Director, Investment Advisor Compliance Testing

Your Opportunity

Director – Compliance Risk Testing (Investment Advisory/Investment Company)

Our Opportunity:

Compliance Risk Testing provides independent, risk‑based assurance across Schwab’s advisory, asset management, and related regulated businesses. This Director role leads enterprise‑level testing strategy and execution across complex regulatory domains, ensuring emerging risks are identified early, assessed consistently, and communicated clearly to senior leaders and regulators.

This leader sets the direction for risk‑based test planning, scope development, and execution, while building and sustaining a high‑performing, distributed team of compliance professionals. The role requires deep regulatory expertise, strong executive presence, and the credibility to operate effectively across Compliance, Internal Audit, Legal, and the business.

What you will do:

• Own the design, execution, and ongoing enhancement of a risk‑based compliance testing program covering investment advisory, investment company, and asset management activities.
• Develop and maintain enterprise‑level compliance risk assessments that drive test planning, scoping, prioritization, and testing frequency.
• Lead end‑to‑end testing activities—including planning, execution, quality assurance, issue identification, and escalation—across multiple concurrent testing portfolios.
• Deliver clear, concise, and board‑ready reporting on testing results, trends, and emerging risk themes to senior leadership, governance forums, and regulators.
• Partner closely with Compliance leadership, Internal Audit, Legal, Corporate Risk Management, and business stakeholders to align testing coverage with regulatory expectations and business change.
• Lead, develop, and motivate a geographically distributed team of compliance testing professionals, reinforcing strong governance, accountability, metrics, and consistent execution.
• Influence enterprise risk management practices as Schwab evolves through regulatory, business, and organizational change. 

What you have

Required Qualifications (Must‑Have)

• Bachelor’s degree required.
• Significant experience (typically 15+ years) in compliance testing, regulatory examinations, internal audit, or risk assessment within investment advisory, asset management, or broker‑dealer environments.
• Demonstrated people‑leadership experience managing geographically distributed teams and balancing complex, multi‑workstream testing portfolios.
• Proven ability to design, implement, and mature risk‑based compliance testing programs, including test planning, scoping, execution, and quality assurance.
• Deep working knowledge of SEC, FINRA, and related regulatory requirements, with the ability to apply regulatory expectations to evolving business models.
• Strong executive‑level communication skills, including experience presenting risk themes, testing outcomes, and remediation expectations to senior leadership and regulators.

Preferred / Value‑Add Qualifications

• Experience building enterprise‑wide compliance risk assessments that directly inform testing strategy and coverage.
• Leadership experience across Internal Audit, second‑line compliance testing, and/or regulatory examination functions.
• Board‑facing reporting experience and demonstrated executive presence.
• Professional compliance certifications or licenses (e.g., CICCP, Investment Adviser Representative).
• Familiarity with Schwab’s operating model, culture, and regulatory landscape.