Senior Manager, Compliance Risk Assessment at Charles Schwab

Pay range:

USD $105,000.00 - $145,000.00 / Year

Your opportunity

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 Senior 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

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 Schwab's key regulatory bodies. A significant part of this role will be preparing risk assessment reports and present findings to key stakeholders and senior leadership, while maintaining a strong working knowledge of regulations applicable to Schwab. The role requires strong partnership with relevant 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 presents and develops standard, and special purpose reports designed to provide Committees, the Compliance Department, and applicable Business Units with information about the results of the Compliance Risk Assessments and/or other bodies of work (e.g., ad hoc projects, results from effective challenge, etc.).

What you have

Required Qualifications:

• BS/BA degree or equivalent work experience in regulatory compliance matters impacting investment advisers and/or broker-dealers.
• 5+ years of compliance and/or risk management experience.
• Experience reading and analyzing large quantities of reports/data and pinpointing and summarizing meaningful trends and material components in a concise summary.
• Experience identifying and assessing regulatory risk and risk mitigation/controls.

Preferred Qualifications:

• Proficient attention to detail.
• Ability to work independently.
• Ability to adapt to changing circumstances/priorities, scope of work and/or new ideas.
• 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.
• 5+ or more years of experience with investment advisory rules and regulations
• A strong understanding of fiduciary and conflict of interest expectations.
• A good understanding of enterprise-wide regulatory obligations.
• Professional license(s): Series 66 and/or Series 65
• Professional certification(s): Investment Advisor Certified Compliance Professional designation (IACCP), Certified Regulatory Compliance Manager (CRCM), Certified Securities Compliance Professional (CSCP), Certified Internal Auditor (CIA), and/or Certified Risk Professional (CRP)
• Share Point experience.

What's in it for you

At Schwab, you're empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration-so you can build the skills to make a lasting impact. 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