Charles Schwab

Director, Futures and Forex Compliance

Charles Schwab • $150K — $180K *
Chicago, IL 60629In-Person
Finance & Insurance
8 - 10 years of experience
Reposted 5 days ago
Job Overview by Ladders

Qualifications

  • 10+ years in financial services compliance, especially in futures and foreign exchange sectors
  • Expertise in futures, foreign exchange, clearing, and customer protection regulations
  • Proven experience with regulatory inquiries from CFTC, NFA, and exchanges
  • Experience in managing regulatory examinations and driving remediation actions
  • Ability to lead independently in a highly regulated environment
  • Skill to translate intricate regulatory frameworks into operational controls
  • Strong communication skills for articulating regulatory information to stakeholders
  • Good judgment in navigating evolving regulatory landscapes

Responsibilities

  • Oversee compliance policies for futures and retail foreign exchange activities
  • Ensure adherence to Commodity Exchange Act and CFTC regulations
  • Identify and mitigate conflicts of interest with senior leadership input
  • Support CCO with the preparation and submission of the annual CCO report
  • Act as liaison with regulators, exchanges, and self-regulatory organizations
  • Develop and maintain a comprehensive compliance program for FCM and FDM activities
  • Implement and manage monitoring frameworks for compliance issues and remedial actions

Benefits

  • Collaborative work culture across departments
  • Opportunity to lead a diverse compliance team
  • Engagement with senior leaders and regulators
  • Involvement in broad compliance activities across multiple regulated entities
  • Challenging role in an evolving regulatory landscape
Full Job Description
Your Opportunity

The Compliance Director is a senior leader responsible for the design, implementation, and oversight of Schwab’s Compliance Program for its Futures Commission Merchant (FCM) and Forex Dealer Member (FDM) activities. This role requires enterprise-wide thinking, exceptional collaboration, and the ability to operate across regulated entities and emerging areas, including digital assets and prediction markets.

 

The Compliance Director leads the compliance risk management program for Schwab’s FCM and FDM businesses, ensuring alignment with Schwab’s strategic objectives and regulatory requirements. This leader models Schwab’s values, drives collaboration across Compliance, Legal, Risk, and business partners, and is accountable for the effectiveness of the compliance program.

 

Measures of Success

  • Personal ownership and accountability for assigned compliance risk management programs.

  • Evidence of enterprise-wide thinking and collaboration.

  • Success in attracting, empowering, and developing a diverse team.

  • Effective engagement with senior leaders and regulators.

Core Responsibilities

Regulatory Oversight

  • Administer and oversee compliance policies and procedures for FCM and retail foreign exchange activities, ensuring compliance with the Commodity Exchange Act, and NFA exchange rules.

  • Take reasonable steps to ensure compliance with the Act and CFTC regulations related to the FCM and retail foreign exchange business.

  • In consultation with the Board of Directors or Senior Officers, identify, manage, and mitigate material conflicts of interest arising from the firm’s activities as a registered FCM and FDM.

  • Support the firm’s designated CCO under CFTC Rule 3.3, including preparation, signing, filing and certification of the annual CCO report.

  • Act as liaison to the internal team who interfaces with regulators, exchanges, and self-regulatory organizations (SROs).

Compliance Program Leadership

Alongside existing team, develop, implement, and maintain a comprehensive compliance program covering:

  • Futures and options on futures trading and clearing

  • Retail foreign exchange and related activities

  • Customer protection and segregation requirements

  • OTC Cleared Swaps activities

  • BSA/AML, fraud, and financial crimes compliance and controls (in partnership with Financial Crimes and Risk Management)

  • Ethics, conflicts of interest, conduct risk, and market integrity

Monitoring, Surveillance, Testing, and Remediation

  • Implement monitoring, surveillance, and testing frameworks across trading and clearing.

  • Oversee identification, escalation, and remediation of compliance issues.

  • Establish and maintain written policies and procedures reasonably designed to handle, respond to, remediate, re-test, and resolve noncompliance issues.

  • Ensure robust documentation, audit readiness, and regulatory reporting.

Governance and Escalation

  • Escalate material risks, regulatory developments, and compliance deficiencies.

  • Ensure appropriate governance over new products, including risk assessments and formal compliance sign-off.

What you have

Required Qualifications:

  • 10+ years in financial services compliance, with significant experience in futures, foreign exchange, derivatives, and FCM & FDM compliance.

