Charles Schwab
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Overview
The Internal Audit Department (IAD) of The Charles Schwab Corporation provides independent and objective assessments to determine whether significant risks are identified and reported by management and risk functions to the Board and Executive Management, and to evaluate whether risks are adequately controlled. The IAD challenges governance processes, risk management, and internal controls to improve efficiency. The Bank Enterprise team is seeking a Senior Auditor (Senior Specialist) responsible for Anti-Money Laundering (AML) and Fraud audits. The Bank Internal Audit team focuses on Bank, Trust, AML, Fraud, and Conduct audits targeting governance, risk management programs, internal controls, and regulatory compliance. Internal Audit also supports regulatory agency interactions, Board and Executive Management reporting, and relationship management. Internal Audit activities cover the Charles Schwab Banking and Trust Services (BTS) organization, representing three banks and two personal trust companies, wholly owned by The Charles Schwab Corporation. These entities provide trust and custody services for employee benefit plans. The team also provides internal audit coverage for CSC’s AML program, including Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements, following FFIEC BSA/AML guidelines. Fraud and Conduct 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 be responsible for independent and objective assurance activities designed to improve operations and compliance with key regulations by evaluating and improving risk management, control, and governance processes specifically around AML and Fraud. The role involves collaborating with an external co-sourcing provider. This position does 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 include scheduling and participation in audit meetings, scoping discussions, drafting deliverables, testing design and execution, and completing and reviewing work papers. Also assist in tracking team operations including audit status, issue status, and budgets. Issues Identification: Based on audit testing results, identify and draft audit observations for review by the Internal Audit Manager/Senior Manager (and above) and debrief with key partners (typically MD-level and below). Issue Management and Validation: Conduct validation testing of audit issue action plans completed by the business. Risk Assessment: Under direct supervision, 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; assist with onboarding and ongoing support to new team members. Administration/Training: Complete firm-wide and departmental administration and training requirements. Other Initiatives/Special Projects: Assist with special projects related to business operational improvement or internal team needs as needed. What You Have
3 - 5+ years of financial services-related audit experience with increasing responsibility. AML/Fraud experience in internal audit and/or similar Big 4 accounting or regulatory experience is a plus. Demonstrated experience performing internal audits within a complex operational and regulatory environment. Ability to work as part of a project team and cultivate strong working relationships with external co-sourcing providers and internal lines of business. CAMS, CFE, CPA, CIA or CISA strongly preferred. Other relevant certifications will be considered. Understanding of risks and internal controls and the ability to evaluate adequacy and efficiency of controls. Stays current on industry and regulatory issues and standard methodologies; imparts this knowledge to the team and the auditees. Excellent analytical skills, including the ability to anticipate issues and design appropriate solutions. Strong verbal and written communication skills with the ability to articulate effectively and authoritatively. Bachelor’s degree required. What’s in it for you
At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our belief in being together in person on a regular basis. We offer a competitive benefits package that takes care of the whole you – both today and in the future: 401(k) with company match and Employee stock purchase plan Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions Paid parental leave and family building benefits Tuition reimbursement Health, dental, and vision insurance
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The Internal Audit Department (IAD) of The Charles Schwab Corporation provides independent and objective assessments to determine whether significant risks are identified and reported by management and risk functions to the Board and Executive Management, and to evaluate whether risks are adequately controlled. The IAD challenges governance processes, risk management, and internal controls to improve efficiency. The Bank Enterprise team is seeking a Senior Auditor (Senior Specialist) responsible for Anti-Money Laundering (AML) and Fraud audits. The Bank Internal Audit team focuses on Bank, Trust, AML, Fraud, and Conduct audits targeting governance, risk management programs, internal controls, and regulatory compliance. Internal Audit also supports regulatory agency interactions, Board and Executive Management reporting, and relationship management. Internal Audit activities cover the Charles Schwab Banking and Trust Services (BTS) organization, representing three banks and two personal trust companies, wholly owned by The Charles Schwab Corporation. These entities provide trust and custody services for employee benefit plans. The team also provides internal audit coverage for CSC’s AML program, including Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements, following FFIEC BSA/AML guidelines. Fraud and Conduct 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 be responsible for independent and objective assurance activities designed to improve operations and compliance with key regulations by evaluating and improving risk management, control, and governance processes specifically around AML and Fraud. The role involves collaborating with an external co-sourcing provider. This position does 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 include scheduling and participation in audit meetings, scoping discussions, drafting deliverables, testing design and execution, and completing and reviewing work papers. Also assist in tracking team operations including audit status, issue status, and budgets. Issues Identification: Based on audit testing results, identify and draft audit observations for review by the Internal Audit Manager/Senior Manager (and above) and debrief with key partners (typically MD-level and below). Issue Management and Validation: Conduct validation testing of audit issue action plans completed by the business. Risk Assessment: Under direct supervision, 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; assist with onboarding and ongoing support to new team members. Administration/Training: Complete firm-wide and departmental administration and training requirements. Other Initiatives/Special Projects: Assist with special projects related to business operational improvement or internal team needs as needed. What You Have
3 - 5+ years of financial services-related audit experience with increasing responsibility. AML/Fraud experience in internal audit and/or similar Big 4 accounting or regulatory experience is a plus. Demonstrated experience performing internal audits within a complex operational and regulatory environment. Ability to work as part of a project team and cultivate strong working relationships with external co-sourcing providers and internal lines of business. CAMS, CFE, CPA, CIA or CISA strongly preferred. Other relevant certifications will be considered. Understanding of risks and internal controls and the ability to evaluate adequacy and efficiency of controls. Stays current on industry and regulatory issues and standard methodologies; imparts this knowledge to the team and the auditees. Excellent analytical skills, including the ability to anticipate issues and design appropriate solutions. Strong verbal and written communication skills with the ability to articulate effectively and authoritatively. Bachelor’s degree required. What’s in it for you
At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our belief in being together in person on a regular basis. We offer a competitive benefits package that takes care of the whole you – both today and in the future: 401(k) with company match and Employee stock purchase plan Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions Paid parental leave and family building benefits Tuition reimbursement Health, dental, and vision insurance
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