Charles Schwab Sr. Specialist, Internal Controls & Testing (3rd Party Risk) in Westlake, Texas
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 Chuck 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.
Through Clients’ Eyes: https://www.youtube.com/watch?v=Qkic76FWat8
In Corporate Risk Management, we provide an integrated risk management strategy that supports the delivery of predictable financial and operational performance in order to produce successful client and shareholder outcomes. We are organized around six primary functions: Bank Risk, Enterprise Risk, Information Security Risk, Market and Investment Risk, Model Risk and Operational Risk. Within each of these areas, we develop a framework for how much risk we are willing to accept as a firm and establish processes for identifying, evaluating, measuring, monitoring and reporting against that framework.
In this role, you will be performing Third-Party Risk Management program activities including validation testing of third-party management activities, providing oversight and monitoring of third-party risks and controls, and drafting materials for reporting to leadership and management committees on third-party risk metrics, validation testing results, and program status.
What you’ll do:
Collaborate on the definition and documentation of standards and requirements for the execution of third-party management processes
Perform validation testing activities on third-party management processes and controls to confirm adherence with policies, procedures, regulatory requirements/guidance, and industry best practices
Facilitate planning and preparation of validation kick-off meetings, request/gather testing evidence, assist in performing walk-throughs, document testing work papers, draft reports and present findings and recommendations to third-party management function stakeholders
Perform oversight of third-party risks and controls documented in Risk and Control Self-Assessments through execution of periodic assessments and quality assurance reviews
Communicate and escalate third-party risk and control issues identified in the activities associated to the RCSA Third-Party Management Oversight Program
Assist in the development of periodic reporting on third-party management risk-based metrics and effectiveness of third-party management practices and controls
Collaborates with business partners and third-party management stakeholders to identify enhancement opportunities to strengthen third-party management processes and controls
Assist with gathering data and providing information during Internal Audit Reviews and Regulatory Examinations for Operational Risk Management and Third-Party Risk Management
Execute ad-hoc projects as needed
Develop and maintain a good working relationship with colleagues in other risk and control functions, including Corporate Vendor Management and other Corporate Risk Management teams.
What you have:
Bachelor’s degree in Finance, Accounting, Audit or a related area of study
1-3 years’ experience in third-party management, audit, oversight, SOX testing, operational risk management, or similar role
Knowledge of third-party management, internal controls, financial/banking regulations and risk assessment and mitigation
Independent judgement with strong analytical, risk assessment and auditing skills
Familiarity with risk and control data analysis, in particular, the ability to incorporate and understand significant volumes of third-party management data from multiple sources to recommend process and control enhancements
Understanding of governance principles and activity in a financial services environment
Strong written and verbal communication skills with proven track record of communicating with internal and external business partners and senior leadership
Self-motivated, professional growth-oriented individual able to develop and maintain business relationships with third-party management functions (Corporate Vendor Management and Bank Outsourcing and Oversight Management) and Corporate Operational Risk team and leadership
Proficiency in Excel is required
Experience performing data analytics preferred.
What you’ll get:
Everyday Wellness: Healthy Rewards, Onsite Fitness Classes, Healthy Choices, Wellness Champions
Financial Fitness: 401k Match, Employee Discounts, Personalized advice, Brokerage discounts
Work/Life Balance: Sabbatical, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer
Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships
Not just a job, but a career, with an opportunity to do the best work of your life
Learn more about Life@Schwab at http://www.aboutschwab.com/careers/lifeatschwab/" .
Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law.
Position Located In: TX - Westlake