Director, Compliance

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.

Schwab is seeking a strategic Compliance leader to guide the transformation and evolution of its compliance risk management of communications with the public. The successful leader will work closely with business partners across the firm who create, review and distribute communications with the public, including product owners and managers, marketing professionals, content creators, legal and peers across Schwab Compliance as well as embrace an enterprise view in implementing the full scope of Schwab's compliance risk management of identifying, assessing, mitigating, measuring, and monitoring compliance risks related to communications with the public consistent with Schwab's compliance risk management policy and its enterprise risk management framework. This person will lead a team of compliance professionals and own the firmwide compliance risk management strategy for this risk area.

The successful candidate will report to a Schwab Compliance Managing Director who is a member of Schwab Compliance's leadership team and a direct report to Schwab's Chief Compliance Officer.

Day to day responsibilities will include:

• Leading Schwab enterprise communications with the public compliance risk management, ensuring its risk based, effective and efficient.
• Providing primary advice and guidance Compliance support to the Schwab Marketing Department including advising on business initiatives, policies and procedures, monitoring, training, and overall Compliance risk management for this business unit.
• Engaging with industry peers, industry groups, and regulators in order to ensure regulatory requirements and expectations are addressed, including implementation of new and enhanced rules.
• Initiating, building, and cultivating strong authentic relationships inside and outside the group, resulting in a highly collaborative and effective compliance risk management control environment that effortlessly bridges organizational silos.
• Leading, attracting, developing and empowering a team with the diverse skillsets and expertise to identify, measure and manage risk effectively.
• Collaborating and coordinating with peers across Schwab Compliance and other subject matter experts inside and outside Compliance who may support products and businesses which are the subject of communications with the public in order to ensure that the risks related to communications which address multiple entities or products are identified and managed effectively.
• Preparing and delivering both verbal and written Compliance advice for business stakeholders which clearly and succinctly communicates recommendations for specific improvements to the control environment.
• Reporting to senior leaders in the business and risk management on communications with the public compliance risk management.
• Actively participating in various committees and effectively challenging business partners when appropriate.
• Carrying out other duties as assigned, including, project work.

What you have

• 10 plus years industry experience including demonstrated leadership experience, with a minimum of 5-10 years broker-dealer, advisory, and/or bank compliance; or securities regulatory experience preferred.
• Excellent knowledge and practical experience with regulation of retail and institutional communications with the public including marketing communications in the financial services industry.
• Deep regulatory knowledge of broker-dealer, advisory, bank, futures, consumer protection, other regulatory standards, and current developments (FINRA Rule 2210, Regulation Best Interest, SEC Marketing Rule, Fiduciary, ERISA, DOL, digital engagement practices, ) which apply to communications.
• Demonstrated success in transforming organizations in a highly collaborative environment to influence compliance and controls while building strong internal and external partnerships and providing coaching and guidance to varied stakeholders.
• Thrives on initiating, building, and cultivating strong authentic relationships inside and outside the group; highly collaborative; navigates and activates alignment across organizational silos.
• Relationship-oriented leader who manages complex, multistakeholder issues with resilience, embraces others' perspectives and understands the limits to their own points of view.
• Ability to think creatively to streamline or reimagine existing processes and influence to drive a vision while being mindful of stakeholders' needs and requirements.
• Provides a clear, independent risk management perspective in accordance with the Board-approved risk appetite.
• Embraces an enterprise view in identifying, assessing, mitigating, measuring, and monitoring Compliance risks consistent with the Enterprise Risk Management Framework.
• Strong emotional intelligence and executive presence.
• Client focused; able to build relationships and establish trust, respect, competence, and confidence effectively and quickly.
• Ability to lead a dynamic team and motivate direct and indirect reports to excel.
• FINRA 7 and 24 (9/10), 65/66 preferred.
• A degree is required, preferably in Business/Finance/Economics or related disciplines, post-secondary degree, e.g., JD, MBA or equivalent, viewed favorably.