Director - Asset Management Compliance

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.

In Compliance, we help our business partners achieve their strategic priorities by promoting principles and practices that build client trust and safeguard the integrity of the firm.  The Compliance Department advises on applicable federal and state rules and regulations, supervisory systems, and policies and procedures; liaises with regulators; provides guidance on communications with the public; conducts surveillance and investigations to monitor for compliance with firm policies and procedures; processes and maintains firm and employee registrations; and, performs a variety of other compliance functions.

Reporting to Schwab’s Head of Fund and Advisory Program Compliance, you will lead a team of compliance professionals that collaboratively partner with a variety of internal stakeholders to support the continuing growth of Schwab’s asset management business.  You will focus on: (a) strategic initiatives related to Charles Schwab Investment Management, Inc. (CSIM), a registered investment adviser, and Schwab’s proprietary mutual funds, ETFs, and separately managed accounts; (b) providing thought leadership and compliance guidance to senior leaders responsible for CSIM and Schwab’s proprietary mutual funds, ETFs, and separately managed accounts (SMAs); and, (c) ensuring the compliance programs for CSIM and one of the largest fund companies in the nation is robust and comprehensive.

The work is dynamic, and success is achieved through: (i) strong collaboration and the ability to foster meaningful and deep relationships across the enterprise; (ii) prioritizing and timely addressing numerous efforts simultaneously; (iii) a growth mindset and adaptability; (iv) a desire to create innovative solutions that benefit our clients and the firm; and, (v) servant leadership centered on teamwork and developing talent.  If you exhibit these qualities, possess an aptitude for continual learning, and want to be an instrumental partner advancing Schwab’s asset management business, we encourage you to apply.

Primary Responsibilities:

• Lead a team of compliance professionals that provide high caliber compliance advice and guidance on a variety of topics associated with Schwab’s asset management business
• Influence and strategically guide compliance, regulatory, and business initiatives associated with CSIM and Schwab’s mutual funds and ETFs, recommending creative solutions that advance the business
• Oversee various compliance activities that include: (a) monitoring; (b) testing; (c) preparation of materials submitted to the fund board and internal committees; (d) creating and revising policies and procedures; (e) oversight of regulatory disclosures and filings (e.g. Form ADV); and, (f) the preparation of annual compliance reports pursuant to Rule 38a-1 of the Investment Company Act of 1940 and 206(4)-7 of the Investment Advisers Act of 1940
• Ensure comprehensive and robust compliance programs for Schwab’s proprietary mutual funds, ETFs, and separately managed accounts and CSIM, identifying opportunities for enhancement and increased efficiency
• Support and participate in internal audits, risk assessments, and, as warranted, relevant regulatory exams
• Identify, investigate, and assist in the timely resolution of compliance issues, including those that are the most complex and ambiguous
• Interpret and assess laws, rules, and regulations affecting the operation of the organization
• Contribute to additional projects and tasks based on business needs

What you have

• 10+ years of direct asset management compliance, risk, and/or audit experience with broad and deep knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940, and relevant federal and state securities laws, rules, and regulations
• Experience providing advice and guidance on proprietary mutual fund, ETF, and SMA offerings (equity, fixed income, and/or other strategies), with expertise in managing compliance risk effectively
• Previous involvement in strategic initiatives and significant projects, including those involving senior leaders across an enterprise
• Other relevant asset management experience may be considered

Skills

• Exceptional at analyzing and creatively solving ambiguous and complex matters with an understanding of how those solutions impact the broader ecosystem
• Excel at developing strong and meaningful networks and partnerships across the organization, establishing trust and confidence with a diverse group of stakeholders
• Adept at influencing outcomes, thinking strategically, and proactively taking initiative
• Comfortable working independently and as a member of a geographically dispersed team
• Highly organized and meticulous, collaborative, and excited to continually learn in a dynamic and growing organization
• Change leader with a positive attitude and forward-thinking approach
• Superb writing, verbal, and interpersonal skills that are effective with a variety of audiences
• Outstanding judgment, strong work ethic, thought leadership, and unwavering integrity

Preferred Qualifications:

• Bachelor’s degree and advanced degree or education
• At least 3 years of formal leadership experience strongly preferred
• Demonstrated ability to attract, retain, and develop a diverse team
• Additional experience in leading/performing a sophisticated compliance function within a wealth management and/or advisory enterprise encompassing product development and distribution efforts operating through multiple entities.