Senior Manager, Compliance Risk Testing

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.

The Compliance Department coordinates Schwab's compliance efforts, and performs an advisory, monitoring, testing, and education role to support management's supervisory responsibility and its efforts to achieve compliance with financial services rules and regulations, and policies of the Company. We are currently offering the opportunity for a dynamic and engaging Compliance Professional to join the team, as a Senior Manager, responsible for conducting risk-based compliance testing within our broker-dealer. The Senior Manager is an individual contributor and will conduct testing to evaluate the effectiveness and adequacy of certain internal controls, policies, procedures, and systems designed to achieve and/or monitor compliance with applicable regulatory requirements. The Senior Manager is expected to make recommendations to enhance and refine the testing program and will remain current on regulatory developments, enterprise-wide policies, and procedures, as well as develop and foster strong partnerships across Compliance, Legal, Corporate Risk Management, and with business partners.

What you'll do:

• Execute risk-based testing program for reviews of broker-dealer that includes applicable internal and regulatory requirements and adhere to established compliance testing policies and procedures;
• Draft testing scopes based on the individual business unit's activities and procedures that include applicable regulatory requirements;
• Conduct compliance testing and interviews of business unit personnel to evaluate the effectiveness of internal controls for compliance with applicable regulatory requirements and corporate policy;
• Complete assigned testing in accordance with the annual testing plan and adequately document the evaluation of the effectiveness of the internal controls;
• Confirm that compliance issues identified during testing are socialized, followed-up on, and corrective action plans are properly executed to comply with corporate policy or applicable regulatory requirements;
• Communicate (verbal and written) with Business Unit and Compliance management on testing results while working to ensure timely completion, including the validation of all corrective actions;
• Cultivate strong working relationships with internal lines of business;
• Maintain a strong working knowledge of SRO rules (e.g., FINRA), as well as federal and state regulations;
• Perform other duties and special projects, as may be assigned;
• Potential travel may be expected, up to 5% - 10% over the course of the year.

What you have

• At least 8 years of experience within financial services with a general understanding of broker-dealer, financial holding company, bank, and investment advisory businesses, as well as testing standards/methodologies;
• 5 years of experience in a Regulatory Testing/Examiner/Audit role;
• Understanding of SEC, FINRA, FRB,OCC, Privacy and Anti-Money Laundering rules and regulations;
• Familiarity with the execution of Second Line of Defense compliance testing including compliance risk management principles;
• Ability to independently identify opportunities for improvement and enhance overall Compliance programs;
• Sound judgment to influence a strong risk management culture across business practices;
• Excellent attention to detail and the ability to work independently;
• Mastery of appropriate interpersonal styles and ability to communicate effectively, both orally and in writing, with all levels within the enterprise;
• Strong time management, organization, and prioritization skills; ability to complete multiple concurrent tasks within close deadlines with a high degree of accuracy and detail.

The following qualifications are preferred:

• Bachelor's degree or equivalent experience
• Professional licensing and/or compliance certifications (e.g. FINRA Series 7, 66, Investment Adviser Representative, CRCP and CAMS)