Sr Manager, AML Investigations

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.

Senior Manager (58) – AML Investigations

FCRM Mission: Thinking ahead of the threat. Be the leader in the detection and mitigation of financial crime threats for our clients and the Firm.

Our Opportunity

The position is within the Financial Crimes Risk Management (FCRM) organization. The organization assists in the assessment of Anti-Money Laundering (AML) risk presented to our business and the affirmative commitment to comply with laws and regulations governing money laundering activities, those identified under OFAC, as well as other financial crimes. A key objective of the organization is our ongoing commitment to the corporation’s abilities to meet regulatory obligations. Responsibilities of FCRM extend beyond the AML program and include the Corporation’s Anti-Bribery and Identity Theft Program, Internal Investigations, and the safeguarding of customer and corporate assets against Fraud. 

We are currently offering the opportunity for a dynamic, self-motivated, and engaged AML professional to join our team as an AML Investigations Senior Manager, responsible for reviewing time-sensitive cases for suspicious activity and Suspicious Activity Report (SAR) filing. The Senior Manager will be the primary decision maker in case review meetings and the reviewer of SAR reports prior to SAR filing.  The Senior Manager will guide investigations processes and investigations outcomes across all locations.  The successful candidate will develop partnerships with internal and external business partners for Charles Schwab & Co., Charles Schwab Bank, Charles Schwab Futures, as well as others.

What you’re good at

The AML Investigations Senior Manager is an individual contributor role.  The Senior Manager is expected to review cases escalated for potential suspicious activity to determine if a SAR filing is warranted as well as SAR reports before filing.  Duties include:

• Take responsibility for the successful operations of the team by ensuring the team meets or exceeds service levels.

• Approve case investigation outcomes (i.e. case review decisions).  Case review decisions will take into account risk to the Firm, risk to the reputation of the Firm, and market risk.

• Review and approve regulatory reporting filings for consistency, accuracy, completeness, clarity and effectiveness of message (i.e.: SAR review).

• Provide subject matter expertise and support to the AML Investigations team on research techniques, investment and banking products, systems, workload management, and process improvement initiatives 

• Work collaboratively with internal partners, other financial institutions, law enforcement authorities, and regulatory bodies to investigate suspicious activity 

• Operate in a leadership capacity, providing support for workload management strategies, process improvement initiatives, and partnerships with internal and external business partners 

• Provide support to internal and external audit teams on the gathering and analyzing of clients, accounts, and transactions. May have a role in presenting to a group of individuals involved in the oversight 

• Support special projects as assigned including targeted reviews of high risk products and business areas as well as implementation of AML technology platforms and regulatory changes 

• Provide support on maintenance of AML Compliance policies and procedures in conjunction with AML Management 

• Provide relevant, actionable, and constructive case and SAR feedback to junior investigators 

• Demonstrate Schwab core values within the Financial Crimes Risk Management department 

• Review case corrections as a result of QA feedback for accuracy and risk to the firm.

• Independently lead and coordinate the implementation of a variety of projects focused on creating efficiencies and continuous improvement.

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

• At least five years AML Risk/Compliance or equivalent experience required with a demonstrated history of sound decision-making skills.

• Extensive knowledge of the financial services industry, AML/BSA policies, regulatory requirements, and trends within the brokerage and bank industries.

• Excellent written communication skills with the ability to convey complex information clearly and concisely.

• Proven presentation skills and experience working collaboratively and implementing ideas.

• Highly effective organizational and time management skills with the ability to work on multiple assignments while meeting strict regulatory deadlines.

• Subject matter expertise in areas that may include, but is not limited to: complex trading scenarios, manipulation of large sets of data, review and analysis of complex organizational structures.

• Proven ability to identify and mitigate complex risk issues through working with various levels of management and business partners.

• Experience implementing process improvements.

• Positive attitude, enthusiasm, professionalism and strong work ethic with high level of integrity and ethics.

Preferred Qualifications

• Active FINRA Series 7 license preferred. 

• Certified Anti-Money Laundering Specialist (CAMS) and/or Certified Financial Crimes Specialist (CFCS) Certification preferred. 

• Working knowledge of the digital assets ecosystem, including cryptocurrencies, stablecoins, and decentralized finance preferred.

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