Director, Regulatory Liaison Office, Functional Regulatory

Charles Schwab • Westlake, TX

277d

About The Position

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 Regulatory Liaison Office (RLO) leads, guides, and helps shape the company's regulatory interactions with both prudential and functional regulators. The functional RLO team is primarily responsible for Schwab's engagement with its securities/commodities regulators, including the SEC, FINRA, CFTC, NFA, international and state securities regulators, and exchanges such as CME Group, on compliance-related matters, regulatory inquiries, and examinations. The Regulatory Exam Team is responsible for the coordination of regulatory activities, supervising regulatory developments, and to aid the analysis or response to proposed and new regulations or supervisory guidance. This role will collaborate with the Director to support broad areas of regulatory focus including first and second line Finance, Corporate Risk Management and include engagement with Executive and Senior management.

Requirements

• Bachelor's degree or equivalent work experience.
• Experience working at a securities regulatory agency (i.e., SEC or FINRA).
• 10+ years experience in the broker-dealer industry with regulatory risk experience.
• Prior experience assessing and responding to regulatory inquiries and examinations in the financial services industry.
• Knowledge of broker-dealer and investment advisor industry regulatory practices and securities rules.
• Familiarity with Broker Dealer operations, including equity/fixed income trading and trade reporting is highly desired.

Nice To Haves

• Strong interpersonal and communication skills to develop and maintain relationships with key business partners and at all levels of the firm.
• Excellent judgment and critical thinking in order to provide sound strategic advice to business partners.
• Excellent quantitative skills and expertise.
• Acting decisively in making solid, informed judgment calls in response to both the regulatory environment and the day-to-day business issues, with appropriate escalation where needed.
• Strong analytical skills, excellent attention to detail, and the ability to interpret regulations and regulatory guidance and apply them to real world business scenarios.
• Outstanding written and verbal communication skills with demonstrated ability to communicate effectively with all levels of an organization.
• Strong problem-solving skills and an intellectual curiosity and desire to “figure things out.”
• Demonstrating exceptional judgment as well as a broad understanding of the potential implications of actions and decisions.

Responsibilities

• Review, research, and respond to complex inquiries received by the firm from securities and derivatives (futures/forex) regulators.
• Coordinate and manage examinations from the firm's primary securities regulators.
• Communicate directly with regulators including managing and tracking requests for information, participating in meetings with regulators.
• Responsible for reports for senior management, and analyzing inquiries and responsive materials for trends, red flags, and issues requiring follow up.
• Collaborate exceptionally with peers in Compliance, Legal, and other functions to ensure matters and issues are handled effectively and efficiently.
• Connect the dots across regulators, inquiries, and examinations for the firm to effectively identify and escalate emerging enterprise-wide risks and issues.

Benefits

• Eligible for bonus or incentive opportunities.

What This Job Offers

• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree