Managing Director and Deputy Chief Counsel, Privacy and Cybersecurity

Job Description

Your Opportunity

We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm, and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible, and understandable for all. As we enter our fifth decade, we are looking for talented, innovative, and driven people who believe they can help themselves, and our clients, create a better future.

About the Charles Schwab Corporation

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 30.5 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.5 million banking accounts, and $6.8 trillion in client assets as of January 31, 2021. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC, https://www.sipc.org), and their affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc., and The Toronto-Dominion Bank.

More information is available at https://www.aboutschwab.com.

We are recruiting a Managing Director and Deputy Chief Counsel, Privacy and Cybersecurity to serve as a key legal advisor to the Chief Information Security Officer and the Chief Privacy Officer. The role will continuously track, analyze, and advise on the ever-changing landscape of privacy and data protection laws in the regions where the firm operates including Europe and Asia. The MD will support the firm’s strategic Digital initiatives involving data analytics, AI, data aggregation, as well as assist Schwab Cybersecurity to protect its IT infrastructure and assets.

Importantly, the MD will play a direct leadership role in addressing high-stakes data incidents involving ransomware, malware, phishing, and other forms of infiltration. The MD will interface directly with State Attorneys General, the FTC, SEC, and FINRA to address data incidents and work with external counsel to ensure the preservation of privilege to the firm’s benefit. The MD will play an instrumental role in providing advice on important strategic initiatives within the Schwab Technology Services (STS) organization. The MD will also play an important role in counseling business partners on addressing regulatory and legal issues related to privacy and data, including evolving legislation to protect the company, the brand, and provide accurate legal advice.

This role will also interact with and influence other Senior Leaders, and members of their teams enterprise-wide; primarily in STS and Digital Solutions, as well as Operations and Compliance, where the MD will need to influence the business on monitoring, testing, and reporting, as well as serve as the primary legal voice with regulators.

What you are good at

• Representing the firm in regulatory inquiries involving data incidents.
• Working with Risk Management teams to evaluate cyber policies and appropriate lines of coverage to protect the firm.
• Advising senior executives on responses to data incidents accounting for issues of legal privilege, communications with the press, and timely notification to regulators.
• Continuously monitoring and advising on a complex framework of US and international data breach and privacy laws including GDPR.
• Collaborating with external stakeholders such as law enforcement, cybersecurity firms, external counsel, and federal and state regulators.
• Working with internal stakeholders to fine-tune Incident Response Plan.
• Participating in Tabletop Exercises to pressure test firm’s readiness for data incidents.
• Advising the firm on privacy laws and regulations to drive its strategic initiatives and help inform business decisions within the firm’s risk appetite.
• In-depth understanding of the firm’s dynamic digital platforms, client offerings, and client engagement models to anticipate and identify issues concerning US federal and state, and international laws and regulations governing data privacy and data protection. Stay abreast of continuously changing laws and proactively engage with senior legal leaders, business leaders, and potentially the Board to help shape our data and privacy strategies and guide the firm’s urgent response in the event of a data incident.

What you have

• Law degree (JD, LLB, or equivalent) from an accredited US law school. Admission to and in good standing with the state bar of at least one U.S. state.
• At least 10 years of experience as a practicing attorney either in-house (or in an equivalent setting) or at a reputable law firm, with at least 5 of those years focused on data protection and privacy.
• Sound legal and business knowledge, judgment, and ability to support lawyers and business partners in an efficient manner.
• Extensive experience and seasoned judgment are critical for providing legal advice to the business and proactively identifying improvements in the legal management of issues.
• Ability to handle multiple assignments simultaneously with an effective resolution of conflicting priorities and experience advising business and technical teams on launching new products and features and in negotiating complex commercial deals.
• Ability to leverage strategic and analytical capabilities to make sound, timely decisions based on client and field input supporting and maintaining a strong risk and control environment including evaluating risk versus expense versus the client experience.
• Extremely strong client relationship management and negotiation skills required with the ability to assess and effectively communicate processing capabilities and identify alternative solutions for clients and business partners.
• Combination of a strategic, practical, and creative thinker; strong “systemic” thinker who can connect all the dots, taking the initiative and resulting capabilities from concept to execution.
• Confidence and courage in business and talent decisions, actions, and communications with a demonstrated ability to take decisive action when needed, including championing ideas, position, or dissent.
• Strong emotional intelligence/maturity and senior-level executive presence.
• Thrives on initiating, building, and cultivating strong authentic relationships inside and outside the group; highly collaborative; navigates and activates alignment across organizational silos.
• Extraordinary interpersonal and communication skills; phenomenal ability to communicate information effectively internally and externally, including to non-legal audiences, and to drive cross-functional alignment and action.
• Creative thinker with strong problem-solving skills and the ability to stay calm under challenging circumstances.
• Execution oriented mindset with the humility, drive, and strong growth orientation.
• Facilitate a team-based approach to subject matter management and knowledge sharing, and comfort with a flexible, agile environment emphasizing collaboration and team performance over management hierarchy.

Why work for us?

Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.

Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future. Explore further.

Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an Equal Opportunity Employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. Please click here to see the policy.

Schwab is an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at [email protected] or call 800-275-1281.

TD Ameritrade, a subsidiary of Charles Schwab, is an Equal Opportunity Employer. At TD Ameritrade we believe People Matter. We value diversity and believe that it goes beyond all protected classes, thoughts, ideas, and perspectives.