Director, SAM Enterprise Risk

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 are empowered to make an impact on your career. Here, innovative thought meets disciplined risk management, helping us challenge the status quo while protecting our clients, our products, and our firm.

The Director, SAM Enterprise Risk, is a senior leadership role within Schwab Asset Management (SAM), responsible for the design, execution, and ongoing oversight of the SAM Enterprise Risk Management (ERM) program. SAM is committed to providing competitively priced mutual funds, ETFs, and separately managed account (SMA) strategies designed to meet the needs of long‑term investors while maintaining a strong risk and control environment.

Schwab Asset Management is the asset management arm of The Charles Schwab Corporation and manages a broad lineup of active and indexed equity, fixed income, multi‑asset, asset allocation, and money market strategies.

The Director is accountable for enterprise‑level risk governance, including maintaining the SAM ERM framework, overseeing the identification and monitoring of current and emerging risks, and ensuring alignment with corporate ERM standards. The role requires deep subject‑matter expertise, strong executive presence, excellent judgment, and the ability to influence across a highly matrixed organization. This role partners closely with senior business leaders, Compliance, Internal Audit, and corporate risk functions to support informed risk decision‑making and sustained fiduciary excellence.

Key Responsibilities

• Maintain ownership and ongoing evolution of the SAM Enterprise Risk Management (ERM) framework, including annual review, enhancement, alignment with CSC ERM updates, and coordination of approvals through SAM governance bodies
• Oversee the development and maintenance of a comprehensive, enterprise‑level SAM risk inventory, including current, emerging, strategic risk themes, and cross-committee inputs
• Evaluate and monitor material risks across SAM, including operational, compliance, governance, technology, data, vendor, and investment‑adjacent risk areas
• Partner with business stakeholders to provide effective challenge and risk input into SAM new, expanded, and modified product initiatives, technology implementations, and operating model changes, including evaluation of enterprise, operational, compliance, and emerging risk implications.
• Synthesize risk insights, thematic issues, and emerging trends across the three lines of defense to provide enterprise‑level risk perspectives, effective challenge, and decision‑useful reporting to senior management and governance committees.
• Prepare and deliver enterprise‑level risk reporting and analysis to senior leadership, Fund Board, SAM Risk Committees, CORC, and other governance bodies
• Partner with business stakeholders, Compliance, and Corporate first‑line risk management partners to oversee the SAM Conflicts of Interest (COI) inventory, including coordination of periodic updates, identification and assessment of conflicts, tracking of new or evolving COIs, and execution of the annual review process.
• Partner with business leaders and first‑line risk owners to strengthen risk identification, control design, and issue management practices
• Support deep‑dive reviews of key business processes to assess risk exposure, control effectiveness, and opportunities to enhance the control environment
• Build strong, trusted relationships across the three lines of defense, including Corporate ERM, Operational Risk Management, Compliance, and Internal Audit
• Lead or contribute to cross‑functional risk initiatives and governance projects impacting SAM
• Act as a role model for risk culture, reinforcing accountability, transparency, and proactive risk management across SAM

What you have

Successful candidates demonstrate strong strategic thinking, sound judgment, and the ability to balance risk management discipline with business enablement. You are comfortable operating in ambiguity, influencing senior stakeholders, and translating complex risk concepts into clear, actionable insights.

Requirements include:

• 7–10+ years of experience in enterprise risk management, operational risk, compliance risk, or controls roles within investment management or financial services
• Deep understanding of investment management business models, fiduciary obligations, and regulatory expectations
• Broad experience assessing and managing enterprise‑level risks and control environments
• Proven ability to provide effective challenge and independent risk perspective to senior leaders
• Strong executive‑level written and verbal communication skills, including preparation of board‑ and committee‑ready materials
• Highly collaborative leadership style with demonstrated success working across matrixed organizations
• Ability to make timely, well‑reasoned decisions in a complex regulatory environment
• Undergraduate degree required