Senior Auditor – Risk Analytics/Modeling
| Company | Charles Schwab |
|---|---|
| Location | Lone Tree, CO, USA, Austin, TX, USA, Westlake, TX, USA, Omaha, NE, USA, Phoenix, AZ, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Master’s |
| Experience Level | Senior |
Requirements
- Working on or attained advanced degree in a quantitative field (economics, statistics, finance, mathematics, physics)
- Advanced skill with one or more analytical tools, such as SAS, R, Python, or MATLAB
- Strong oral and written communication skills
- Excellent people skills
Responsibilities
- Assist with performing audit reviews of model development and validations following guidelines based on SR 11-7 Guidance on Model Risk Management, to include an assessment of model usage, documentation, conceptual soundness, data integrity, the control environment, and the software environment
- Communicate work through formal model audit templates, reports, as well as through presentations to model owners and validation teams
- Work effectively as a team member with other quantitative analysts at the company
- Evaluate model performance monitoring reports, and conducting model annual reviews
- Participate in the planning and execution of internal audit assignments on models, ensuring work is performed in accordance with IAD methodology
- Based on the results of audit testing, identify and draft audit observations for review by the Internal Audit Manager/Senior Manager (and above levels) and subsequent debriefing with the key partners (typically VP-level and below)
- Conduct validation testing of the audit issue action plans completed by the business
- Under the direct supervision of IAD Management, participate in the annual Risk Assessment process, including scheduling and participation in meetings with partners, and the scoring and documentation of risk ratings
- Provide support, mentoring, and feedback to audit team members throughout the audit. Provide assistance with onboarding and ongoing support to new team members
- Completion of firm-wide and departmental administration and training requirements
- As needed, assist with special projects related to business operational improvement or internal team needs
Preferred Qualifications
- Understanding of statistical concepts and predictive modeling fields
- Beginning exposure to model governance processes and regulatory requirements for large US banks
- Exposure to model governance processes