Job Description

Description:

Chicago - IL, IL150SW, 150 S Wacker Dr, 60606-4111
Brian Parker
20180920-6099

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 determine 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 effectiveness of governance processes, risk management, and internal controls.

What you’ll do:

  • Partner with audit teams to perform quality assurance reviews of all phases of internal audit execution with emphasis on internal audit issue validation and, regulatory issue validation, sustainability testing, and retrospective reviews. Provide guidance to the audit teams and reinforce methodology standards through timely feedback and training.
  • Perform horizontal, targeted, team-based, and/or regulatory-focused quality assurance reviews for conformance with Schwab IAD standards and analyze results for themes and trends to determine the best approach to course correct.
  • Prepare reports related to QAIP activities and results, including thematic issues and tracking and monitoring remediation efforts, to IAD management, the Audit Committee and other stakeholders.
  • Track and monitor audit team remediation progress, and prepare reports communicating quality assurance activities and results to the Audit Committee.
  • Provide subject matter expertise to audit teams related to the internal audit methodology and driving continuous improvement of internal audit processes.
  • Assist with documentation requests in connection with external quality assurance review and regulatory exams related to Professional Practices QA and IAD activities.
  • Periodically update internal audit policies and procedures to reflect the evolving internal audit methodology and to meet regulatory expectations.
  • Develop and/or deliver communication and training to internal audit team members and other stakeholders.
  • Support strategic initiatives to expand the quality assurance and improvement program scope, cycle coverage and plan.
  • Contribute to ad hoc projects to support department strategic initiatives.

What you have:

  • 7+ years of audit or examiner experience with increasing responsibility in public accounting, financial services regulator or large financial company, strong knowledge of internal audit best practices, financial services processes, and regulatory requirements (FRB, OCC).
  • College degree or relevant experience.
  • Working knowledge of Institute of Internal Auditor (IIA) International Professional Practices Framework, Federal Reserve Supplemental Policy Statement on the Internal Audit Function and Its Outsourcing (SR 13-1), roles and responsibilities of internal audit as set forth in the OCC Guidelines Establishing Heightened Standards for large national banks and Amended Interagency Guidance on the Internal Audit Function and its Outsourcing (SR 03-5).
  • Significant experience reviewing/providing feedback on audit work performed by others.
  • Experience in developing training content and facilitating onsite and web-based seminars or training sessions.
  • Thrives on collaboration, knowledge sharing, and teaching others.
  • Big 4 accounting, consulting or professional services firm, or regula
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