Internal Auditor

Charles Schwab Inc.

 EMPLOYER: Charles Schwab & Co., Inc 

TITLE: Internal Auditor

 

Job Description:  Review the design and execution of internal audits, ensuring work is performed in accordance with Generally Accepted Auditing Standards (GAAS), Internal Auditing Standards (IIA) standards and Internal Audit Department (IAD) policies and procedures. Participate in an audit team that may include internal or co-sourced internal audit professionals. Ensure coordination with integrated and data analytic audit teams. Prepare and/or review work papers to ensure clear identification of risks, controls and issues, validating appropriateness of fieldwork testing, and sign-off on audit deliverables. Escalate changes to managers in audit timelines, budget, resourcing, and milestones. Assess the quality of management’s Risk & Control Self-Assessments (RCSA); and support the assessment of the operational risk management program that manages the RCSA program. Assist with model teams to better align with model risk management audit team’s budget/resource. Review draft issue observations, disposition them with key stakeholders, identify compensating controls, and evaluate the appropriateness of the management action plan prior to finalizing the audit report. Monitor and review issue validation testing to ensure comprehensive testing and adherence to Service Level Agreements (SLAs). Participate in the department’s business and project monitoring program execution to identify emerging risks. 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. Provide support, coaching, and feedback to the audit team throughout the audit. Provide assistance with onboarding and ongoing support to new team members. Conduct validation testing on the action plans completed by management to address Matters Requiring Attention (MRAs). Provide responses to IAD management related to regulatory questions during exams. Completion of firm-wide and departmental administration and training requirements.

 

Requirements: Bachelor’s degree or foreign equivalent in Accounting, Finance or related field and 5 years of progressive, post-baccalaureate experience in the job offered or related occupation.

 

Experience and/or education must include:

 

  1. Generally Accepted Auditing Standards (GAAS).
  2. Internal Auditing Standards (IAS).
  3. Generally Accepted Accounting Principles (US GAAP).
  4. International Financial Reporting Standards (IFRS).
  5. Banking regulations, The Federal Reserve Board, Federal Deposit Insurance Corporation, Office of Comptroller of the Currency, FINRA and SEC issues regulations, manuals, frameworks, standards, rules and supervisory letters, providing the banking and finance industry with a set of requirements to adhere including SR15-18, SR15-19, SR11-7, SR12-7, and SR10-6.
  6. Enterprise and financial risks including liquidity, capital and market risks.
  7. Risks and internal controls to allow one evaluate and determine the adequacy and effectiveness of controls. 

Location: San Francisco, CA.

 

Please reference job id 2022-84466 and apply online at https://jobs.schwabjobs.com/