Sr. Manager, Financial Crimes Risk Management (PL)

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 Enhanced Due Diligence Team (EDD) serves an integral role within the Financial Crimes Risk
Management (FCRM) organization at Schwab. The EDD team is responsible for promoting FCRM’s
vision to be the most trusted leader in financial crimes risk management. We achieve this by
detecting, reporting, and protecting against financial crimes threats to effectively mitigate risk. More
specifically, the EDD team is responsible for upholding FinCEN’s requirements for each covered
financial institution to implement and maintain appropriate risk-based procedures for conducting
ongoing customer due diligence, to include understanding the nature and purpose of the customer
relationships; and conducting ongoing monitoring to identify and report suspicious transactions; and,
on a risk-based basis, to maintain and update customer information.

We are currently seeking a Senior Team Manager (people leader) who can motivate, inspire, and
develop a diverse team responsible for meeting Schwab’s regulatory requirements as a covered
financial institution. The ideal candidate will drive production and quality standards and provide
appropriate coaching to a team that produces Enhanced Due Diligence and Periodic Review memos for
each client scored as high risk. The successful candidate will act as an Anti-Money Laundering (AML)
subject matter expert and foster an environment that creates process efficiencies by leading project
initiatives. The preferred candidate will also develop partnerships across FCRM, and with internal
business partners such as the Complex Business Solutions Team, the Organization Account Resource
and Risk Group, Retail Supervision and Risk Management, and others.

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

This is a fast paced, detail-oriented, high volume, and deadline-driven environment requiring the
ability to build and foster relationships across FCRM and the firm. In addition to a background in
AML/Financial Crimes/Compliance/Brokerage/Banking Operations, the ideal candidate should possess
the following:

• 5+ years of experience in the financial services industry with a solid understanding of banking
and/or broker-dealer businesses, securities and/or banking industry regulations, and
practices;
• Extensive knowledge of the laws and regulations applicable to money laundering, to include
Bank Secrecy Act (BSA), the USA PATRIOT Act, Suspicious Activity Report (SAR) filing
requirements, the Anti-Money Laundering Act of 2020, and the CDD Final Rule;
• Comprehensive understanding of AML high risk entity types and required documentation;
• Proven ability to identify and solve complex issues in a team environment working with
various levels of management and business partners;
• Strong organizational skills with ability to plan, delegate, and oversee multiple assignments
and complete them within established deadlines;
• Excellent communication, problem solving, and presentation skills to influence and build
consensus among team members and leadership;
• Positive attitude, passion for the AML space, exceptional professionalism, and a strong work
ethic;
• Excellent PC skills including experience with systems such as Excel, PowerPoint, Word,
SharePoint, and case management systems; and
• Bachelor’s degree or equivalent business experience.

Preferred Qualifications

• CAMS, CFCS, Series 7, 9/10, 63, and 24.

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