  • Deep expertise in futures, foreign exchange, clearing, and customer protection rules, including CEA and NFA rules and regulations.

  • Strong experience engaging on regulatory inquiries and other matters with the CFTC, NFA, and exchanges.

  • Very strong experience leading and managing regulatory examinations, including direct engagement with regulators, coordinating responses, and driving remediation of exam findings.

  • Demonstrated ability to lead and operate with independence and authority in a highly regulated environment.

  • Ability to translate complex regulatory frameworks into operational controls.

  • Exceptional written and verbal communication skills, with the ability to translate complex regulatory information for business stakeholders.

  • Excellent judgment in ambiguous and evolving regulatory areas.

  • Series 3 license, or ability to obtain.

Preferred Qualifications:

  • Series 34 license, or ability to obtain.

  • JD.

About Charles Schwab

Charles Schwab is a financial services company that provides a full range of securities, brokerage, banking, money management, financial advisory, investor, and retirement plan services. It operates in four main divisions; investing, wealth management, banking, and trading. Charles Schwab provides a full-service brokerage platform that serves individual investors who invest on their own or through a workplace-sponsored retirement or equity plan, as well as banking through Schwab Bank. The firm was founded in 1973 and is headquartered in San Francisco, California.

Charles Schwab Careers

Join the vibrant team at Charles Schwab, a leader in global finance, where your career is propelled by innovation, leadership, and a commitment to diversity and professional growth. At Charles Schwab, we offer more than just job opportunities; we provide a platform for you to make a significant impact on the industry and our clients' lives.

Work You’ll Do

At Charles Schwab, we are dedicated to helping our clients manage their financial futures. Being part of our team means you'll work alongside some of the most skilled professionals in the financial services industry. Our culture thrives on teamwork, integrity, and relentless dedication to our clients. Whether you're looking for a position in financial consulting, technology, or administrative support, Charles Schwab offers a dynamic work environment where your skills will be honed and your achievements recognized.

Innovate and Lead

Embrace the opportunity to lead through innovation. Charles Schwab’s commitment to technology and innovation is fundamental to our service delivery. By joining our team, you will be at the forefront of developing new solutions that redefine the future of finance. Your leadership can guide significant projects that impact our company and the industry.

Grow Your Career

Charles Schwab believes in fostering the growth of its employees. Whether through professional development programs, diversity training, or leadership workshops, we ensure that our team members receive the support and training they need to advance their careers. With a variety of career paths available, your job at Schwab can evolve with your interests and expertise.

Internship and Employment Opportunities

Start your professional journey with Charles Schwab through our internship programs or full-time employment opportunities. We seek individuals who are passionate, curious, and ready to drive change. A career at Schwab is not just about having a job; it's about building a lasting relationship with a company that values your potential.

Benefits and Culture

Charles Schwab is renowned for its employee-friendly culture. We offer a comprehensive benefits package that supports the health, financial stability, and work-life balance of our team members. From competitive salaries and bonuses to health insurance and retirement plans, Schwab ensures that your career is as rewarding as it is enriching.

Networking and Professional Development

Expand your professional network and enhance your skills through our various networking events, mentorship programs, and training sessions. At Charles Schwab, we believe in leveraging collective expertise to foster learning and innovation. Engage with leaders, gain insights from experienced professionals, and build relationships that will aid your career trajectory.

Join Our Team

Explore the numerous career paths available at Charles Schwab and discover how your talents can be utilized to their fullest potential. Search open positions that match your skills and interests. We are continuously hiring across various disciplines and look forward to adding innovative, driven individuals to our team.

Stay Connected

Keep up to date with the latest from Charles Schwab Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that align with your career preferences and be the first to know about new openings, company news, and professional tips.

Explore Charles Schwab Jobs

Ready to take the next step in your career? Visit our careers page to review current job openings, submit your resume, and prepare for your interview. At Charles Schwab, your future is waiting. [SEARCH CHARLES SCHWAB JOBS] Join Charles Schwab today and be part of a team that values diversity, innovation, and leadership—where your career can thrive in the exciting world of finance.
Learn more about Charles Schwab
Size
34,200 employees
Market Cap
$151.6 billion
Industry
Finance & Insurance
Net Income
$3.2 billion
Founded
1973
5 Year Trend
+20%
Revenue
$12.1 billion
NASDAQ
SCHW
* Ladders Estimates

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