Director – Product 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 individual contributor role, you will join a dynamic team that collaboratively partners with members of Compliance and a variety of internal stakeholders to support the growth and expansion of Schwab’s investment platforms and solutions business.  You will focus on: (a) strategic initiatives related to complex products, including the development and maintenance of an enterprise-wide complex product program; (b) providing thought leadership and compliance guidance to associates and leaders responsible for Schwab’s third party mutual fund, ETF, and 529 plan platform; and (c) other broker-dealer product initiatives.

The work is dynamic, and success is achieved through: (i) strong collaboration and the ability to foster meaningful and deep relationships across the enterprise; (ii) prioritizing and timely addressing numerous efforts simultaneously; (iii) a growth mindset and adaptability; (iv) a desire to create innovative solutions that benefit our clients and the firm; and, (v) serving as a resource and mentor for other members of the Compliance team.  If you exhibit these qualities, possess an aptitude for continual learning, and want to be an instrumental partner focused on advancing Schwab’s investment platforms and solutions, we encourage you to apply.

Primary Responsibilities:

• Utilize broad and deep knowledge to provide high caliber compliance advice and guidance on a variety of topics associated with Schwab’s investment platforms and solutions
• Influence and strategically guide compliance, regulatory, and business initiatives associated with Schwab’s investment platforms and solutions, recommending creative solutions that advance the business
• Execute compliance monitoring activities for adherence to regulatory requirements and internal policies
• Partner with Schwab’s Chief Compliance Officers to ensure comprehensive and robust compliance programs for Schwab, identifying opportunities for enhancement and increased efficiency
• Identify, investigate, and assist in the resolution of potential compliance issues, including those that are the most complex and ambiguous
• Interpret and assess laws, rules, and regulations affecting the operation of the wealth management organization
• Review disclosure documents and marketing collateral
• As needed, support and participate in internal audits, risk assessments, and relevant regulatory exams
• Contribute to additional projects and tasks based on business and Compliance needs

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

• 10+ years of industry experience, preferably at a broker-dealer or investment adviser, with 5+ years in a compliance, regulatory affairs, risk, or audit role
• Strong working knowledge of SEC, FINRA, and MSRB rules applicable to distribution of mutual funds, ETFs, 529 plans and complex products, and other relevant federal and state securities laws, rules, and regulations  
• Solid understanding of a wide array of investment products, including interval and tender funds, private funds, long/short strategies, structured products, novel exchange-traded products, digital assets
• Experience providing advice and guidance to broker-dealers and/or registered investment advisers, with expertise in managing compliance risk effectively
• Previous involvement in strategic initiatives and significant projects, including those involving senior leaders across an enterprise
• Strong understanding of Schwab’s product landscape, including product creation and distribution channels

Skills

• Exceptional at analyzing and creatively solving ambiguous and complex matters with an understanding of how those solutions impact the broader ecosystem
• Excel at developing strong and meaningful networks and partnerships across the organization, establishing trust and confidence with a diverse group of stakeholders
• Adept at influencing outcomes, thinking strategically, and proactively taking initiative
• Comfortable working independently and as a member of a geographically dispersed team
• Highly organized and meticulous, collaborative, and excited to continually learn in a dynamic and growing organization
• Superb writing, verbal, and interpersonal skills that are effective with a variety of audiences
• Outstanding judgment, strong work ethic, thought leadership, and unwavering integrity

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