Restricted Stock Services, Sr. Specialist

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 the specified location. 

The Restricted Stock Senior Specialist is part of the Restricted Securities Service organization which is responsible for restricted stock and Rule 144 services provided to both Retail and Advisor clientele alike. The Senior Specialist is responsible for assisting corporate officers, affiliates, insiders, and other major shareholders in selling their stock under Rule 144 and within a 10b5-1 trading plan.

Specific job tasks include:

• Managing inbound client calls regarding Rule 144 sales and compliance
• Coordinating with issuer's counsel and transfer agents on the client's behalf
• Administering 10b5-1 trading plans for corporate insiders
• Exercising affiliate stock options

As a member of the Restricted Stock Service department, the Senior Specialist’s responsibilities include:

• Prepare and file required regulatory documents to the SEC and
• Communicate and Coordinate with issuers' counsel and transfer agents to ensure required documentation is completed and securities are delivered accurately and on time.
• Accurately exercise affiliate stock options; understand the benefits and disadvantages of the various option exercises.
• Deliver highly customized and superior service to Schwab Executives and Affiliates
• Take ownership of client needs and acts as a single point of contact, always maintaining professionalism and composure.Accurately enter client trades on restricted stock once all appropriate paperwork has been submitted, at client request.
• Perform calculations as to limits on sells of restricted
• Understand and clearly explain control party restrictions, trading restrictions and regulations to clients and business partners.
• Aid in the identification of risks such as unidentified control parties, potential AML flags, and fraudulent activities, escalating when appropriate.
• Actively participate in Problem Solving sessions to ensure proper

To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have. 

• Series 7 & 63 or equivalent
• 3-5 Years of client facing or phone experience
• 2-4 Years Financial experience

• Advanced securities licensing (Series 8, 9/10, or 24)
• Strong organizational skills and attention to detail with emphasis on accuracy and timeliness
• Ability to analyze and rectify issues that may result in monetary and/or reputational risk to the client or firm
• Strong organizational skills and ability to manage time-sensitive transactions
• 2 Year College Degree or equivalent experience

In addition to the salary range, this role is also eligible for bonus or incentive opportunities