Senior Manager, Compliance Risk Assessment

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. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in one of the specified locations.

 

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 help 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:

• Charles Schwab &Co., Inc., and/or Forge Securities LLC consistent with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), while maintaining an enterprise-wide view of compliance risks, or

• Charles Schwab Futures and Forex, consistent with the Commodity Futures Trading Commission (CFTC), and the National Futures Association (NFA), 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:

• BS/BA degree or equivalent work experience in regulatory compliance matters impacting broker-dealers (BDs), futures commission merchants (FCMs) or introducing brokers (IBs).

• 5+ years of compliance and/or risk management experience.

• Ability to read and analyze large quantities of reports/data and pinpoint and summarize meaningful trends and material components in a concise summary.

• Proficient attention to detail.

• Ability to work independently.

• Ability to adapt to changing circumstances/priorities, scope of work and/or new ideas.

• Ability to identify and assess regulatory risk and risk mitigation/controls.

Preferred:

• 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 supporting compliance, risk management, or regulatory oversight for complex securities products, futures, and private securities markets, including private placements, exempt offerings, alternative investments, options, futures commission merchants (FCMs), introducing brokers (IBs), and broker-dealer (BD) activities.

• A good understanding of enterprise-wide regulatory obligations.

• Professional license(s): Series 7, Series 63, Series 9/10, Series 3, Series 4, Series 82, and/or Series 24.

• Professional certification(s): Certified Regulatory Compliance Manager (CRCM), Certified Securities Compliance Professional (CSCP), Certified Internal Auditor (CIA), and/or Certified Risk Professional (CRP).

• SharePoint experience.