Manager, AML Audit

Your Opportunity

The Internal Audit Department (IAD) of The Charles Schwab Corporation provides independent and objective assessments to determine 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 is seeking an Internal Audit Manager responsible for Anti-Money Laundering (AML) audits. The Bank Internal Audit team is focused on the execution of Bank, Trust, and AML 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.

Reporting to a Senior Manager of the Bank Enterprise team, the Internal Audit Manager 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 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 have

• 5 - 7 years of financial services-related and/or AML audit experience with increasing responsibility. Bank and/or Trust, Fraud, and Conduct experience specific to internal audit and/or similar Big 4 Accounting or regulatory experience
• Demonstrated experience leading internal audits and their associated team members, amongst a complex operational and regulatory environment
• Ability to lead a project team and cultivate a strong working relationship with external co-sourcing provider, regulators, and internal lines of businesses
• Clear understanding of regulatory expectations in the execution of audit work, issue validation, MRA validation, and the response to regulatory inquiries
• 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
• Ability to travel occasionally

Preferred qualifications:

• Bachelor’s degree
• CFE, CPA, CIA, CRCM or CISA strongly preferred. Other relevant certifications will be considered
• Demonstrated understanding of risks and internal controls and the ability to evaluate and figure out adequacy and effectiveness of controls
• Stays current on industry and regulatory issues and standard methodologies; imparts this knowledge to the team and the auditees
• Uses relationships and insights to successfully influence others. Builds authentic and trusted relationships to create alignment and support