Risk and Controls Manager

Your Opportunity

Your opportunity

Corporate Vendor Management at Charles Schwab & Co. is responsible for implementing a firm-wide, end-to-end vendor management process to maximize vendor performance and value. Corporate Vendor Management is responsible for the sourcing, onboarding, risk assessment, monitoring and offboarding of third-parties; and assists Schwab in meeting regulatory and compliance requirements.

As a Manager on the Risk and Controls team in Corporate Vendor Management (CVM), you are responsible for the execution of CVM’s Third-party Risk Assessment and Vendor Due Diligence program activities. In this role, you will follow a risk-based approach to support business partners across the firm in the accurate, efficient, and complete assessment of their third-party inherent risks. Your expertise will aid in your business partner’s visibility and understanding of the risks they incur when working with third-parties and the controls their vendors need to mitigate those risks!

Corporate Vendor Management follows the three lines of defense model for risk governance. You will be a first line of defense partner responsible for compliance with all policies and procedures, as well as all applicable regulatory requirements in the context of the position.

What you’ll do:

• Execute risk assessment and oversight activities
• Facilitate the assessment of new and review existing third party inherent risk, utilizing questionnaires to collect and document risk ratings
• Use your close attention to detail and effective follow up to drive completion of risk assessments and identify obstacles to contracting or continued relationships with third parties
• Review completed risk assessments and confirm completion of due diligence prior to agreement signature
• Anticipate the effects of decisions on the organization and on other functions
• Ensure that all activities and efforts are consistent with Schwab policies and guidelines and in alignment with regulatory guidance
• Responsible for adhering to third-party risk metrics supporting completeness, accuracy and timeliness of third-party risk activities
• Assists with acquiring data and providing information during Internal Audit Reviews and Regulatory Examinations
• Relationship Management:
• Build and maintain good working relationships with colleagues in other functions, including Bank Outsourcing and Oversight Management, Corporate Risk Management teams, and other internal business partners.

What you have

• 3+ years professional experience ideally in vendor management, risk management, internal audit
• 2+ years of experience working in a regulated financial services environment
• Ability to work independently with close attention to detail with a record of tracking and measuring results
• Demonstrated ability to handle ambiguity, while implementing new requirements
• Must be able to build positive relationships throughout the organization
• Knowledge of internal controls, financial/banking regulations, operational risk and/or vendor due diligence is a plus
• Excellent interpersonal, verbal and written communication skills
• Bachelor’s degree or equivalent professional experience is required
• Proficiency in Excel and other Microsoft Office applications is required, and experience with Ariba Cloud and Hiperos is preferred

What you are good at

What you have

• 3+ years professional experience ideally in vendor management, risk management, internal audit
• 2+ years of experience working in a regulated financial services environment
• Ability to work independently with close attention to detail with a record of tracking and measuring results
• Demonstrated ability to handle ambiguity, while implementing new requirements
• Must be able to build positive relationships throughout the organization
• Knowledge of internal controls, financial/banking regulations, operational risk and/or vendor due diligence is a plus
• Excellent interpersonal, verbal and written communication skills
• Bachelor’s degree or equivalent professional experience is required
• Proficiency in Excel and other Microsoft Office applications is required, and experience with Ariba Cloud and Hiperos is preferred