Your Opportunity

Schwab remains committed to providing increased visibility to career growth opportunities and job requirements. This posting announcement is part of increased transparency and while all qualified applicants will be reviewed and considered, this organization has a preferred candidate identified for this role.

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location.

What You Will Do

• Conduct operational risk reviews, assessments, and analyses across multiple business functions within CSTB.
• Identify operational risks, process weaknesses, control concerns, and emerging trends through research, reporting, data analysis, and business engagement.
• Analyze operational losses, incidents, complaints, audit observations, and other risk-related information to identify themes, trends, and potential risk exposures.
• Develop risk-based recommendations that assist business partners in strengthening processes, improving controls, and reducing operational risk.
• Partner with business stakeholders to evaluate processes and identify opportunities to improve efficiency, enhance controls, and mitigate risk.
• Escalate identified risks and concerns to management while providing thoughtful analysis and recommendations.
• Support the development and maintenance of operational risk reporting, dashboards, metrics, and governance materials.
• Prepare presentations and management reporting for leadership teams, committees, and governance forums.
• Analyze operational risk trends and business metrics to provide meaningful insights that support management decision-making.
• Represent Business Unit Risk on projects, process improvement initiatives, system implementations, and business change efforts as assigned.
• Identify opportunities to improve risk reporting, monitoring activities, and operational risk management practices through automation, analytics, and process enhancements.
• Collaborate with Compliance, Internal Audit, Enterprise Risk Management, Legal, and business partners to support effective risk management practices across the organization.
• Independently manage assigned work while keeping leadership informed of emerging risks, significant concerns, and opportunities requiring escalation or management attention.

What you have

To ensure that we have fulfilled our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

Required Qualifications

• Bachelor's degree or equivalent experience.
• 3-5 years of experience in financial services, banking, trust, brokerage, audit, compliance, risk management, or related business functions.
• 2-5 years of experience in operational risk management, audit, compliance, internal controls, fraud, or related disciplines.
• Experience conducting risk assessments, analyzing operational issues, evaluating risk exposures, and developing risk-based recommendations.
• Strong analytical, problem-solving, research, and critical-thinking skills.
• Demonstrated ability to manage assignments and projects with minimal supervision.
• Strong written and verbal communication skills with the ability to effectively communicate across all levels of the organization.
• Strong organizational and time-management skills with the ability to manage multiple priorities simultaneously.
• Proficiency in Microsoft Excel, PowerPoint, Visio, and other reporting tools.
• Ability to work collaboratively with business partners while providing constructive challenge and an independent risk perspective

Preferred Qualifications

• Experience supporting trust, custody, retirement, brokerage, or banking operations.
• Experience performing operational risk reviews, investigations, process evaluations, governance reporting, or risk monitoring activities.
• Knowledge of operational risk management principles, risk reporting, governance practices, and control frameworks.
• Experience with process mapping, workflow analysis, process improvement, or operational effectiveness initiatives.

Success in This Role

A successful Senior Risk Specialist:

• Demonstrates the ability to independently manage assigned responsibilities while effectively partnering with the Business Unit Risk leadership team for guidance, prioritization, and escalation support.
• Demonstrates sound judgment when identifying, analyzing, and escalating operational risks.
• Serves as a trusted business partner by providing meaningful risk-based insights and recommendations.
• Effectively communicates operational risk trends, concerns, and opportunities to stakeholders and leadership.
• Identifies opportunities to improve processes, strengthen controls, and enhance operational effectiveness.
• Balances business objectives with prudent risk management practices.
• Proactively identifies emerging risks and elevates concerns before they become more significant issues.
• Contributes to a strong culture of risk awareness, accountability, and continuous improvement across CSTB.

In addition to the salary range, this role is also eligible for bonus or incentive opportunities