Director, Internal Audit

Director, Internal Audit (PL)

The Internal Audit Department (IAD) of The Charles Schwab Corporation provides independent and objective assessments to figure out 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 efficiency of governance processes, risk management, and internal controls.

The Corporate enterprise team is seeking an Internal Audit Director. The Corporate team is responsible for execution of audits over the firm’s corporate and risk management functions. Corporate audits cover areas such as finance, treasury, and accounting. Risk Management audits cover areas such as credit, liquidity and interest rate risk management. The team also performs testing to confirm remediation of audit issues and regulatory issues.

Reporting to the Managing Director of the Corporate enterprise team, the Internal Audit Director will have responsibility for the independent and objective assurance activity designed to improve the organization’s operations and compliance with key regulations by evaluating and improving the efficiency of risk management, control, and governance processes. This position is also responsible for working with auditing resources provided by an external co-sourcing provider.

The Director will have administrative responsibilities for direct reports, work on department wide initiatives, and run the larger and/or more complex audits.

• Risk Assessment:
  Supervisory role for the annual risk assessment process - play key role in the annual Risk Assessment through all stages. Provide quarterly risk assessment and audit universe updates to IAD management. Review and challenge audit universe updates after the completion of each audit.
• Audit Execution:
  • Supervisor role in the execution of internal audit assignments with emphasis on capital, liquidity risk, interest rate risk, and balance sheet management (including hedging strategies) for the enterprise.
  • Expected to lead all aspects of a portfolio of multiple audits including scheduling, planning, review and challenge of testing approach and testing conducted; review, challenge, and sign-off on audit deliverables; support of the audit team in meetings with key partners; and main point of contact with the assigned business unit leaders. Additionally, oversight of audit timelines, budget, resourcing, and adherence to internal audit methodology requirements.
• Issues Identification:
  Oversight of issues identification, including review and challenge of draft issue observations including the issue identified, compensating controls, ratings, and the appropriateness of management action plans prior to finalizing the reports.
• Issue Management and Validation:
  Oversight for completion and validation status (including SLA adherence) for issues in audit portfolio. Review and challenge completed issue validation testing results.
• Business and Project Monitoring:
  Act as the primary point of contact for senior stakeholders across Treasury and Finance Risk Management for liquidity risk, interest rate risk, and capital adequacy. Oversight for business and project monitoring program execution to identify emerging risks. Participate or lead business and project monitoring meetings including key driver of the agenda/talking points. Provide updates for Monthly IAD Leadership Risk Monitoring meetings.
• Coaching:
  
  Provide support, mentoring, and feedback to the audit team throughout the audit. Introduce key contributions to the formal performance evaluation process; as well as providing key contributions in the recruiting, onboarding, and ongoing support to new team members.
• Regulatory:
  Oversight for the completion and validation status (including SLA adherence) for regulatory matters received by the firm. This includes Review and challenge regulatory matter validation work; evaluate the appropriateness of management’s draft responses to regulatory matters; perform retrospective reviews for adverse events (as required);
  Participate in regulatory…