Director - Legal Counsel

Your opportunity

Charles Schwab is looking for a Director, Legal Counsel to support multiple retail-focused broker-dealer and investment adviser business units and work daily with managers, directors, and managing director-level business clients as a trusted counselor. This critical role will identify, analyze, document and give advice on legal issues and risks relevant to Schwab’s Investor Services and Wealth and Advice Services businesses.

What you'll do:

The Director will act as part of a small team that supports Schwab’s the broker-dealer and investment advisory products, services, and sales channels for Schwab’s retail business. You will be the primary day-to-day legal advisor for working groups devoted to multiple projects and initiatives that will help define the future of Schwab. You will help to facilitate business strategic business goals by developing a deep knowledge of business priorities and practices and an ability to quickly assimilate such knowledge into your legal advice.

You will work directly with clients and second line risk partners in Compliance in both ad hoc and project-based settings, providing legal advice in writing and engaging with outside counsel where necessary. You will also provide practical, plain-English business counsel that is informed by knowledge of both business goals and legal and regulatory requirements and risks.

What you have

• At least 5 years’ experience practicing law at a major law firm representing financial services companies, in-house with a large broker-dealer and/or investment adviser, or as a staff attorney with the Securities and Exchange Commission, FINRA, or a state securities regulator.
• Deep understanding of Investment Advisers Act, the Securities Exchange Act and FINRA Rules and state laws and regulations relevant to broker-dealers and investment advisers.
• Working knowledge of the impact of ERISA on the provision of investment advice in brokerage and investment advisory retirement accounts.
• Excellent communications skills and ability to brief senior business executives. Ability to communicate effectively with non-lawyer business partners.
• Ability to build trust and rapport with business clients and act as a highly engaged and responsive partner.

• Base Compensation: $136,900-304,200.  Your compensation may be different.  Talk with your Talent Advisor to learn more.  In addition to the salary range, this role is also eligible for bonus or other incentive opportunities.