Senior Manager, Bank and Trust Compliance Risk Testing

Charles Schwab • Southlake, TX

93d

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 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 Bank and Trust Services, Workplace Financial Services, and Enterprise Risk programs. 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.

Requirements

• 8+ years of experience within financial services with a strong working knowledge of broker-dealer, bank, and investment adviser compliance risks, as well as testing standards/methodologies.
• 4+ years of experience in a Regulatory Testing/Examiner/Audit role.
• Strong understanding of regulatory expectations, interpreting regulatory guidance, and assessing risk.
• Strong testing experience with specific emphasis on consumer protection regulations including but not limited to Truth is Savings (Reg DD), Truth in Lending (Reg Z), Electronic Funds Transfer Act (Reg E), and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP).
• Familiarity with the execution of Second Line of Defense compliance testing including compliance risk management principles.
• Excellent attention to detail and the ability to initiate tasks and work independently, as well as ability to work on multiple projects, prioritize activities, and meet deadlines.
• Strong written and oral communication skills demonstrating ability to effectively communicate/clearly articulate risks and testing results to leadership and key stakeholders.
• Strong time management, organization, and prioritization skills; ability to complete multiple concurrent tasks within close deadlines with a high degree of accuracy and detail.

Nice To Haves

• Professional licensing and/or compliance certifications preferred (e.g., CPA, CRCM).
• Bachelor's degree or equivalent experience.

Responsibilities

• Draft testing scopes that include applicable regulatory requirements and adhere to established compliance testing policies & procedures.
• Conduct compliance testing to evaluate the effectiveness of risk management environment 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 followed-up on, and corrective action plans are properly executed to comply with corporate policy or applicable regulatory requirements.
• Socialize and report testing results while working to ensure timely completion, including the validation of all corrective actions.
• Employ broad knowledge, understanding and awareness of compliance and regulations to inform, develop and evolve programs to meet Federal Reserve Bank (FRB), Consumer Financial Protection Bureau (CFPB), Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and other regulatory requirements and expectations.
• Work on various compliance related projects within the Department as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree