Manager, First Line Risk Management Office

Pay range: USD $74,900.00 - $153,100.00 / Year

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At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together.

The RCSA Control Assurance Team (RCAT), within the First Line Risk Management Office (1RMO) is responsible for monitoring and evaluating the effectiveness of internal controls established to mitigate identified risks. These individuals exhibit a deep understanding of the line of business including applicable systems, tools, policies, and procedures and are adept at identifying procedural gaps and deficiencies. Managers will evaluate the design adequacy of the risk control in addition to the operating effectiveness. The team plays a key role within 1RMO as they test Risk and Control Self-Assessments (RCSA) over the firm's corporate and risk management functions such as banking, finance, treasury, accounting, vendor management, and human resources.

• Participate in the design and successful execution of internal control examinations and provide strategic and proactive consultation in identifying risk exposures and developing solutions for weaknesses and regulatory compliance issues.
• Understand scope of examination and prioritize examination activities to adhere to testing schedule and complete evaluation according to planned timelines and standards set by Corporate and Regulatory standards.
• Evaluate the effectiveness of controls in place to mitigate identified risk; review evidence, document testing results in a comprehensive and organized manner; develop recommendations to correct deficiencies and provide ideas for process improvements.
• For issues identified where controls can be enhanced to ensure compliance with firm or regulatory requirements, support business partners and senior leadership by monitoring action plans to ensure root cause of control deficiencies are resolved in a timely manner.
• Maintain a strong working knowledge of federal and/or state fiduciary compliance regulatory requirements applicable to the assigned areas of the review.

• Bachelor's degree; preferably in Accounting, Finance, Business Administration; equivalent work experience can be considered in lieu of education.
• 4-6 years of related work experience in audit, risk management, compliance or related experience; 1-2 years of control testing highly preferred.

• Experience in risk mitigation and policy execution.
• Demonstrated written and oral communication skills and ability to communicate with all levels of management.
• Ability to build strong relationships and work cross functionally with internal and external constituents.
• Strong analytical skills with the ability to identify, research and weigh risk and control issues.
• Ability to work cooperatively and effectively with supporting team members to meet departmental goals.
• Three or more years of financial service experience with strong understanding of FINRA and SEC rules including the Investment Advisors Act and securities industry practices.
• CPA, CIA or Series 7 license.
• Strong Microsoft Office knowledge; preferably advanced Microsoft PowerPoint and Excel skills and familiarity with SharePoint and Tableau.
• Strong time management, organization and prioritization skills; ability to complete multiple concurrent tasks within close deadlines with a high degree of accuracy and detail.
• Ability to exercise sound judgment to influence a strong risk management culture across business practices.
• Self-motivated along with the ability to bring projects and reporting to conclusion.

• 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