Senior Manager, Business Unit Risk

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.

The Wealth Advisory, Banking & Trust Services Risk & Governance (WABT R&G) is a team of risk professionals supporting the Wealth Advisory, Banking & Trust Services business in understanding and executing on obligations of various risk programs. Within WABT R&G, the Governance and Business Operations team is responsible for elevating and focusing on governance practices across WABT. Key activities include governance (committees, councils and informal forums) across the WABT business, and connection to cross-enterprise forums, Product Review and Disclosure Management.

The Sr. Manager, Business Unit Risk, will support the execution of the Disclosure Management Program, improving efficiency and effectiveness of the process, automation, and accountability of disclosure-related processes. The Sr. Manager will make a broad impact by supporting one or more of the WABT and SIPSS Offer/Product teams (Digital Wealth Products, Wealth Offers, Operations, Strategy or Investment Offers & Solutions) and managing disclosure updates, including content management and the facilitation of reviews and approvals from Offer/Product, Compliance, and Legal.

In this role, you will grow your knowledge by cultivating relevant subject matter expertise (SME) to support WABT disclosure documents and disclosure fragments. You will also assess and implement disclosure updates as products, offers, business practices, and/or the regulatory environment changes. This role also requires building relationships and effectively collaborating across WABT, Partner Enterprises (e.g., Schwab Asset Management, Retail, etc.), First Line Risk Management Office (1RMO), and XDM to support continuous enhancement of the end-to-end process and tooling.

Your responsibilities will include, but not limited to, supporting the following Disclosure management Program activities:

• Support the implementation of the WABT-wide Disclosure Management Program
• Participate in the development and execution of rollout, implementation, communication, and training to support the Disclosure Management Program
• Map and understand connection across various disclosure documents (i.e., Form ADVs, Agreements, Terms & Conditions, and product/offer specific disclosures
• Assess and implement disclosure needs as products, offers, business practices, and/or regulatory environment changes
• Maintain the WABT Disclosure Fragment Glossary
• Establish cross-enterprise partnership with Disclosure Management Stakeholder
• Consult with business offer/product owners, Legal, and Compliance personnel regarding the applicability of rules and regulatory requirements, internal guidelines and disclosure standards, and other risk related issues when reviewing and approving
• Design, develop, and create WABT business guided resources
• Other disclosure or governance related activities

What you have

Required Qualifications:

• 7+ years of risk management and/or disclosure management work experience, preferably in a diversified financial services environment
• 7+ years’ financial services, consulting, or regulatory experience
• Bachelor’s degree and/or equivalent work experience.

Preferred Qualifications:

• Active FINRA Series 7 and 24 licenses
• Solid knowledge of recent regulatory developments with a specific focus on disclosure obligations
• Strong understanding of retail, advisory and brokerage products/services.
• Banking experience is beneficial
• A keen interest in digital disclosure delivery and product management
• Strong written and verbal communication, organization, and project management skills with the ability to coordinate and prioritize actions and milestones
• Ability to motivate colleagues to achieve tactical and strategic delivery goals.
• Proven success streamlining or reimagining existing processes leveraging a creative and resourceful approach
• Successful history influencing and driving a vision while being mindful of stakeholders’ needs and requirements