Senior Manager, Compliance – Asset Management

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.

In this role, you will partner with a variety of internal stakeholders to support the continuing growth of Schwab’s asset management business.  Your primary responsibilities will focus on: (a) providing compliance advice and guidance to Charles Schwab Investment Management, Inc. (CSIM), a registered investment adviser, and Schwab’s proprietary mutual funds, ETFs, and separately managed accounts; and (b) maintaining and continually evolving the compliance programs for CSIM and one of the largest fund companies in the nation. The work is dynamic and requires: (i) strong collaboration and the ability to foster meaningful and deep relationships across the organization; (ii) the ability to prioritize and timely address numerous efforts simultaneously; (iii) a growth mindset and adaptability; and (iv) a desire to create innovative solutions that benefit our clients and the firm.  If you exhibit these qualities, possess an aptitude for continual learning, and want to be an instrumental partner focused on advancing Schwab’s asset management business, we encourage you to apply.

Primary Responsibilities:

• Utilize deep knowledge on a variety of topics, provide compliance advice and guidance to areas that support Schwab’s asset management business
• Identify, investigate, and assist in the timely resolution of compliance issues, including those that are complex and ambiguous
• Execute compliance monitoring activities to ensure a comprehensive and robust compliance programs
• Support and participate in internal audits, compliance testing, risk assessments, and, as warranted, relevant regulatory exams
• Interpret and assess laws, rules, and regulations affecting the operation of the organization
• Influence and guide compliance, regulatory, and business initiatives associated with CSIM and Schwab’s mutual funds and ETFs, recommending creative solutions that advance the business
• May assist in: (a) conducting due diligence and ongoing oversight of third-party asset managers and other service providers; (b) preparing materials that are presented to the fund board and internal committees; (c) reviewing and updating policies and procedures; (d) 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; and/or (e) assisting with regulatory disclosures and filings (e.g. Form ADV)
• Contribute to additional projects and tasks based on business needs

What you have

Required Qualifications and Skills:

Relevant Education and Work Experience

• Bachelor's degree from an accredited college/university
• 5+ years of direct asset management compliance, risk, and/or audit experience with knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940, and relevant federal and state securities laws, rules, and regulations
• Other relevant asset management experience may be considered.

Skills

• Adept 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
• Influences outcomes, thinks strategically, and proactively takes initiative
• Comfortable working independently and as a member of a geographically dispersed team
• Highly organized and detail-oriented, 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
• Exceptional judgment, strong work ethic, thought leadership, and unwavering integrity

Preferred Qualifications:

• Advanced degree or education
• Previous involvement in strategic initiatives and significant projects, including those involving senior leaders