ADVISORY PRODUCTS & RETAIL BROKERAGE DIRECTOR - IAD

Charles Schwab, a Fortune 500 leader in financial services is searching for a Director of Internal Audit to support our retail brokerage operations.


 


 


Group Overview:


 


The Internal Audit Department's objective, 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 audit 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, Risk Management & Investigations 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 responsible for executing core audits in the Schwab Investor Services enterprise serving retail clients


· Consultation with the businesses and Oversight groups to enhance the infrastructure to manage risk effectively in a dynamic organization


· Development and execution of relevant internal audit projects 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 and follow-up of agreed-upon resolutions


· Identification and recommendation of practical solutions for preventing and detecting complex internal control issues


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


 


Qualifications:


Familiarity with the Exchange Act of 1934 and Investment Advisors Act of 1940

Demonstrated expertise in pertinent rules and regulations, including NASD rules 2110, 2310 and 2430 as they relate to brokerage fee based accounts and SEC rule 206 (4) -7 as it relates to advisory referral accounts

Minimum of five years experience in building and/or enhancing processes and systems for supervision of brokerage fee based accounts and advisory referral accounts at a major securities brokerage

Minimum of five years of experience in internal audits of sales and supervisory practices related to brokerage fee based accounts and advisory referral accounts with a major securities brokerage

Minimum of seven years financial services experience with solid understanding of regulatory oversight

Demonstrated risk management expertise in analyzing business risks and processes, identifying internal control weaknesses, and collaborating with management to develop and implement 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, CIA or CFA.  Experience with a big four accounting firm and a major full commission brokerage a plus


 


Key Factors for Success:


 


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

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