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. Compliance Risk Assessments helps Compliance to prioritize and focus resources towards remediation of identified weaknesses, input to support testing and monitoring, and provide regulatory awareness. The broader Compliance organization will rely on the Compliance Risk Assessment Manager to execute and manage Compliance Risk Assessments to determine areas that present the most significant compliance risk to either:
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, or
Charles Schwab Bank, Charles Schwab Premier Bank, Charles Schwab Trust Bank and/or Charles Schwab Trust Companies consistent with the Federal Reserve, Consumer Financial Protection Bureau, along with the Texas Department of Savings and Mortgage, while maintaining an enterprise-wide view of compliance risks.
As an individual contributor, the Manager coordinates with a supervisory and/or coordinator to plan and execute compliance risk assessments to identify, evaluate, rate and report regulatory risk. A significant part of this role will be preparing risk assessment reports and presenting findings to key stakeholders, therefore maintaining a strong working knowledge of regulations applicable to investment advisers (IAs) and/or Banking and Trust Services is critical. The role requires strong partnership with Subject Matter Experts to facilitate meetings and discuss key and emerging risks. There will be moderate visibility in this role as the Manager may assist with the preparation of standard and special purpose reports designed to provide applicable Risk Committees, key stakeholders, Business Units with the background analysis and results of the Compliance Risk Assessments.
What you haveRequired Qualifications:
BS/BA degree or equivalent work experience in regulatory compliance matters impacting investment advisers and/or banks and trust companies.
2+ years of compliance experience.
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.
Ability to work independently.
Ability to prioritize activities and meet deadlines.
Ability to identify and assess regulatory risk and risk mitigation/controls.
Preferred Qualifications:
Strong knowledge and understanding regulatory expectations, interpreting regulatory guidance, and assessing risk.
Strong written and verbal communication skills, including the 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.
Courage to effectively challenge SMEs, teammates, and senior leadership to help improve the Compliance Risk Assessment data and process.
2+ or more years of experience with investment advisory and/or banking/trust 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.
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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.
We offer a competitive benefits package to our full-time employees 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 Application FAQsSoftware Powered by iCIMS
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