Director-Compliance Risk Assessment – Broker-Dealer/Investment Adviser

Job Description

Your Opportunity

Compliance is a team dedicated to achieving Schwab's strategic priorities, protecting our customers, employees and the Schwab brand from risk, and advocating for regulatory and legislative reforms to support and expand our business. The Risk Assessment team is primarily responsible for the design, execution, and retention of various Compliance Risk Assessment Programs. This is an individual contributor role reporting to the Managing Director of Compliance.

What you’re good at

The CS&Co Corporate Compliance Program is seeking a Director to oversee the Charles Schwab and Co., Inc. Broker-Dealer and Investment Advisor Risk Assessment. This role will be responsible for the processes that evidence the ongoing risk assessment. It will be imperative for this person to be the primary liaison within the understanding, updating, and socializing Broker-Dealer & Investment Advisor Risk across the firm.

Director – Broker-Dealer/Investment Advisor Risk Assessment will:

• Oversee the creation and updating of the Annual and Interim Broker-Dealer and Investment Advisor Risk Assessment. Combine or roll up various risk assessments as applicable.
• Provide guidance and engaging applicable Compliance Subject Matter Experts.
• Track updates to risk levels, assess the need for modifications to risk categories, risk scenarios or related regulatory references.
• Draft Annual Summary Report for inclusion in Corporate Risk Assessment Report.
• Coordinate with other Retail Services Programs in tracking Compliance or business risk reporting and testing.
• Prepare presentation materials and present Risk Assessment results to various business partners as well as Senior Management.
• Continually evaluate the need for enhancements to the Broker-Dealer/Investment Advisor Risk Assessment program, and coordinate efforts across the Compliance Department.
• Remain current on Firm policies and procedures, regulatory changes, as well as develop and maintain strong working relationships with colleagues within the Compliance Department.
• Assess the risk rating and report results.
• Complete Program reporting and record keeping.

What you have

The successful candidate will have:

• 7-10 years industry experience, with five years Broker-Dealer & Investment Advisor Compliance or regulatory experience.
• Bachelor degree or related business equivelant risk and compliance experience required
• Five years of Compliance Risk Assessment experience with a large financial services firm.
• Proficiency in Microsoft Office Programs (Word, PowerPoint, Excel) as well as SharePoint.
• Project management skills and the ability to organize and process large amounts of data/information.
• Project presentation skills and ability to articulately describe risk assessment and controls to a wide-ranging audience.
• Proven ability to collaborate among compliance colleagues and the business in an effort to identify and mitigate risk across the Firm.
• FINRA Series 7 required and 24 preferred.