Sr. Manager - CSFF (Charles Schwab Futures and Forex LLC ) 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, we believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. The Senior Manager is an individual contributor responsible for assisting the Compliance Director with 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.

The Senior Manager assists key stakeholders with the compliance risk management program for Schwab’s FCM and FDM businesses, ensuring alignment with Schwab’s strategic objectives and regulatory requirements. This associate models Schwab’s values, drives collaboration across Compliance, Legal, Risk, and business partners, and supports the effectiveness of the compliance program.

Measures of Success

• Personal ownership and accountability for assigned compliance risk management programs and functions.
• Evidence of enterprise-wide thinking and collaboration.
• Effective engagement with senior leaders and regulators.

Core Responsibilities

Regulatory Oversight

• Assist with the administration of compliance policies and procedures for Futures and Forex activities, helping to ensure FCM/FDM compliance with CFTC regulations, NFA rules and exchange rules.
• Take reasonable steps to ensure compliance with CFTC regulations and NFA rules related to the FCM and FDM businesses.
• Assist inidentifying, managing, and mitigating material conflicts of interest arising from the firm’s activities as a registered FCM and FDM.
• Support the firm’s designated CCO under CFTC Regulation 3.3, including preparation, signing, and certification of the annual CCO report.

Compliance Program

• Alongside existing team, assist to develop, implement, and maintain a comprehensive compliance program covering:
• Futures and options on futures trading and clearing
• Retail Forex and related 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
• Assist in managing retail client Futures and Forex complaints
• Assist in managing the compliance process related to communications with the public
• Assist with other aspects of compliance support for Trading, Futures/Forex, and Options

Monitoring, Surveillance, Testing, and Remediation

• Assist withmonitoring, surveillance, and testing frameworks across trading, clearing, and custody activities.
• Assist with the 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.
• Assist with thegovernance of new products, including risk assessments and formal compliance sign-off.

Emerging Risk Areas

• Partner with the Compliance Director, Business, Legal, and Corporate Risk Management to evaluate regulatory implications of new offerings.

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

• 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 CFTC, NFA and exchange rules and regulations.
• Strong experience engaging in regulatory inquiries and other matters with the CFTC, NFA, and exchanges.
• Strong experience assisting with the management of regulatory examinations, including direct engagement with regulators, coordinating responses.
• 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, required.

Preferred Qualifications

• Series 34 license, or ability to obtain, preferred.

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