Senior Manager, Wealth Management Compliance

Charles Schwab • Westlake, TX

177d

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. In Compliance, we help our business partners achieve their strategic priorities by promoting principles and practices that build client trust and safeguard the integrity of the firm. The Compliance Department advises on applicable federal and state rules and regulations, supervisory systems, and policies and procedures; liaises with regulators; provides guidance on communications with the public; conducts surveillance and investigations to monitor for compliance with firm policies and procedures; processes and maintains firm and employee registrations; and performs a variety of other compliance functions. In this role, you will join a team and collaboratively partner with members of Wealth and Asset Management Compliance, and a variety of internal stakeholders, to support the continuing growth of Schwab's wealth management business. Your primary responsibilities will focus on: (a) providing compliance advice and guidance to Schwab Wealth Advisory, Inc. (SWAI), a Registered Investment Adviser, and Schwab's retail advisory programs; and (b) maintaining and continually evolving the advisory compliance programs for SWAI and Schwab. The work is dynamic, and success is achieved through: (i) strong collaboration and the ability to foster meaningful and deep relationships across the organization; (ii) prioritizing and timely addressing numerous efforts simultaneously; (iii) a growth mindset and adaptability; and (iv) a desire to create innovative solutions that benefit our clients and the firm. If you exhibit these qualities, possess an aptitude for continual learning, and want to be an instrumental partner advancing Schwab's wealth management business, we encourage you to apply.

Requirements

• 5+ years of direct wealth management compliance, risk, and/or audit experience with knowledge of the Investment Advisers Act of 1940, and relevant federal and state securities laws, rules, and regulations
• Experience providing advice and guidance to registered investment advisers and wrap fee program sponsors
• Other relevant wealth management experience, including financial planning, estate or tax planning may be considered
• Adept at analyzing and creatively solving ambiguous and complex matters with an understanding of how those solutions impact the broader ecosystem
• Excel at developing strong and meaningful networks and partnerships across the organization, establishing trust and confidence with a diverse group of stakeholders
• Influencing outcomes, thinking strategically, and proactively taking initiative
• Comfortable working independently and as a member of a geographically dispersed team
• Highly organized and meticulous, collaborative, and excited to continually learn in a dynamic and growing organization
• Change leader with a positive attitude and forward-thinking approach
• Superb writing, verbal, and interpersonal skills that are effective with a variety of audiences
• Outstanding judgment, strong work ethic, thought leadership, and unwavering integrity

Nice To Haves

• Degree from a college/university
• Investment Adviser Certified Compliance Professional (IACCP®) designation, FINRA Series 65 or 66 licenses a plus
• Knowledge of ERISA, relevant tax laws, FINRA rules, and Regulation Best Interest
• Previous involvement in strategic initiatives and significant projects, including those involving senior leaders

Responsibilities

• Utilize deep knowledge to provide advice and guidance on a variety of topics associated with Schwab's wealth management business
• Identify, investigate, and assist in the timely resolution of compliance issues, including those that are complex and ambiguous
• Execute compliance monitoring activities to ensure comprehensive and robust compliance programs
• Support and participate in internal audits, risk assessments, and relevant regulatory exams
• Interpret and assess laws, rules, and regulations affecting the operation of the wealth management organization
• Review adviser disclosure documents (e.g. Form ADV) and marketing collateral
• Contribute to additional projects and tasks based on business needs

What This Job Offers

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