Senior Auditor, Internal Audit AML
Company: Charles Schwab
Location: San Francisco
Posted on: March 29, 2020
Your OpportunityThe 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 Internal Audit Bank
Enterprise team is seeking a Senior Auditor (Internal title is
Senior Specialist). This team is responsible for execution of
audits over the firms Bank Secrecy Act (BSA) / Anti-Money
Laundering (AML) and Office of Foreign Asset Control (OFAC)
functions. BSA/AML/OFAC audits cover areas such as the compliance
program, risk assessment, customer identification program (CIP),
customer due diligence (CDD)/ enhanced due diligence (EDD),
suspicious activities reporting (SAR), and OFAC compliance. This
team performs testing to confirm remediation of audit and
regulatory issues. The team also shares responsibility for
regulatory agency interactions, Board and Executive Management
reporting, and general relationship management.Reporting to a
Managing Director in the Bank Enterprise team, the Senior
Specialist will have responsibility for assisting in the
independent and objective assurance activities designed to improve
the organizations operations and compliance with key regulations by
evaluating and improving the efficiency of risk management,
control, and governance processes.What youre good at
- Audit Execution: Participate in the planning and execution of
internal audit assignments, ensuring work is performed in
accordance with IIA standards and IAD policies and procedures.
Responsibilities will include: scheduling and participation in
audit meetings; participation in scoping discussions; drafting of
audit deliverables; design and execution of testing; and completion
and review of work papers. Additionally, assist in the tracking of
team operations including audit status, issue status, and
- Issues Identification: Based on the results of audit testing,
identify and draft audit observations for review by the Internal
Audit Manager/Senior Manager (and above levels) and subsequent
debriefing with the key partners (typically VP-level and
- Issue Management and Validation: Conduct validation testing of
the audit issue action plans completed by the business.
- Risk Assessment: Under the direct supervision of IAD
Management, participate in the annual Risk Assessment process,
including scheduling and participation in meetings with partners,
and the scoring and documentation of risk ratings.
- Coaching: Provide support, mentoring, and feedback to audit
team members throughout the audit. Provide assistance with
onboarding and ongoing support to new team members.
- Administration/Training: Completion of firm-wide and
departmental administration and training requirements.
- Other Initiatives/Special Projects: As needed, assist with
special projects related to business operational improvement or
internal team needs.What you have
- 3 - 5+ years of financial services-related audit experience
with growing responsibility. Bank and/or Trust experience specific
to internal audit and/or similar Big 4 Accounting or regulatory
experience a plus.
- Demonstrated experience performing internal audits amongst a
complex operational and regulatory environment.
- Ability to work as a member of a project team and cultivate a
strong working relationship with external co-sourcing providers and
internal lines of businesses.
- Certified Anti-Money Laundering Specialist (CAMS) certification
strongly preferred. CPA, CIA, CISA, or other relevant
certifications will be considered.
- Understanding of risks and internal controls and the ability to
evaluate and figure out adequacy and efficiency of controls.
- Strong understanding of BSA/AML/OFAC regulatory requirements
and industry trends.
- Stays current on industry and regulatory issues and standard
methodologies; imparts this knowledge to the team and the
- Excellent analytical skills, including the ability to
anticipate issues and to design appropriate solutions.
- Strong verbal and written communication skills with a shown
ability to articulate effectively and authoritatively.
- Bachelors degree required.
- Ability to travel 15-20%Apply for this jobRefer a friendWhy
Schwab?At Schwab, Own Your Tomorrow embodies everything we do! We
are committed to helping our employees unleash their potential and
achieve their dreams. Our employees get to play a central role in
disrupting a multi-trillion-dollar industry, creating a better,
more modern way to build and manage wealth. Were a modern financial
services firm that stands apart from the industry, where you can go
as far as your ambition takes you.Hear from employees:: a package
designed to empower your health, wealth, career and life.Schwab is
committed to building a diverse and inclusive workplace where
everyone feels valued.As an equal employment opportunity employer,
our policy is to provide equal employment opportunities to all
employees and applicants without regard to any status that is
protected by law.Schwab is also an affirmative action employer,
focused on advancing women, minorities, veterans, and individuals
with disabilities in the workplace.We believe diversity and
inclusion are part of our success as a company and our purpose of
serving every client with passion and integrity.Job Locations
US-CA-San Francisco - US-TX-WestlakeRequisition ID 2020-51050Posted
Date 3 weeks ago (3/5/2020 2:12 PM)Category Risk &
RegulatoryPosition Type Full time
Keywords: Charles Schwab, San Francisco , Senior Auditor, Internal Audit AML, Accounting, Auditing , San Francisco, California
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