Senior Manager, Compliance Risk Testing

Charles Schwab Inc. • Southlake, TX

3d • $120,000 - $160,000 • Hybrid

About The Position

Schwab's Compliance Department coordinates the company's compliance efforts, providing advisory, monitoring, testing, and education to support management's supervisory responsibility and adherence to financial services rules, regulations, and policies. This role is for a dynamic and engaging Compliance Professional to join the team as a Senior Manager, responsible for conducting risk-based compliance testing within affiliated investment advisory programs and mutual funds. The Senior Manager, an individual contributor, will conduct testing to evaluate the effectiveness and adequacy of internal controls, policies, procedures, and systems designed to achieve and monitor compliance with regulatory requirements. They are expected to recommend enhancements to the testing program, stay current on regulatory developments and enterprise policies, and build strong partnerships across Compliance, Legal, Corporate Risk Management, and business units.

Requirements

• At least 8 years of experience within financial services ideally with a deep understanding of investment advisory businesses, as well as testing standards/methodologies
• 5 years of experience in a Regulatory Testing/Examiner/Audit role
• Investment Adviser and/or Investment Company experience required
• Understanding of FRB, SEC, FINRA, 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

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 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 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
• Maintain a strong working knowledge of Investment Advisers Act of 1940 and Investment Company Act of 1940 and the rules there under, as well as other federal and state regulations
• Perform other duties and special projects, as may be assigned

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed