Your opportunity

We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goal with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm, and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

The Managing Director, Schwab Compliance, is one of several key leadership roles within Schwab Compliance and serves as a key partner to specific businesses, peers in Compliance, other second line functions, Legal and Internal Audit. The Managing Director, Schwab Compliance, leads an enterprise compliance risk management organization within Schwab combining both support for specific businesses and for enterprise functions, operates through multiple regulated entities, and requires facility with multiple compliance subject matter disciplines, including broker/dealer, investment adviser, banking, and others. As with all Schwab Compliance leadership roles, the Managing Director, Schwab Compliance, requires the successful leader to model and exhibit enterprise-wide thinking and exceptional collaboration to support Schwab's business. The Managing Director, Schwab Compliance serves as part of the Schwab Compliance Leadership Team and helps shape the strategic direction of the companywide compliance risk management program.

Schwab seeks a Managing Director, Schwab Compliance, to support the firm’s Wealth and Advice Solutions business unit and to serve as the lead enterprise compliance risk management for New Products and Services. The role reports to the Chief Compliance Officer (CCO) of Charles Schwab Corporation and in all capacities supports all Schwab businesses. The Wealth & Advice Solutions business unit (WAS) was created to transform lives through accessible wealth management for every stage of the client’s journey and brings together teams from across Schwab under one enterprise to deepen client relationships and serve the wealth management needs of retail, registered investment advisers, and employer clients through Investment Solutions; Managed Investing Portfolio Solutions and Wealth Strategies and Expertise.

Key Outcomes:

• Personal ownership of their assigned compliance risk management programs and shared accountability for the successful execution of the Schwab compliance risk management program.

• Vivid day-to-day evidence of enterprise-wide thinking, bringing the full Schwab Compliance perspective to every aspect of the job, including exceptional collaboration and boundaryless cooperation with peers on the Schwab Compliance Leadership Team demonstrating the lived values of #OneSchwab and #OneSchwabCompliance.

• Establish a set of leading practices for compliance for providing enterprise-wide input into Schwab’s New Products process.

• Demonstrated success attracting, empowering and developing a diverse group of employees with the skillsets and expertise to identify, measure and manage Schwab’s compliance risk effectively.

• Serve as a key partner to second line functions, Legal and Internal Audit as well as other Compliance colleagues.

• Model and exhibit enterprise-wide thinking and exceptional collaboration to support Schwab’s evolving business.

• Serve as a member of the relevant committees and governance bodies, as required.

• Actively attract, retain, and develop a diverse team of employees with expertise in identifying, measuring, and managing compliance risk effectively.

• Partner and collaborate with cross-functional teams as well as senior leadership across the Firm.

• Provide leadership and oversight for New Products and Services.

Enterprise-wide thinking considers the entire organization, rather than an individual business or entity. It involves the holistic view of regulatory impact and business strategies. Collaboration, open communication, and alignment across teams are drivers for success. Enterprise-wide thinking means taking a consistent and intentional big picture view.

Each Managing Director, Schwab Compliance, engages with Senior and Executive Leaders at all levels across Schwab, and is responsible for leading Schwab Compliance’s engagement with specific key stakeholders based on their assigned business support responsibilities. Certain roles may have specific subject matter expertise or licensing requirements.

What you have

Ideal Profile & Key Experiences:

• Minimum 15 years of related work experience in compliance, and risk management and anti-money laundering; and a minimum of 10 years in a leadership capacity in environments of similar scale and complexity.

• Experience in leading a sophisticated compliance function within a wealth management and/or advisory enterprise encompassing product development and distribution efforts operating through multiple entities.

• Demonstrated success in transforming organizations in a highly collaborative environment to influence compliance and controls while building strong internal and external partnerships and providing coaching and guidance to varied stakeholders.

• Deep competencies in financial services; securities laws and regulations; anti-money laundering and privacy.

• Thrives on initiating, building, and cultivating strong authentic relationships inside and outside the group; highly collaborative; navigates and activates alignment across organizational silos.

• Proven ability to find a balance in developing programs effectively meeting potentially differing regulatory requirements and expectations while being workable for business partners.

• Courageous leader who develops followership and builds high performing, diverse, cross-functional work teams of both direct and not direct team members rallied around the strategy.

• Relationship-oriented senior executive leader who manages complex, multistakeholder issues with resilience, embraces others’ perspectives and understands the limits to their own points of view.

• An exceptional communicator able to effectively persuade and influence across channels with a purpose. Competence in interacting with and influencing senior leaders across business lines through innovative and creative means.

• Strong emotional intelligence and senior level executive presence.

• Purpose driven leader who displays confidence and courage in business and talent decisions, actions, and communications with a demonstrated ability to take decisive action when needed including championing ideas, position, or dissent.

• Strong problem solving and creative skills and the ability to exercise sound judgment, making decisions based on accurate and timely analyses.

• Possess strong business drivers and perspectives combined with broad management and commercial skills, and an ability to bring a strategic focus to the function and be capable of adding value to the business.

• Anticipates the possible demands and outcomes of a particular task or situation – plans and prioritizes appropriately.

• Client focused; able to build relationships and establish trust, respect, competence, and confidence effectively and quickly.

• An undergraduate degree is required, preferably in Business/Finance/Economics or related disciplines, post-secondary degree, e.g., JD, MBA or equivalent, viewed favorably.

• Series 7 and 24 or equivalent

• Base Compensation: $225,000 - $375,000. 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.

What’s in it for you

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

• 401(k) with company match and Employee stock purchase plan

• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions

• Paid parental leave and family building benefits

• Tuition reimbursement

• Health, dental, and vision insurance

What’s in it for you:

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

401(k) with company match and Employee stock purchase plan

Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions

Paid parental leave and family building benefits

Tuition reimbursement

Health, dental, and vision insurance

Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.