Sr. Manager. Compliance

Job Description

Your Opportunity

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. We accomplish this through providing advice and guidance to our business partners regarding the applicability of rules and regulations; advice on policies, procedures and controls; reviewing marketing materials, advertising and other communications with the public.

We are currently offering the opportunity for a dynamic and engaging Compliance Professional to join our Charles Schwab Investment Advisory, Inc. (CSIA) Compliance Team as a Senior Manager. The Senior Manager will serve as a key Compliance Business Partner and assist the Chief Compliance Officer in developing, maintaining and administering the Compliance Program for CSIA.

CSIA is part of the Schwab Asset Management Solutions (SAMS) organization that includes two SEC-registered investment advisory firms – CSIA and Charles Schwab Investment Management (CSIM) which are wholly-owned subsidiaries of the Charles Schwab Corporation, with offices in San Francisco, CA, Boston, MA, Chicago IL and Denver, CO. CSIA will also be a registered limited purpose broker-dealer in 2020. Our mission at SAMS is to provide the highest quality portfolio advisory services and research on investment managers to SAMS’ and Charles Schwab’s clients and the advisors who serve them. SAMS is responsible for managing the Schwab mutual funds, Schwab ETFs, ThomasPartners Strategies, which invests primarily in dividend paying stocks from companies that it believes have the ability to grow their dividends, the Windhaven Strategies, Schwab Managed Portfolios and Schwab Intelligent Portfolios (“SIP”) which are diversified asset allocation portfolios comprised of either mutual funds or ETFs. SAMS also performs the manager research and evaluation functions for Schwab's Managed Account Select platform, researches and identifies funds/ETFs for Schwab's lists such as the Mutual Fund OneSource Select List and also researches equities for Schwab’s lists such as Schwab Equity Ratings. This growing team has diverse backgrounds which encompass quantitative financial research, investment manager due diligence, and portfolio management and trading.

What you’re good at

The Senior Manager of Compliance for CSIA’s Limited Purpose Broker-Dealer will report directly to the Chief Compliance Officer. This position will have responsibilities relating to all aspects of the Broker Dealer Compliance Program created under FINRA rules and coordinate with the CSIA Investment Advisers Compliance Program. In addition to responsibilities related to the broad CSIA Compliance Program, the Senior Manager of Compliance will:

• Build relationships with Compliance, Risk and Legal Colleagues and key Business Partners including investment management, financial research, sales and marketing, and product management.
• Serve as the Subject Matter Expert on a variety of specific compliance topics.
• Serve as advisor to governance committees.
• Oversee, execute and/or support specific functional responsibilities that support the new Limited Purpose Broker-Dealer Compliance Program including:
  • Registration, supervisor assignment and oversight
  • Continuing Education
  • Advice and support for the Compliance Risk Assessment, Annual Compliance Report, and Risk Control Self Assessments (RCSA) for the business and Compliance
  • BD Conflicts of Interest inventory
  • Testing and Monitoring program
• Advice, support and oversight of the Written Supervisory Procedures and Broker-Dealer provisions of Compliance Manual.
• Advice and guidance related to sales and marketing materials made available for public distribution in accordance with both SEC and FINRA requirements.
• Advice and guidance related to wholesale sales and marketing activities
• Assess proposed regulations for impact on the business, and develop and implement procedures to address relevant changes.
• Additional projects and tasks based on business need and potential coverage gaps.
• Review and update the Compliance Manual and related desktop procedures.
• Participate in cross-affiliate projects.
• Oversee development, annual review and participate in the presentation of compliance training.
• Support and participate in corporate reporting, regulatory exams, and internal audits.

What you have

• A Bachelor’s Degree, (CFA, CFP or Series 65 preferred).
• 6 - 8+ years of experience with working knowledge of broker-dealer compliance programs.
• Advanced communication skills, both verbal and written, with the ability to express oneself clearly and influence effectively, with all levels of an organization.
• Ability to think strategically with sharp analytical skills and strong attention to detail and accuracy.
• Ability to work independently, and within a geographically dispersed team while managing multiple complex projects.
• Ability to independently identify opportunities to improve and enhance the compliance program.
• Ability to identify and solve complex issues in a team environment working with various levels of management and business partners.
• Experience writing, maintaining and revising policies and procedures.
• Experience working with Compliance Risk Assessments, portfolio compliance oversight and trading teams.
• Proficient in Excel, Word, PowerPoint, and Outlook
• Highly effective organizational, prioritization, and time management skills.