Internal Audit is a Mess - Anonymous employee Charles Schwab Employee Review

2.0
Oct 26, 2023
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Many people are wonderful and really care about each other. The culture used to be stronger but you have access to training and the benefits are decent.

Cons

As some have mentioned, the culture has become one of extreme micromanagement, where management spends so much time tracking dumb metrics and there is so much bureaucracy that the audit department is more focused on internal administration then actually performing value added work for the business. Management has hired some terrible leaders in the department, especially on the broker dealer team, where broker dealer leadership has displayed some of the most toxic leadership behaviors, including bullying, gossiping about others, failure to manage conflict, failure to deal with poor performers, lack of any career pathing for team members, poor hiring decisions, creating a ‘yes’ mam culture, slashing budgets for projects, working extreme overtime, useless meetings where leadership listens to themself speak the whole time, and the list goes on. Each year we have repetitive conversations on why the broker dealer engmt scores tank and each year come up a list of action items that each year fail to help at all, primarily as our team needs a change in leadership. Oh, by the way we were told layoffs are coming and then we just sit around for months wondering what will happen - what company does that? Probably one that can’t manage RTO….

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5.0
Jul 6, 2026
Recommend
CEO approval
Business Outlook

Pros

Relaxed and flexible, high autonomy

Cons

Not a lot of room for creativity

2.0
Jun 23, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There are a few great managers here, but they are few and far between. Good amount of sick pay.

Cons

Underpaid for the role. Just another cog in the machine to get tasks done. If you don’t have seniority, but are being mistreated by individuals who are more senior, be ready to shoulder the blame for errors even if you are new. The lack of training is astounding, especially for some departments that are expanding. Lots of koolaid drinking. If you care about being kind and authentic, be careful which team you land with. Take your time during the interview process.

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