Director, Legal Counsel- Alternative Investment Platforms

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 Third-Party Product Platforms (TPP) legal team is responsible for providing legal support to several of Charles Schwab & Co., Inc.’s product platforms through which products are available for purchase by our clients, including mutual funds, exchange-traded products, insurance and annuities, 529 Education Savings Plans and alternative investments. 

As a Director, Legal Counsel- Alternative Investment Platforms, you will primarily will be responsible for legal support of the platforms on which alternative investment products are made available to the customers of Charles Schwab & Co., although the position will take on additional responsibilities related to other product platforms from time to time. 

Support will include strategic initiatives, regulatory compliance, and negotiating agreements with product issuers or advisers.  The ideal candidate will have experience in both support of broker-dealer product platforms and the organization and distribution of registered funds (liquid alternatives) and private funds.  Candidate should have familiarity with the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940, as well as relevant FINRA rules.

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(s). This role is expected to  work in the office 4 days a week.

What you will do:

• Provide legal advice related to strategic and growth initiatives related to the alternative investment platforms.
• Draft and negotiate intermediary agreements with third party alternative investment providers and issuers. 
• Provide legal guidance on related marketing or disclosures, and policies and procedures. 
• Monitor regulatory developments applicable to alternative investments and advise senior leadership and the business on the impact. 
• Build and maintain strong partnerships with the relevant Platform/Offer teams and compliance and legal colleagues to ensure clear alignment and priorities within the appropriate legal and regulatory framework. 

What you have

To ensure that we fulfill our promise of “challenging the status quo,” this role has specific qualifications that successful candidates should have:

Required Qualifications:

• Juris Doctor (JD) from an accredited law school and active membership in a state bar.
• 7-10 years legal experience in a large broker-dealer or asset management firm.  Law firm experience in a practice related to financial services or practical business experience may be substituted for in-house experience.
• Strong drafting skills and a keen attention to detail.
• Ability to identify and analyze contractual issues and provide solutions.
• Developed negotiation skills and a willingness to engage with counterparties.
• Excellent oral and written communication skills. Ability to present to senior leaders in Legal and key partners.
• Ability to work on multiple projects, prioritize activities, and meet deadlines with strong organizational skills. 
• Must be a self-motivated professional with excellent people skills and able to work independently.
• Applicants must be currently authorized to work in the United States on afull-time basis without employer sponsorship.

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