Your opportunityAt 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.In Compliance, we help our business partners achieve their strategic priorities by promoting principles and practices that build client trust and safeguard the integrity of the firm. Compliance Risk Assessments helps Compliance to prioritize and focus Compliance resources towards remediation of identified weaknesses, conducts testing and monitoring, and provides regulatory training. The broader Compliance organization will rely on the Compliance Risk Assessment Senior Manager to execute and manage Compliance Risk Assessments to determine areas that present the most significant compliance risk to Schwab’s investment advisers including Schwab Wealth Advisory, Inc., CS&Co Investment Advisory, Charles Schwab Investment Management, Inc. (CSIM), and Schwab Funds/Schwab ETFs consistent with the Investment Advisers Act of 1940 and/or the Investment Company Act of 1940 while maintaining an enterprise-wide view of compliance risks.As an individual contributor, this Senior Manager will play a key role in monitoring, assessing, and reporting on changes regarding the levels of compliance risk as emphasized by the Securities and Exchange Commission (SEC). A significant part of this role will be preparing risk assessment reports and present findings to key stakeholders, so maintaining a strong working knowledge of regulations applicable to investment advisers (IAs) will be critical. The role requires strong partnership with IA Subject Matter Experts as you lead meetings to discuss key risks and identify upcoming risks. There will be significant visibility in this role as the Senior Manager develops standard and special purpose reports designed to provide the IA Committees, the Compliance Department, and applicable IA Business Units with information about the results of the Compliance Risk Assessments.What you haveRequired:
BS/BA degree or equivalent work experience in regulatory compliance matters impacting investment advisers.
5+ years of compliance experience.
Preferred:
Strong knowledge and understanding regulatory expectations, interpreting regulatory guidance, and assessing risk.
Excellent presentation and communication skills, including the strong ability to clearly articulate risks to key stakeholders, independently prioritize multiple priorities and changes in scope.
Ability to think critically about Compliance Risk Assessments inputs and results.
Ability to work collaboratively with department teammates and subject matter experts to maintain accurate information within the risk assessments.
Ability to work on multiple projects, prioritize activities, and meet deadlines.
Courage to effectively challenge SMEs, teammates, and senior leadership to help improve the Compliance Risk Assessment data and process.
Ability to read and analyze large quantities of reports/ data and pinpoint and summarize meaningful trends and material components in a concise summary.
Strong attention to detail, i.e. complex excel spreadsheets with multiple worksheets and formulas.
Ability to work independently.
5+ or more years of experience with investment advisory laws, rules and regulations.
A good understanding of fiduciary and conflict of interest expectations.
Professional certification(s): including Certified Regulatory Compliance Manager (CRCM), Certified Securities Compliance Professional (CSCP), Certified Internal Auditor (CIA), or Certified Risk Professional (CRP).
SharePoint experience.
What’s in it for youAt Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.We offer a competitive benefits package that takes care of the whole you – both today and in the future:
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
What’s in it for you:At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.We offer a competitive benefits package that takes care of the whole you – both today and in the future:401(k) with company match and Employee stock purchase planPaid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positionsPaid parental leave and family building benefitsTuition reimbursementHealth, dental, and vision insuranceSchwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at [email protected] or call 800-275-1281.