Director – Product Strategy, New Product Governance and Private Markets Compliance

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.

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.  The Compliance Department advises on applicable federal and state rules and regulations, supervisory systems, and policies and procedures; liaises with regulators; provides guidance on communications with the public; conducts surveillance and investigations to monitor for compliance with firm policies and procedures; processes and maintains firm and employee registrations; and, performs a variety of other compliance functions.

In this people leader role, you will lead a high-performing Compliance team responsible for providing strategic advice, oversight, and challenge across Schwab’s new product governance, product strategy, and private markets activities, including products and platforms supported through Forge. You will be responsible for helping shape and mature a scalable compliance framework that supports responsible innovation, strong client outcomes, effective governance, and timely identification and escalation of regulatory considerations across public and private market product initiatives.

The work is dynamic and requires the ability to lead through ambiguity, connect regulatory requirements to business strategy, and develop talent capable of advising on complex and evolving products. Success is achieved through: (i) strong people leadership and team development; (ii) deep collaboration with business, Legal, Risk, Supervision, Operations, Technology, and senior Compliance leaders; (iii) sound judgment in balancing innovation, control expectations, and client experience; (iv) the ability to influence governance outcomes across the enterprise; and (v) a practical, solutions-oriented mindset. If you are energized by building teams, advancing a modern compliance program, and supporting Schwab’s continued expansion into product strategy and private markets, we encourage you to apply.

Primary Responsibilities:

• Lead and develop a team responsible for compliance coverage of new product governance, product strategy, complex products, and private markets initiatives, including Forge-related products, platforms, and integration activity
• Provide strategic compliance advice and effective challenge on product design, approval, distribution, disclosure, supervision, conflicts, risk governance, and ongoing monitoring expectations
• Partner with business leaders and control partners to strengthen governance routines for new and evolving products, ensuring clear ownership, timely escalation, and appropriate documentation of compliance considerations and decisions
• Serve as a senior Compliance advisor on private markets activities, including secondary market offerings, special purpose vehicles, private funds, alternative investments, issuer and investor considerations, and related broker-dealer and investment adviser obligations
• Help mature the compliance framework supporting Schwab’s private markets strategy through Forge, including policies, procedures, monitoring, training, escalation criteria, and alignment across legal entities and regulatory regimes
• Influence senior stakeholders by translating complex regulatory requirements into practical guidance that supports responsible growth, strong controls, and a differentiated client experience
• Partner with Schwab’s Chief Compliance Officers and senior Compliance leaders to ensure coordinated coverage across broker-dealer, investment adviser, asset management, and affiliated private markets businesses
• Identify, investigate, escalate, and support resolution of complex or ambiguous compliance issues, including those involving new product launches, private market transactions, disclosures, conflicts, suitability, fiduciary considerations, communications, and supervision
• Assess regulatory developments and industry practices affecting product governance, alternative investments, private markets, and wealth management distribution, and advise on implications for Schwab’s strategy and control environment
• Support internal audits, risk assessments, regulatory examinations, and governance reporting related to new products, complex products, and private markets activities
• Attract, coach, and retain talent by setting clear priorities, providing direct feedback, building subject matter depth, and fostering a collaborative, inclusive, and accountable team culture

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.

Relevant Education and Work Experience

• 12+ years of industry experience, preferably at a broker-dealer, investment adviser, asset manager, alternative investment platform, or other financial services organization, with substantial experience in compliance, regulatory affairs, risk, legal, supervision, or audit
• Prior people leadership experience, including leading managers or senior professionals, setting priorities, developing talent, and creating accountability across a complex portfolio of work
• Strong working knowledge of SEC and FINRA requirements applicable to broker-dealers, investment advisers, product distribution, supervision, communications, conflicts of interest, disclosure, Reg BI, fiduciary obligations, and complex or alternative products
• Demonstrated understanding of new product governance, product approval routines, product strategy, risk assessment, and control design across a large financial services enterprise
• Experience with private markets or alternative investments, including private funds, special purpose vehicles, secondary transactions, interval or tender offer funds, structured products, investment platforms, or related distribution and supervision considerations
• Experience advising on strategic initiatives and significant enterprise projects, including matters involving senior leaders, multiple legal entities, integration activity, or evolving regulatory frameworks
• Strong understanding of Schwab’s product landscape, including product creation, distribution channels, wealth management platforms, and the importance of clear governance when expanding into new or evolving markets

Skills

• Proven ability to lead, motivate, and develop high-performing teams, including senior subject matter experts working on complex and high-visibility matters
• Exceptional judgment and ability to analyze ambiguous issues, connect regulatory expectations to business strategy, and recommend practical solutions that strengthen the broader control environment
• Strong executive presence with the ability to advise, influence, and challenge senior leaders in a direct, balanced, and constructive manner
• Skilled at building trusted relationships across Compliance, Legal, Risk, Supervision, Operations, Technology, product, and business teams
• Highly organized and able to prioritize a broad book of work, drive clarity, and maintain momentum across concurrent initiatives with senior-level visibility
• Strong written and verbal communication skills, including the ability to prepare clear governance materials, escalation summaries, executive briefings, and practical guidance for business partners
• Growth mindset, high integrity, curiosity, and a demonstrated commitment to client trust, sound governance, and responsible innovation

Preferred Qualifications:

• Bachelor’s degree, with advanced degree or education viewed favorably
• FINRA Series 7, 24, 63, and 65 or 66 licenses a plus

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