Charles Schwab

Senior Manager, Compliance Risk Testing

Charles Schwab$100K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years of experience in financial services with investment advisory expertise
  • 5 years in a Regulatory Testing/Examiner/Audit role
  • Experience with Investment Advisers and Investment Company regulations
  • Knowledge of FRB, SEC, FINRA, OCC, Privacy, and Anti-Money Laundering regulations
  • Familiarity with Second Line of Defense compliance testing and risk management principles

Responsibilities

  • Draft testing scopes based on regulatory requirements
  • Conduct compliance testing for effectiveness of internal controls
  • Document evaluation of internal controls as per testing plan
  • Ensure follow-up on compliance issues identified during testing
  • Report testing results and validate corrective actions
  • Maintain up-to-date knowledge of relevant investment regulations
  • Handle special projects and additional duties as assigned

Benefits

  • Collaborative work environment with strong partnerships across departments
  • Opportunities for professional development and career advancement
  • Engagement with a dynamic compliance team
  • Involvement in influencing compliance testing programs
  • Exposure to a variety of compliance-related tasks and projects
Full Job Description
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. The Senior Manager is expected to make recommendations to enhance and refine the testing program and will remain current on regulatory developments, enterprise-wide policies and procedures, as well as develop and foster strong partnerships across Compliance, Legal, Corporate Risk Management, and with business partners. The Senior Manager will: - 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 theeffectiveness of the internal controls - Confirm that compliance issuesidentified during testing are followed-up on, and corrective action plansare properly executed to comply with corporate policy or applicableregulatory 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 there under, as well as other federal and state regulations - Perform other duties and specialprojects, as may be assigned What you have Qualifications: - At least 8 yearsof experience within financial services ideally with a deep understanding ofinvestment advisory businesses, as well as testing standards/methodologies - 5 years ofexperience in a Regulatory Testing/Examiner/Audit role - Investment Adviser and/or Investment Company experience required - Understanding ofFRB, SEC, FINRA, OCC, Privacy and Anti-Money Laundering rules and regulations - Familiarity withthe execution of Second Line of Defense compliance testing includingcompliance risk management principles

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
Net Income
$3.2 billion
Founded
1973
5 Year Trend
+20%
Revenue
$12.1 billion
NASDAQ

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