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 advisory, monitoring, testing, and educational roles 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 Financial Crimes/Privacy/International program. 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’re good at:
- Drafting testing scopes that include applicable regulatory requirements and adhering to established compliance testing policies & procedures.
- Conducting compliance testing to evaluate the effectiveness of risk management environment for compliance with applicable regulatory requirements and corporate policy.
- Completing assigned testing in accordance with the annual testing plan and adequately documenting the evaluation of the effectiveness of the internal controls.
- Confirming 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.
- Socializing and reporting testing results while working to ensure timely completion.
- Employing broad knowledge, understanding and awareness of compliance and regulations to inform, develop and evolve programs to meet Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Federal Reserve Bank (FRB), FinCEN, OFAC, Securities and Futures Commission (Hong Kong), Financial Conduct Authority (United Kingdom), Monetary Authority of Singapore (MAS), and other regulatory requirements and expectations.
- Working on various compliance related projects within the Department as needed.
You demonstrate these behaviors:
- Analytical Thinking: Approaching a problem by using a logical, systematic, sequential approach.
- Building Collaborative Relationships: The ability to develop, maintain, and strengthen partnerships with others inside or outside of the organization who can provide information, assistance and support.
- Thoroughness: Ensuring that one’s own and other’s work and information are complete and accurate; careful preparation for meetings and presentations; following up with others to ensure that agreements and commitments have been fulfilled.
- Influencing Others: The ability to gain others’ support for ideas, proposals, projects, and solutions.
- Strategic Thinking: Analyzing an organization’s competitive position and developing a clear and compelling vision of what the organization needs for success in the future.
- Flexibility: Openness to different and new ways of doing things; willingness to modify one’s preferred way of doing things.
- Technology Skills: Understanding and experience with Microsoft suite of applications (Word, Excel, Power Point) SharePoint and MyGRC.
What you have
To ensure that we fulfill our promise of “challenging the status quo,” this role has specific qualifications that successful candidates should have.
Required Qualifications:
- Bachelor’s degree or equivalent work experience.
- 4+ years of experience in a Regulatory Testing/Examiner/Audit role including testing standards/methodologies.
- Familiarity with the execution of Second Line of Defense compliance testing including compliance risk management principles.
- 6+ years of experience within financial services with a strong working knowledge of broker-dealer, bank, and investment adviser compliance risks.
- Strong understanding of regulatory expectations, interpreting regulatory guidance, and assessing risk.
- Strong investigative experience with specific emphasis on BSA/AML and OFAC risk, including demonstrated knowledge of the USA PATRIOT Act, Bank Secrecy Act, Anti-Money Laundering Act of 2020, OFAC regulations, California Consumer Privacy Act, and Gramm-Leach-Bliley Act.
- 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.
Preferred Qualifications:
- Professional licensing and/or compliance certifications preferred (e.g., CAMS, CFCS).
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance
