Director, Internal Audit - Asset Management

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Job ID:
20160830-3375
Job Category:
Internal Audit
Relevant Work Experience:
Financial Services-6+ yrs, Investment Management - 6+ yrs, Internal Audit, Accounting and Finance-6+ yrs
Current Licenses / Certifications:
None
Position Located In:
CO - Lone Tree, CA - San Francisco
Education:
BA/BS
Job Type:
Full Time

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) provides independent and objective assessments of the effectiveness of risk management activities and the internal control environment.  Reporting to the VP Internal Audit, Asset Management; the Director Internal Audit, Asset Management has responsibility for the coordination and management of independent and objective assurance activity designed to improve the Asset Management’s operations by evaluating and improving the effectiveness of risk management, control and governance processes.  This position is also responsible for liaising with the Asset Management’s risk management functions, external co-sourcing provider, and regulators. 

What you’ll do:

  • Manage a co-sourced team of internal audit professionals ensuring work is performed in accordance with Institute of Internal Auditors (IIA) standards and is consistent with IAD’s Charter and Policies and Procedures. 
  • Direct and supervise the design and successful execution of Asset Management audits and provide strategic and proactive oversight and consultation in identifying risk exposures and in evaluating solutions for internal control weaknesses and regulatory compliance issues. 
  • Review internal audit work papers, including planning documents and audit reports, to ensure clear identification and communication of risks and issues prior to presentation to senior management.
  • Maintain business relationships with appropriate levels of management ensuring Internal Audit is aware of key changes to business activities and objectives for appropriate response. 
  • Continuously monitor for changes in the business that may affect the risk environment and, therefore, require possible changes to the audit plan or to the scope of planned audits.  
  • Identify themes, trends, and emerging risks for escalation and communication to executives, audit and risk committees.
  • Provide a thoughtful, risk-based perspective of Asset Management and help oversee all parts of the internal audit program including, but not limited to, risk assessment, audit plan development, audit plan execution, continuous monitoring and project reviews.
  • In coordination with the IT audit team, promote the increased use of data analytics techniques to evaluate large data sets for trends and anomalies.
  • Address issues during the internal audit process by gathering facts, developing potential solutions, determining the best solutions and implementing an action plan to solve the problem. 
  • Participate in presentation and issuance of audit issues to appropriate management personnel, assist with follow-up, exit meetings and conflict management.
  • Evaluate the adequacy and timeliness of management's response and the corrective action taken on all significant weaknesses noted in the report.
  • Participate and/or lead special audits as requested by Executive Management or the Audit Committee according to the Internal Audit Charter and Policies and Procedures. 
  • Participate in departmental strategic initiatives and projects, as requested by the VP and/or EVP of Internal Audit  

What you have:

  • 8+ years of financial services-related audit experience with increasing responsibility.  Asset Management specific internal audit and/or similar Big 4 Accounting or regulatory experience a plus.
  • Undergraduate degree required.  Master's preferred.
  • Demonstrated experience managing internal audits and their associated team members, amongst a complex operational and regulatory environment.
  • Advanced knowledge in Asset Management products, including Mutual Funds and/or ETFs, and the Investment Company Act of 1940.
  • Ability to lead a project team and cultivate a strong working relationship with external co-sourcing provider, regulators, and internal lines of businesses.
  • Demonstrated ability to influence management and affect change in the organization.
  • CPA, CIA, CFSA or other applicable financial services and/or risk management certifications preferred (or commitment to gain certification upon hiring).
  • Stays current on industry and regulatory issues and best practices for assigned areas; imparts this knowledge to the team and the auditees.
  • Demonstrated proficiency in Asset Management regulations, regulatory expectations and related industry standards.
  • Excellent analytical skills, including the ability to anticipate issues and to design appropriate solutions.
  • Strong verbal and written communication skills with a demonstrated ability to articulate effectively and professionally.
  • Leverages relationships and insights to successfully influence others. Builds authentic and trusted relationships to create alignment and support.

What you’ll get:

  • Everyday Wellness: Healthy Rewards, Onsite Fitness Classes, Healthy Choices, Wellness Champions
  • Financial Fitness: 401k Match, Employee Discounts, Personalized advice, Brokerage discounts
  • Work/Life Balance: Sabbatical, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer
  • Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships
  • Not just a job, but a career, with an opportunity to do the best work of your life

Learn more about Life@Schwab.

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law.

Charles Schwab & Co., Inc. will consider for employment qualified applicants with criminal histories consistent with San Francisco ordinance 17-14 and federal law and regulations applicable to Charles Schwab. 

 


Position Located In:CO - Lone Tree, CA - San Francisco
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Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability, and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab’s hiring decisions. All other submissions should be performed online.

The Charles Schwab Corporation provides a full range of securities, brokerage, banking, money management, and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (“Schwab”), Member SIPC , offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.