Sr. Manager, Global Sanctions

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.

The position is within the Global Sanctions department, part of the Financial Crimes Risk Management (FCRM) organization. The department is responsible for assessing sanctions risk, upholding U.S. and other applicable sanctions regimes, and ensuring that the firm is well positioned to navigate the increasingly complex sanctions landscape and to adapt to future sanctions programs. The team uses a suite of tools to screen and review the firm’s clients, along with their transactions and securities. The team is also responsible for the management and oversight of these tools, including access, tuning, and data governance. With firm-wide responsibility for sanctions compliance, the Global Sanctions team serves as the firm’s focal point for all sanctions strategy, processes, and procedures, and represents Schwab in sanctions-related discussions with peer financial institutions and industry groups.

What you’ll do:

•    Lead a team of analysts responsible for reviewing and dispositioning sanctions alerts related to clients, transactions, vendors, and securities, ensuring that Schwab remains compliant with all relevant sanctions regulations. 
•    Identify red flags that may be associated with sanctions evasion, money laundering, and/or terrorist financing. 
•    Identify opportunities for process improvements to enhance efficiency and improve controls.
•    Manage engagement and collaboration initiatives across business lines to enhance existing sanctions screening tools and identify and implement additional processes as needed.
•    Keep abreast of regulatory changes and appropriately document policies, procedures, and investigative outcomes.
•    Communicate verbally and in writing with various business contacts and stakeholders regarding a range of sanctions-related issues.
•    Prepare reports and escalate significant risks and issues in a timely manner. 
•    Support all components of the Global Sanctions team, as needed, which may include projects with a focus on operational, strategic, or technology needs.
•    Serve as subject matter expert and resource for the broader team; mentor and coach more junior staff.
•    Support firm-wide training efforts related to sanctions compliance.

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

•    Desire to be viewed as a subject matter expert at all levels, both within FCRM and by our business partners.
•    Critical thinking skills and a track record of taking ownership and driving solutions on complex assignments with regulatory or audit implications.
•    Five to ten years of experience in the financial services industry or experience with banking/broker-dealer businesses and securities/banking industry regulations and practices.
•    Experience with U.S laws and regulations applicable to U.S. sanctions; familiarity with the U.S. Treasury Department’s Office of Foreign Assets Control.
•    Outstanding written, verbal, and interpersonal communication skills with demonstrated ability to communicate effectively with all levels of an organization.
•    Excellent PC skills and comfort learning new systems and tools.
•    Demonstrated ability to identify and solve complex issues in a team environment working with various levels of management and business partners.
•    Positive attitude, enthusiasm, and strong work ethic with high level of integrity and ethics.
•    Ability to prioritize effectively in a fast-paced environment and function in a professional manner under pressure.
•    A bachelor’s degree preferred or equivalent business experience.

Preferred Qualifications

• FINRA series 7 registration
  CAMS, CFCS, CGSS, or similar certification

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