Schwab Compliance is seeking a Managing Director to lead the team that provides regulatory support for the Advisor Services business, which offers custodial and trading services to third-party Registered Investment Advisors (RIAs). The successful candidate will oversee the team that provides regulatory guidance to business partners on items such as rule or regulatory advice, support for new or enhanced products and services, and policy exceptions. This role will lead a team of four to five individuals and report to the Vice President, Distribution Compliance.
What you're good at
The successful candidate will have a business sales and operational mentality with a strong strategic orientation. This individual must have the ability to develop strong working relationships within the business divisions, across Corporate Risk Management, and Compliance. Qualified candidates will have shown leadership skills and a track record of managing in a highly regulated environment.
Day to day responsibilities will include:
Serving as the primary Compliance subject matter expert for the Advisor Services business.
Advising the business on applicable regulatory requirements/expectations, including policies, procedures, and supervisory programs. This role will also be responsible for working with the business on significant initiatives that will expand and/or change the business.
Providing independent guidance on regulatory expectation standard methodologies, and challenges as warranted.
Actively participating in various committees, and effectively influencing and challenging business leaders when appropriate.
Building and maintaining strong working relationships with senior business leadership.
Collaborating with peers in Compliance, Legal, and other CRM partners to ensure alignment.
Attracting, retaining and developing a strong team of Compliance professionals.
Setting high team expectations and driving accountability for performance.
What you have
10-15 years financial regulatory industry experience, preferably at a broker-dealer.
7-10 years with growing leadership responsibility in a compliance, control, or risk management role.
Past regulatory experience supporting custodial platforms for independent investment advisors a plus.
Extensive knowledge of, and practical experience with SEC and FINRA Rules and expectations, including interpretive guidance.
Excellent oral and written communication skills with the ability to influence, partner and collaborate with various groups, including senior management.
Shown ability to attract, retain and develop a strong team of Compliance professionals.
Demonstrated experience working independently and prioritizing multiple projects based on regulatory risk and business needs.
FINRA Series 7, 63, and either 9/10 or 24 licenses highly preferred.
Bachelor's degree or equivalent industry business experience.
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