Manager, Internal Audit- Broker Dealer/Asset Management

Your Opportunity

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. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

 

Schwab’s Internal Audit Department provides independent, objective assessments that strengthen risk management, internal controls, governance, and regulatory compliance. As an Internal Audit Manager on the Broker-Dealer/Asset Management team, you will lead audits across complex financial services activities supporting retail investors, independent investment advisors, investment products, asset management, and operational functions.

 

You will direct audit planning and execution, evaluate risks and controls, review testing and audit deliverables, and help leaders address significant issues. Your sound decision-making and analytical thinking will help identify emerging risks, assess management action plans, and deliver practical recommendations that improve business outcomes. Success requires adaptability and close collaboration with business partners, regulators, data analytics teams, and co-sourced audit professionals. You will also coach audit team members, share industry knowledge, and promote consistent, high-quality audit practices

 

What You’ll Do

• Perform audit reviews of model development, validation, and governance aligned with regulatory and internal standards, including evaluation of model usage, documentation, data integrity, conceptual soundness, controls, and supporting technology.
• Test a broad range of quantitative models, such as capital stress testing, credit risk, fraud, anti-money laundering, interest rate risk, margin risk, investment risk, machine learning, and business intelligence models.
• Evaluate ongoing model performance monitoring and annual model reviews.
• Clearly communicate audit results through written reports, issue documentation, and presentations to model owners, risk oversight partners, and senior management.
• Build trusted partnerships with Internal Audit colleagues, Model Risk Oversight, and business stakeholders to summarize findings and influence meaningful improvements.
• Contribute to quantitative knowledge-sharing efforts, including development of technical training and support for model-related communities of practice.
• Review quantitative workpapers to ensure quality, rigor, and effective challenge.
• Lead and coordinate audit activities, including planning, execution, documentation review, and delivery of audit results in alignment with Internal Audit methodology.
• Monitor audit progress, timelines, resourcing, and deliverables while adjusting as risks or priorities evolve.
• Identify, draft, and validate audit issues; assess management action plans; and participate in issue validation activities.
• Support department-wide risk assessment, project monitoring, and identification of emerging risks.
• Coach and support team members through collaboration, feedback, onboarding support, and shared learning.

What you have

Required Qualifications

• Bachelor’s degree in a quantitative field such as economics, statistics, finance, mathematics, physics, or a related discipline.
• 2–3 years of experience applying quantitative modeling or analytics in a professional setting.
• Demonstrated ability to analyze complex data, assess models, and apply quantitative thinking to real-world business or risk problems.
• Experience using one or more analytical or programming tools (such as Python, R, SAS, or MATLAB).
• Strong written and verbal communication skills, with the ability to explain technical concepts to diverse audiences.
• Ability to work collaboratively, exercise sound judgment, and manage multiple priorities in a dynamic environment.

Preferred Qualifications

• Advanced degree in a quantitative or analytical field.
• Familiarity with financial, risk, or predictive modeling approaches such as time series analysis, optimization, decision science, or behavioral modeling.
• Exposure to model risk management practices, governance frameworks, or regulatory expectations.
• Experience within financial services, risk management, or audit environments.
• Professional certifications such as CFA or FRM.

What Success Looks Like

• You apply sound judgment and quantitative insight to identify risks and improvement opportunities
• You build credibility and trust with partners through clear communication and thoughtful collaboration
• You contribute to a strong risk culture by supporting high-quality audit execution and continuous improvement
• You bring curiosity, accountability, and a commitment to learning to everything you do

Schwab is committed to fostering an inclusive workplace where all individuals feel respected, supported, and empowered to thrive. We encourage candidates from all backgrounds and experiences to apply.