Senior Manager, Compliance Risk Testing

About the role

The Compliance Department at Schwab coordinates the firm's compliance efforts, performing an advisory, monitoring, testing, and education role to support management's supervisory responsibility and the achievement of compliance with financial services rules and regulations, and policies of the Company.

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

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

Qualifications

• 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

Skills

• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team
• Proficiency in Microsoft Office Suite

Benefits

• 401(k) with company match and Employee stock purchase plan
• Paid time off 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

Pay

Competitive compensation package

Schedule

Hybrid work model (4 days in-office, 1 day working from home)