Director, Internal Audit Department

Group Overview:   The objective of the Internal Audit Department (IAD), as designated representatives of the Audit Committee of the Board of Directors, is to ensure that the risk management framework and internal controls of the Charles Schwab Corporation optimally serve the interests of the firm's many stakeholders.  Our teams are aligned with all of the enterprises and business lines, including all subsidiaries.  We work in conjunction with other Oversight groups (i.e. Compliance and Legal) and report internally to the audit committee and other oversight committees and externally to our public accountants and regulators, principally the FRB.


 


Responsibilities:


 


Key contributor role in IAD with responsibility for executing core audits related to Schwab Operations audits. 


 


Position involves: 


Development and execution of relevant audit engagements in varying size and complexity

Integration of real-time industry benchmarking and best practices through ongoing research and industry affiliations; presentation of synthesized audit findings

Follow-up of agreed-upon resolutions of audit findings, assessment and validation of effectiveness of controls to mitigate operational, compliance, financial reporting and fraud risks and development of quarterly presentations to executive management

Directly manages business relationships and communicates with management regarding major risks.


 


Qualifications:


 


Seven to ten years financial services experience, preferably in a large, global financial services environment, with solid understanding of regulatory oversight

Strong knowledge of broker-dealer compliance, financial accounting and reporting, operations, internal accounting controls, risk management and fraud risk assessments

Demonstrated risk management expertise in analyzing business risks and processes, identifying risk management weaknesses, and collaborating with management to develop and implement innovative solutions

Familiarity with Sarbanes Oxley and PCAOB Standards preferred

Must possess strong teamwork, excellent interpersonal and communication skills, and have a strong record of influencing senior management and leading change

CPA or CFA desirable. Some travel may be required

Flexible working environment


 


Key Factors for Success:


 


Leadership ability to present and syndicate audit review results and control issues with senior management

Strong working knowledge of broker-dealer and regulatory environment

Ability to construct well-targeted audit reports within strategic context of business/industry evolution and benchmarks

Sound demonstration of success and flexibility in an individual contributor role

Education: BA/BS