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Internal Audit Manager, Application Controls

Austin, TX, USA | Charles Schwab

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Accounting / Control
  • Experience:
    5-7 years
Job Description:
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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 effectiveness of governance processes, risk management, and internal controls.

The Technology enterprise team is seeking an Internal Audit Manager primarily responsible for managing application audits. The Technology internal audit enterprise team is responsible for the execution of application, infrastructure, and project audits. Application audits focus on automated functionality and data integrity that support business processes such as segregation of duties, configuration management, system interfaces, and data processing.Infrastructure audits focus on systems and technology that support and secure Charles Schwab applications with a focus on areas such as cybersecurity, data center, information technology (IT) operations, change management, network security, and cloud computing. Project audits are assessments over key initiatives to determine whether intended business objectives were met and to identify risks or issues early.

Reporting to a Managing Director of the Technology 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 effectiveness of risk management, control, and governance processes. This position will focus on application technology risks within the integrated audits, working closely with the operational auditors. This position is also responsible for working with audit resources provided by an external co-sourcing provider. 

What you’re good at

Audit Execution:

Direct and supervise the design and execution of application testing within integrated internal audits, ensuring work is performed in accordance with IIA standards and IAD policies and procedures.

Coordinate audit teams, including co-sourced resources, in conducting individual audits.

Lead meetings with stakeholders.

Ensure coordination with operational and data analytic audit teams.

Prepare and/or reviewing work papers to ensure clear identification of risks and issues, validating appropriateness of fieldwork testing, and sign-off on audit deliverables.

Manage and escalate changes in audit timelines, budget, resourcing, and milestones.

Assess the quality of management’s Risk & Control Self-Assessments; and support the assessment of the operational risk management program that manages the RCSA program.

Review or draft observations by gathering facts, identify compensating controls, vet with key stakeholders and audit leadership, and evaluate the appropriateness of the management action plans.

Issue Management and Validation: Monitor and review issue validation testing to ensure comprehensive testing and adherence to IAD policies and procedures.

Business and Project Monitoring: Participate in the department’s business and project monitoring program execution to identify emerging risks.

Risk Assessment: Participate in ongoing risk assessment activities, such as updating the audit universe after the completion of each audit.

Coaching:Provide support, coaching, and feedback to the audit team throughout the audit. Provide assistance with onboarding and ongoing support to new team members.

Regulatory: Conduct validation testing on the action plans completed by management to address regulatory matters. As needed, provide responses to IAD management related to regulatory requests.

Other Initiatives/Special Projects: As needed, assist with special projects related to business process improvement or department strategic initiatives.

What you have

5-7+ years of IT audit experience with increasing responsibility. Financial services and/or Big 4 Accounting experience a plus.

Demonstrated experience managing IT 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 other audit teams, regulators, and internal lines of businesses.

CPA, CIA, CFE, or CISA strongly preferred. Other relevant certifications will be considered.

Clear understanding of risks and internal controls and the ability to evaluate and determine the adequacy and effectiveness of controls.

Stays current on industry and regulatory issues and best practices; imparts this knowledge to the team and the auditees.

Excellent analytical skills, including the ability to anticipate issues and to design appropriate solutions.

Strong verbal and written communication skills with a demonstrated ability to articulate effectively and professionally.

Leverages relationships and insights to successfully influence others. Builds authentic and trusted relationships to create alignment and support.

Bachelor’s degree required. 

Ability to travel 15-20%

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