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.
The Compliance Department coordinates Schwab’s compliance efforts, and performs an advisory, monitoring, testing, and education role to support management’s supervisory responsibility and its efforts to achieve compliance with financial services rules and regulations, and policies of the Company. We are currently offering the opportunity for a dynamic and engaging Compliance Professional to join the team, as a Senior Manager, responsible for conducting risk-based compliance testing within our affiliated investment advisory programs and mutual funds.
The Senior Manager is an individual contributor and will conduct testing to evaluate the effectiveness and adequacy of certain internal controls, policies, procedures and systems designed to achieve and/or monitor compliance with applicable regulatory requirements. The Senior Manager is expected to make recommendations to enhance and refine the testing program and will remain current on regulatory developments, enterprise-wide policies and procedures, as well as develop and foster strong partnerships across Compliance, Legal, Corporate Risk Management, and with business partners.
The Senior Manager will:
Draft testing scopes that include applicable regulatory requirements and adhere to established compliance testing policies & proceduresConduct compliance testing to evaluate the effectiveness of internal controls for compliance with applicable regulatory requirements and corporate policyComplete assigned testing in accordance with the annual testing plan and adequately document the evaluation of the effectiveness of the internal controlsConfirm that compliance issues identified during testing are followed-up on, and corrective action plans are properly executed to comply with corporate policy or applicable regulatory requirementsSocialize and report testing results while working to ensure timely completion, including the validation of all corrective actionsMaintain a strong working knowledge of Investment Advisers Act of 1940 and Investment Company Act of 1940 and the rules there under, as well as other federal and state regulationsPerform other duties and special projects, as may be assigned What you have At least 8 years of experience within financial services ideally with a deep understanding of investment advisory businesses, as well as testing standards/methodologies5 years of experience in a Regulatory Testing/Examiner/Audit roleInvestment Adviser and/or Investment Company experience required Understanding of FRB, SEC, FINRA, OCC, Privacy and Anti-Money Laundering rules and regulationsFamiliarity with the execution of Second Line of Defense compliance testing including compliance risk management principles 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 newsfeedWhy work for us?
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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