Preferred markets: Westlake, TX; Austin, TX; Denver, CO
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.
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. The Compliance Department advises on applicable federal and state rules and regulations, supervisory systems, and policies and procedures; liaises with regulators; provides guidance on communications with the public; conducts surveillance and investigations to monitor for compliance with firm policies and procedures; processes and maintains firm and employee registrations; and, performs a variety of other compliance functions.
Reporting to Schwab’s Head of Fund and Advisory Program Compliance, you will lead a team of compliance professionals that collaboratively partner with a variety of internal stakeholders to support the continuing growth of Schwab’s asset management business. You will focus on: (a) strategic initiatives related to Charles Schwab Investment Management, Inc. (CSIM), a registered investment adviser, and Schwab’s proprietary mutual funds, ETFs, and separately managed accounts; (b) providing thought leadership and compliance guidance to senior leaders responsible for CSIM and Schwab’s proprietary mutual funds, ETFs, and separately managed accounts (SMAs); and, (c) ensuring the compliance programs for CSIM and one of the largest fund companies in the nation is robust and comprehensive.
The work is dynamic, and success is achieved through: (i) strong collaboration and the ability to foster meaningful and deep relationships across the enterprise; (ii) prioritizing and timely addressing numerous efforts simultaneously; (iii) a growth mindset and adaptability; (iv) a desire to create innovative solutions that benefit our clients and the firm; and, (v) servant leadership centered on teamwork and developing talent. If you exhibit these qualities, possess an aptitude for continual learning, and want to be an instrumental partner advancing Schwab’s asset management business, we encourage you to apply.
Primary Responsibilities:
Lead a team of compliance professionals that provide high caliber compliance advice and guidance on a variety of topics associated with Schwab’s asset management businessInfluence and strategically guide compliance, regulatory, and business initiatives associated with CSIM and Schwab’s mutual funds and ETFs, recommending creative solutions that advance the businessOversee various compliance activities that include: (a) monitoring; (b) testing; (c) preparation of materials submitted to the fund board and internal committees; (d) creating and revising policies and procedures; (e) oversight of regulatory disclosures and filings (e.g. Form ADV); and, (f) the preparation of annual compliance reports pursuant to Rule 38a-1 of the Investment Company Act of 1940 and 206(4)-7 of the Investment Advisers Act of 1940Ensure comprehensive and robust compliance programs for Schwab’s proprietary mutual funds, ETFs, and separately managed accounts and CSIM, identifying opportunities for enhancement and increased efficiency Support and participate in internal audits, risk assessments, and, as warranted, relevant regulatory examsIdentify, investigate, and assist in the timely resolution of compliance issues, including those that are the most complex and ambiguousInterpret and assess laws, rules, and regulations affecting the operation of the organization Contribute to additional projects and tasks based on business needsWhat you have
Required Experience
10+ years of direct asset management compliance, risk, and/or audit experience with broad and deep knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940, and relevant federal and state securities laws, rules, and regulations Experience providing advice and guidance on proprietary mutual fund, ETF, and SMA offerings (equity, fixed income, and/or other strategies), with expertise in managing compliance risk effectivelyPrevious involvement in strategic initiatives and significant projects, including those involving senior leaders across an enterpriseOther relevant asset management experience may be consideredExceptional at analyzing and creatively solving ambiguous and complex matters with an understanding of how those solutions impact the broader ecosystem Excel at developing strong and meaningful networks and partnerships across the organization, establishing trust and confidence with a diverse group of stakeholdersAdept at influencing outcomes, thinking strategically, and proactively taking initiativeComfortable working independently and as a member of a geographically dispersed teamHighly organized and meticulous, collaborative, and excited to continually learn in a dynamic and growing organizationChange leader with a positive attitude and forward-thinking approachSuperb writing, verbal, and interpersonal skills that are effective with a variety of audiencesOutstanding judgment, strong work ethic, thought leadership, and unwavering integrityPreferred Experience:
Bachelor’s degree and advanced degree or education At least 3 years of formal leadership experience strongly preferredDemonstrated ability to attract, retain, and develop a diverse teamAdditional experience in leading/performing a sophisticated compliance function within a wealth management and/or advisory enterprise encompassing product development and distribution efforts operating through multiple entitiesBase Compensation: $119,000-$264,600. Your compensation may be different. Talk with your Talent Advisor to learn more. In addition to the salary range, this role is also eligible for bonus or other incentive opportunities. Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Why work for us?Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.
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