Senior Auditor, Anti-Money Laundering

Your Opportunity

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 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) 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 Bank Enterprise team enterprise team is seeking a Senior Auditor (Senior Specialist) responsible for Anti-Money Laundering (AML) and Fraud audits. The Bank Internal Audit team is focused on the execution of Bank, Trust, AML, Fraud, and Conduct audits that target governance processes, risk management programs, internal controls, and regulatory compliance. The team also shares responsibility for regulatory agency interactions, Board and Executive Management reporting, and general relationship management. Internal Audit activities are directed towards the Charles Schwab Banking and Trust Services (BTS) organization, which represents three banks and two personal trust companies. These entities represent wholly-owned subsidiaries of the Charles Schwab Corporation (CSC) that are focused on offering traditional retail and advisor-sponsored banking and personal trust services to complement Schwab’s brokerage capabilities. Business trust services are provided for entities seeking trust and custody services for employee benefit plans. In addition, the team is responsible for providing internal audit coverage for the CSC organization’s Anti-Money Laundering (AML) program, including Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements. These internal audit activities follow the guidelines established in the FFIEC BSA / AML Manual for the purpose of providing an independent assessment of CSC’s compliance with the regulatory requirements pertaining to the BSA and OFAC, including review of risk management and internal control practices. In addition, Fraud and Conducts audits are performed in accordance with regulatory requirements.

Reporting to the Director (PL) of the Bank / AML Enterprise team, the Internal Audit Senior Specialist 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 specifically around AML and Fraud processes and regulations. This position is also responsible for working with auditing resources provided by an external co-sourcing provider. This individual will not have administrative responsibilities for direct reports.

What you’ll do :

• Audit Execution : Participate in the planning and execution of internal audit AML 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 budgets.
• 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 MD-level and below).
• 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

What you’ll get :

Why work for us?

Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.

Benefits : A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future.