Senior Manager, Compliance Risk Testing

Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

About the role

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 affiliated investment advisory programs and mutual funds. 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.

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 thereunder, as well as other federal and state regulations
• Perform other duties and special projects, as may be assigned

Qualifications

• 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

Benefits

• 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

Schedule

Monday through Friday during standard business hours with a hybrid work model (4 days in-office, 1 day working from home).