Senior Manager, Fund and Advisory Program Compliance

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.  The Compliance Department advises on applicable federal and state rules and regulations, supervisory systems, and policies and procedures; liaises with regulators; provides guidance on communications with the public; conducts surveillance and investigations to monitor for compliance with firm policies and procedures; processes and maintains firm and employee registrations; and, performs a variety of other compliance functions.

In this individual contributor role, you will join a dynamic team led by a Director of Fund & Advisory Program Compliance. This team collaboratively partners with members of the broader Wealth & Asset Management Compliance team, as well as a variety of internal stakeholders, to support the growth and expansion of Schwab’s wealth and asset management businesses. You will focus on: (a) maintaining and enhancing the compliance programs of two retail investment advisers, an institutional investment adviser, and Schwab’s mutual funds and ETFs; and, (b) providing compliance advice and guidance related to various matters, including the previously mentioned compliance programs and new products and services.

The work is dynamic, and success is achieved through: (i) strong collaboration and the ability to foster meaningful and deep relationships across Wealth & Asset Management Compliance and the enterprise; (ii) prioritizing and timely addressing numerous efforts simultaneously; (iii) a growth mindset and adaptability; and, (iv) a desire to create innovative solutions that benefit our clients and the firm.  If you exhibit these qualities, possess an aptitude for continual learning, and want to be an instrumental partner focused on advancing Schwab’s wealth and asset management businesses, we encourage you to apply.

Primary Responsibilities:

• Focus on and assist with: (a) compliance monitoring; (b) reviewing and updating policies and procedures; (c) preparing materials that are presented to the fund board and internal committees; (d) the preparation of annual compliance reports pursuant to Rule 38a-1 of the Investment Company Act of 1940 and 206(4)-7 of the Investment Advisers Act of 1940; (e) assisting with regulatory disclosures and filings (e.g. Form ADV); and/or, (f) supporting the ongoing oversight of third-party service providers

• Utilize deep knowledge to provide compliance advice and guidance on a variety of regulatory topics and business initiatives that advance Schwab’s wealth and asset management businesses

• Identify, investigate, and assist in the timely resolution of compliance issues, including those that are complex and ambiguous

• Interpret and assess laws, rules, and regulations affecting the operation of the organization

• May support and participate in internal audits, compliance testing, risk assessments, and, as warranted, relevant regulatory exams

• Contribute to additional projects and tasks based on business needs

Required Qualifications and Skills:

Relevant Education and Work Experience

• 5+ years of experience (compliance, risk, audit) in investment advisory, wealth management, and/or asset management, with knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940, and relevant federal and state securities laws, rules, and regulations

• Other relevant experience may be considered

Skills

• Adept at analyzing and creatively solving ambiguous and complex matters with an understanding of how those solutions impact the broader ecosystem

• Excel at developing strong and meaningful networks and partnerships across the organization, establishing trust and confidence with a diverse group of stakeholders

• Ability to influence outcomes and think strategically

• Positive attitude and forward-thinking approach

• Comfortable with change and proactively taking initiative

• Superb writing, verbal, and interpersonal skills that are effective with a variety of audiences

• Exceptional judgment, strong work ethic, thought leadership, and unwavering integrity

• Highly organized and detail-oriented, collaborative, and excited to continually learn in a dynamic and growing organization

• Comfortable working independently and as a member of a geographically dispersed team

Preferred Qualifications:

• Bachelor’s degree and advanced degree or education

• Experience performing compliance monitoring, evaluating policies and procedures, preparing or contributing to regulatory filings, and/or preparing executive-level reporting materials

• Previous involvement in strategic initiatives and significant projects, including those involving senior leaders