Senior Manager, Financial Crimes Risk Management

Your Opportunity

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.

Charles Schwab has been a leader in financial services for over four decades, working to make investing more affordable, accessible and understandable to all. 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. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

The Financial Crimes Risk Management (FCRM) Exam & Audit Management team in Corporate Risk Management oversees financial crimes and conduct risks, and performs activities to report on the health of the Program and to assess related risks to the firm.  We have an opening for a Sr. Manager position to be based in Westlake, TX, Omaha, NE and Orlando, FL.

What you’ll do:

The successful candidate will primarily be involved in regulatory examinations/audit liaison activities related to BSA/AML and OFAC/Global Sanctions, Conduct, and Fraud Risk Programs.  The Sr. Manager will serve as the central point of contact for regulators, auditors, and internal/external business partners to support FCRM in providing a consistent and holistic approach as it relates to exam/audit management, including issue management.

As a direct report to the Director of the Exam and Audit Management team, the Sr. Manager will:

• Manage the FCRM and cross enterprise financial crimes and conduct-related regulatory examinations and audits.
• Work closely with regulatory examiners, 2LOD Testing teams, Regulatory Liaison Office, Internal Audit and other groups within and outside of FCRM.
• Handle document production for regulatory exams and audits related to BSA/AML and OFAC/Sanctions, Conduct, and Fraud specific reviews, often on an expedited basis.
• Perform qualitative review of information provided in response to regulatory exam and audit requests to ensure it is responsive, transparent, relevant and accurate.
• Draft document responses to examiner / auditor requests for information and facilitate document review with examiners and auditors on the validation of findings.
• Track and report the status of regulatory exams and audits, issues, and corrective actions and aggregate and analyze results
• Help to ensure issues are appropriately escalated and adequate corrective action plans are established and tracked
• Provide guidance, support, and knowledge sharing to help peers navigate complex work and achieve consistent, high-quality outcomes.
• Support and assist with other aspects of the BSA/AML and OFAC/Sanctions, Conduct, and Fraud Risk Programs, including the management of initiatives related to outstanding regulatory exam and audit issues and reporting on behalf of FCRM.
• Remains current on applicable laws and regulations, industry trends, and compliance/regulatory best practices.
• Provide guidance, support, and knowledge sharing to help peers navigate complex work and achieve consistent, high-quality outcomes.

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

• Strong working knowledge of Schwab and FCRM systems, processes, policies, and procedures
• BS/BA degree or equivalent work experience
• 7 or more years in the financial services industry (banking and/or securities) with a solid background in BSA/AML and OFAC/Sanctions, Fraud, Regulatory Compliance or Risk Management as well as audit / exam management experience in this area
• Experience in corporate governance and risk management from an enterprise-wide perspective
• Outstanding written and verbal communication skills with demonstrated ability to communicate effectively with all levels of organization
• Demonstrated ability to analyze issues and develop plans on a systemic level, thinking through potential connections and impact across the Schwab ecosystem, and developing roadmaps to achieve long term vision through short term deliverables
• Understanding of the regulatory environment and rules and regulations applicable to a diversified financial services firm, including strong knowledge of financial crimes and conduct-related risk regulations and laws
• Ability to effectively and quickly build relationships and establish trust, respect, competence and confidence
• Experience consulting with all levels of management and working collaboratively with various groups with potentially disparate objectives
• Results-oriented, able to quickly sort through information and develop concise and clear strategies and solutions
• Ability to be flexible, use sound judgment, solve problems, work under pressure, and meet tight deadlines
• Advanced skill with Microsoft Word, Excel and PowerPoint.
• Positive attitude, enthusiasm, professionalism and strong work ethic with high level of integrity and ethics

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