow-up, as appropriate.
- Perform quality control reviews and transmittal of reports and communications, including final Internal Audit Reports to internal stakeholders and regulatory agencies.
- Assist in managing the department’s progress in fulfilling regulatory requests, including maintaining an inventory of regulatory activities, drafting regulatory responses on behalf of the department, liaising with partners from the Legal Department to ensure materials provided to regulators are complete and submitted timely, and liaising in writing with regulatory agencies.
- Partner with team members and cross-functional stakeholders across IAD and the Company to meet reporting requirements, regulatory requirements, and address feedback from IAD leadership and the Audit Committee.
- Assist with management of a central mailbox and provide subject matter expertise to audit teams and stakeholders regarding Internal Audit Reporting.
- Maintain updated procedure documents for the evolving Internal Audit Reporting activities performed.
- Cross training and provide back-up support to PPG Reporting and PPG Regulatory team members, as needed.
- Compile ad-hoc regulatory requests for Internal Audit Reporting data.
- Assist with projects related to the responsibilities above, including tool updates and the identification of process improvements.
- 7-10 years of internal audit experience with increasing responsibility, preferably in a large, complex financial institution.
- Experience in working in a highly regulated environment and comfortable interacting with prudential regulators.
- Experience developing governance reporting content, with outstanding ability for reviewing, proofreading, editing presentations, and validating the accuracy of information contained therein.
- Exceptional attention to detail and demonstrated commitment to quality.
- Outstanding written communication and analytical skills, with proven ability to distill complex data into a compelling narrative, and in a variety of formats (ex. executive summaries, presentations, visualizations, talking points, etc.).
- Outstanding project management skills, with the ability to manage multiple stakeholders, priorities, and due dates, while anticipating issues and designing processes which improve efficiency.
- Strong interpersonal skills, with the ability to partner effectively with team members and cross-functional stakeholders.
- Builds authentic and trusted relationships to create alignment and support. Uses relationships and insights to continuously improve and adapt to evolving IAD needs.
- Self-starter, proactive, and able to work with minimal supervision.
- Bachelor’s degree required.
- CPA, CIA, or CISA strongly preferred. Other relevant certifications will be considered.
- Proficiency with MS Office tools. Certent Disclosure Management experience a plus.
- Ability to work on Pacific Time.
- Ability to travel 5%.
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance
