Manager, Compliance Retail Testing

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.

Compliance partners with the business to advance strategic priorities by promoting practices that strengthen client trust and protect the firm’s integrity.

We are seeking a dynamic, engaging Compliance Manager to conduct testing of branch and non-branch locations. In this individual-contributor role, the Manager will assess whether internal controls, policies, procedures, and systems are effective and adequate to support and monitor compliance with applicable regulatory requirements. The Manager will stay current on regulatory developments and enterprise policies and procedures while building strong partnerships across Compliance, Legal, Corporate Risk Management, and the business.

The Compliance Manager will:

• Execute standardized testing programs that address applicable internal and regulatory requirements and follow established compliance testing policies and procedures.
• Perform remote and onsite compliance testing and interview personnel to assess whether internal controls support compliance with regulatory requirements and corporate policies.
• Conduct testing of Residential Supervisory Locations (RSLs) and Home Offices of Supervisory Jurisdiction (OSJs).
• Complete assigned risk-based testing in accordance with the annual testing plan and clearly document conclusions about control effectiveness.
• Verify that testing findings are appropriately addressed and that corrective action plans are completed in accordance with corporate policies and applicable regulatory requirements.
• Communicate testing results to business and Compliance management, both verbally and in writing, and support timely completion and validation of corrective actions.
• Maintain current knowledge of self-regulatory organization rules, including FINRA, SEC, and NFA requirements, as well as applicable federal and state regulations.

Required Qualifications:

• At least five years of financial services experience, with a general understanding of financial holding companies, banks, broker-dealers, investment advisers, and testing standards and methodologies.
• Knowledge of FRB, SEC, FINRA, NFA, OCC, privacy, and anti-money laundering requirements.
• Experience executing Second Line of Defense compliance testing and applying compliance risk management principles.

 Preferred Qualifications:

• Bachelor’s degree or equivalent experience.
• Relevant professional licenses or compliance certifications, such as FINRA Series 7 or 66, Investment Adviser Representative, CRCP, or CAMS.
• Ability to independently identify opportunities to strengthen Compliance programs.
• Sound judgment and the ability to promote a strong risk management culture across business practices.
• Effective interpersonal skills and the ability to communicate clearly, verbally and in writing, with employees at all levels of the organization.
• Strong time management, organizational, and prioritization skills, with the ability to complete multiple assignments accurately under tight deadlines.
• Proactive, self-directed approach to work.
• Ability to set and manage priorities effectively.
• Collaborative mindset and ability to build strong partnerships.
• Strong written and verbal communication skills.
• Proficiency with Microsoft Office applications, including Word, Excel, and PowerPoint.
• Ability to travel approximately 15% annually, generally up to one week per month.