Senior Manager, Compliance Risk Testing

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. Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

 

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 & procedures

• Conduct compliance testing to evaluate the effectiveness of internal controls for compliance with applicable regulatory requirements and corporate policy

• Complete assigned testing in accordance with the annual testing plan and adequately document the evaluation of the effectiveness of the internal controls

• Confirm 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 requirements

• Socialize and report testing results while working to ensure timely completion, including the validation of all corrective actions

• Maintain 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 regulations

• Perform other duties and special projects, as may be assigned

What you have

Qualifications:

• At least 8 years of experience within financial services ideally with a deep understanding of investment advisory businesses, as well as testing standards/methodologies

• 5 years of experience in a Regulatory Testing/Examiner/Audit role

• Investment Adviser and/or Investment Company experience required 

• Understanding of FRB, SEC, FINRA, OCC, Privacy and Anti-Money Laundering rules and regulations

• Familiarity with the execution of Second Line of Defense compliance testing including compliance risk management principles