Senior Manager, Compliance Trade Surveillance

Your opportunity

At Schwab, you are 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. We are currently offering the opportunity for dynamic and engaging compliance professional to join our Compliance Trade Surveillance Team as a Senior Manager, Digital Asset Trade Surveillance.

Compliance Trade Surveillance Team’s mission is to identify and mitigate trading activities that violate rules that prohibit manipulative and deceptive devices. The team utilizes sophisticated systems and human intelligence to achieve efficient and effective surveillance that brings positive influence in the prevention of violative and concerning trading and account behavior. The Senior Manager will report to the Director, Head of Compliance Data Analytics, Monitoring and Trade Surveillance and lead the team’s execution of the mission while collaborating on setting strategic direction, seeking innovation for enhanced efficiency, and challenging the existing processes to optimize accuracy, integrity, and timeliness for the overall surveillance outcome. The Senior Manager will build and maintain partnership with internal constituents to foster the “One Team” principle, while highlighting the team’s value and capitalizing the team’s subject matter expertise to drive sound dispositions that meet regulatory and organizational expectations.

Position Summary:

The Senior Manager will lead digital asset trade surveillance while supporting Trade Surveillance’s overall mission and maintain and enhance efficiency, strategy, coverage, and integrity of the overall surveillance outcome while seeking innovation and challenging the status quo. The successful candidate will, among others:

• Perform trade surveillance monitoring for possible violation of applicable regulations and firm policies, resolving or escalating potential issues in accordance with Corporate Compliance Standards.

• Perform trade surveillance in digital asset trading as well as other asset classes to support the overall team success.

• Build constructive relationships with business partners while adhering to the highest ethical standards.

• Demonstrate strong analytical and strategic skills to appropriately assess, challenge, and influence business partners.

• Stay current and mentor teammates to keep up with the industry trends and regulatory landscape changes that impact surveillance coverage and scope.

• Proactively identify patterns or trends that may emerge in surveillance reviews.

• Identify and implement innovation, modernization, and data-driven approach to identify efficiency creation opportunities and implement enhancements to the day-to-day processes.

• Support Director with mission and shaping of the team’s overall achievements.

• Escalate identified issues in a timely fashion and evaluate impact of the issues and remedial actions to internal and external constituents.

• Ensure comprehensive reviews are conducted and issues are addressed in a timely fashion.

• Ensure procedure(s), documentation, and evidencing are sufficiently updated and stored in accordance with the applicable policies and procedures.

What you have

Required Qualifications:

• Minimum of 8 years of experience within financial services with a general understanding of broker-dealer, financial holding company, bank, and investment advisory businesses

• 5 years of experience in a market surveillance, trade surveillance, or trading-related role, including surveillance of trading in cryptocurrencies and digital assets

• Extensive knowledge of cryptocurrency and digital asset trading, including trading structure, price movements, and the broader ecosystem structure, including participants, trading venues, and regulatory frameworks.

• Extensive knowledge of various asset classes, particularly of trading in equities, equity options, fixed income, futures and futures derivatives and ability to perform trade surveillance on such asset classes

• Understanding of SEC, FINRA, CFTC, NFA, Anti-Money Laundering rules and regulations

• Understanding and experience with Microsoft suite of applications (Word, Excel, Power Point)

• Proficiency in data-driven reports and usage, including Tableau and Power Apps

Preferred Qualifications:

• Bachelor’s degree or equivalent experience

• Familiarity with the execution of Second Line of Defense compliance responsibilities and compliance risk management principles

• Ability to independently identify opportunities for improvement and enhance overall Compliance programs

• Sound judgment to influence a strong risk management culture across business practices

• Strong analytical and strategic thinking skills

• Excellent attention to detail and the ability to work independently

• Mastery of appropriate interpersonal styles and ability to communicate effectively, both orally and in writing, with all levels within the enterprise

• Strong time management, organization, and prioritization skills; ability to complete multiple concurrent tasks within close deadlines with a high degree of accuracy and detail

• Professional licensing and/or compliance certifications (e.g. FINRA Series 7, 24, Investment Adviser Representative, CRCP and CAMS)

• The ability to develop, maintain, and strengthen partnerships and work collaboratively with others inside or outside of the organization

• Flexibility and openness to different and new ways and processes