Director, Investment Advisor Compliance Testing

Your opportunity

Director – Compliance Risk Testing (Investment Advisory/Investment Company)

Compliance Risk Testing provides an objective assessment of the corporation and its affiliates’ activities for compliance with regulatory requirements, policies, and procedures through the development and execution of an enterprise-wide compliance risk focused test plan.  The Compliance Risk Testing Director is responsible for leading and motivating a team of compliance professionals primarily responsible for testing in the investment advisory/investment company/asset management space. The Compliance Risk Testing Director is responsible for driving enhanced risk-based approaches to the development and execution of the test plan.  The Director’s team is responsible for planning, scoping, and conducting tests of business activities with a view to detecting non-compliant activity and control breakdowns at the earliest possible stage. The Director will be a member of the Compliance Risk Testing leadership team, assisting with the development of the strategic vision as well as providing support and fostering team engagement. 

What you’re good at

• Ensuring Compliance Risk Tests are completed accurately, completely, and in a timely manner and in accordance with Department standards, procedures, and methodology.
• Employing broad knowledge, understanding and awareness of compliance and regulations to inform, develop and evolve programs to meet Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Federal Reserve Bank (FRB), and other regulatory requirements and expectations.
• Cultivating relationships with Compliance Leadership and key stakeholders across Corporate Risk Management, Business, Legal and Internal Audit to partner, communicate, and report compliance risk testing methodology and results.
• Exerting influence across the department and enterprise to achieve desired outcomes.
• Maintaining a strong working knowledge of the company’s investment advisory/investment company/asset management, broker-dealer, and futures and foreign exchange businesses.
• Ensuring effective risk management as Schwab evolves through business and organizational change.
• Communicating team priorities and objectives, supporting team in execution of compliance risk testing, and escalating items to the Head of Compliance Risk Testing and leadership team, where appropriate.
• Working on various compliance related projects within the Department as needed.

What you have

• BS/BA degree.
• Exceptional leadership skills with a history of successfully developing, mentoring and motivating compliance teams to achieve strategic objectives.
• Demonstrated, in-depth expertise in the investment advisory and asset management industry with a proven ability to interpret and apply complex regulatory requirements (SEC, FINRA, FRB, etc.) to evolving business models and compliance programs.
• Ability to leverage strategic and analytical capabilities to make sound, timely and risk-based decisions considering supervisory and regulatory expectations and business needs.
• Experience working collaboratively with various groups with potentially disparate objectives.
• Ability to work on multiple projects, prioritize activities, and meet deadlines.
• Outstanding written and verbal communication demonstrating ability to effectively communicate/clearly articulate risks and testing results to leadership and key stakeholders.
• Strong proficiency in Microsoft Office Programs (Word, PowerPoint, and Excel) and SharePoint as well as MyGRC.
• Professional licensing and/or compliance certifications preferred (e.g., CICCP, Investment Adviser Representative).