Manager, Compliance - Reporting

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 Charles Schwab Corporation (CSC) Compliance Department coordinates the Company’s compliance efforts, performs an advisory, monitoring, testing and education role to support Management’s supervisory responsibility and strives to achieve compliance with financial services industry rules, regulations and policies for the Company. 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.

Corporate Compliance administers the Company’s Compliance Program, which includes multiple regulated entities, including its broker-dealer, investment advisors and bank and trust companies, among others. With this evolution, the Company’s Compliance Program is increasingly sophisticated and the responsibilities of Compliance Reporting (CORE) have evolved significantly. CORE is responsible for a wide range of Corporate Compliance needs. Alongside our production of quarterly reports, we coordinate with Managing Directors, Chief Compliance Officers and other department professionals through the preparation, delivery and documentation of risk committee meeting materials.

The Compliance Reporting, Communications and Policy (CRCP) team is seeking a Manager for CORE, reporting to the team’s Sr. Manager People Leader. The Manager will assist in delivering clear, concise, accurate reporting to Schwab’s Executive Risk Committees, Senior Leadership, Corporate and Bank Compliance Risk Committees and Compliance Leadership, which is a crucial component of effective risk management at Schwab. CORE’s mission is to support and ensure the accomplishment of this objective by aggregating and synthesizing reporting content, designing/conducting an efficient and effective reporting process and providing critical insights to Compliance, Management, Risk Management Committees and the Board of Directors. The CORE team also ensures the effective operation of the Company’s Compliance Risk Committees, including the Compliance, Bank, Personal Trust and Fiduciary and Conflicts of Interest Risk Committees. Additionally, the CORE team designs and ensures effective execution of the Compliance risk metrics program. As a Manager on the CORE team, you may take on a role(s) within any of the Corporate Compliance Program’s initiatives.

Your responsibilities may include, but are not limited to, the following activities:

• Assist in the preparation of Management Reporting materials to communicate significant compliance risks and issues to the Corporate Chief Compliance Officer, Corporate and Bank Compliance Risk Committees and Subcommittees, Global Risk Committee, Bank Management Risk Committee and Board Risk Committee within the second line team.

• Participate in the maintenance of standards appropriate for Management reporting and metrics.

• Collaborate closely within Compliance and other second line risk organizations to obtain materials, guide colleagues to ensure they provide important data/information in a timely manner and assist in the review of materials with effective challenge and feedback for key improvement areas.

• Build and maintain strong working relationships throughout Compliance, Legal Services and Corporate Risk Management. Provide internal support for ongoing initiatives within the enterprise compliance team.

• Display and use knowledge of financial services industry oversight bodies, guidelines, rules and regulations to accurately identify and position the impact of Compliance risk to the Company.

• Be an advocate and resource with respect to coverage of the CORE team by driving awareness and understanding with various partners to consistently manage the Company’s Compliance risk.

• Assist in developing performance indicators to measure key aspects of the Compliance Program using visualization, analysis and calibration to enhance current metrics and observe inventory of important, useful and, where possible, forward-looking metrics to manage Compliance risk.

What you have

Required Qualifications:

• Bachelor’s degree in either Finance or Business Management at minimum.

• A minimum of 3 years in a reporting (financial, risk, compliance) position within a diversified financial services environment, ideally with experience creating standards and processes across entire enterprises as well as identifying, calibrating and maintaining risk metrics and report preparation for various compliance organizations.

Preferred Qualifications:

• A graduate degree and financial certifications are preferred qualifications.

• Attention to detail, analytical skills and detailed time management coupled with effortless ability to adapt to last-minute requests or changes.

• Extraordinary focus on the client; ability to quickly and effectively form relationships, establish trust and respect.

• Ability to work in a team environment; demonstrated success with collaboration, application of feedback and openness to mentorship/growth.

• Ability to achieve success in a fast-moving, dynamic work environment.

• Critical thinking skills with the ability to connect company-wide compliance measurements for risk appetite and metrics.

• Command of the English language necessary for the review of committee reporting materials and an ability to develop presentations to effectively support the communication of compliance risks and control frameworks to senior leaders.

• A curious and innovative approach with an ability to independently find opportunities for improvement and complete enhancements.

• Understanding of varying compliance risks that go beyond business lines, legal entities and jurisdictions of operations is a plus.

• Interpersonal communication skills; ability to effectively persuade and influence across channels (written and verbal) with a purpose and connect with audiences of all levels.

• Ability to use SharePoint and Microsoft Office Suite including Word, PowerPoint and Excel. Working knowledge of Power Automate, Power Query and Power BI Tools is a plus.

• Coordinating and executing skills to facilitate compiling Management and Committee reports while ensuring alignment with deadlines.

• Ability to identify process improvement and workflow automation opportunities.