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Senior Manager, Compliance Risk Assessment

Your opportunityAt Schwab, you’re 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. Compliance Risk Assessments helps Compliance to prioritize and focus Compliance resources towards remediation of identified weaknesses, conducts testing and monitoring, and provides regulatory training. The broader Compliance organization will rely on the Compliance Risk Assessment Senior Manager to execute and manage Compliance Risk Assessments to determine areas that present the most significant compliance risk to Schwab’s investment advisers including Schwab Wealth Advisory, Inc., CS&Co Investment Advisory, Charles Schwab Investment Management, Inc. (CSIM), and Schwab Funds/Schwab ETFs consistent with the Investment Advisers Act of 1940 and/or the Investment Company Act of 1940 while maintaining an enterprise-wide view of compliance risks.As an individual contributor, this Senior Manager will play a key role in monitoring, assessing, and reporting on changes regarding the levels of compliance risk as emphasized by the Securities and Exchange Commission (SEC). A significant part of this role will be preparing risk assessment reports and present findings to key stakeholders, so maintaining a strong working knowledge of regulations applicable to investment advisers (IAs) will be critical. The role requires strong partnership with IA Subject Matter Experts as you lead meetings to discuss key risks and identify upcoming risks. There will be significant visibility in this role as the Senior Manager develops standard and special purpose reports designed to provide the IA Committees, the Compliance Department, and applicable IA Business Units with information about the results of the Compliance Risk Assessments.What you haveRequired• BS/BA degree or equivalent work experience in regulatory compliance matters impacting investment advisers.• 5+ years of compliance experience.Preferred• Strong knowledge and understanding regulatory expectations, interpreting regulatory guidance, and assessing risk.• Excellent presentation and communication skills, including the strong ability to clearly articulate risks to key stakeholders, independently prioritize multiple priorities and changes in scope.• Ability to think critically about Compliance Risk Assessments inputs and results.• Ability to work collaboratively with department teammates and subject matter experts to maintain accurate information within the risk assessments.• Ability to work on multiple projects, prioritize activities, and meet deadlines.• Courage to effectively challenge SMEs, teammates, and senior leadership to help improve the Compliance Risk Assessment data and process.• Ability to read and analyze large quantities of reports/ data and pinpoint and summarize meaningful trends and material components in a concise summary.• Strong attention to detail, i.e. complex excel spreadsheets with multiple worksheets and formulas.• Ability to work independently.• 5+ or more years of experience with investment advisory laws, rules and regulations.• A good understanding of fiduciary and conflict of interest expectations.• Professional certification(s): including Certified Regulatory Compliance Manager (CRCM), Certified Securities Compliance Professional (CSCP), Certified Internal Auditor (CIA), or Certified Risk Professional (CRP).• SharePoint experience.What’s in it for youAt 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
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What You Should Know About Senior Manager, Compliance Risk Assessment, Charles Schwab

As a Senior Manager in Compliance Risk Assessment at Schwab in Lone Tree, CO, you’ll be stepping into a pivotal role where your expertise will directly influence the compliance landscape of our investment advisory services. Imagine being the backbone of our Compliance team, focusing on the most significant compliance risks we face. Your mission? To help us maintain the integrity and trust that clients expect from us while ensuring our operations align with key regulations, including the Investment Advisers Act of 1940. Here, you'll assess, monitor, and report on compliance risks, utilizing your strong regulatory knowledge and analytical skills. A big part of the job involves crafting comprehensive risk assessment reports that you’ll present to stakeholders - so get ready to flex those communication muscles! Working collaboratively with investment advisory Subject Matter Experts will be essential as you lead discussions on critical risks and future challenges. Your keen attention to detail and ability to manage multiple priorities are vital in ensuring that the most relevant compliance issues are addressed. At Schwab, we foster a culture that thrives on innovation and personal growth, providing you with resources and support for ongoing development in a dynamic financial environment. If you're ready to make a meaningful impact while advancing your career, join us as we reshape the finance industry together!

Frequently Asked Questions (FAQs) for Senior Manager, Compliance Risk Assessment Role at Charles Schwab
What are the responsibilities of a Senior Manager, Compliance Risk Assessment at Schwab?

The Senior Manager, Compliance Risk Assessment at Schwab is responsible for executing and managing compliance risk assessments, focusing on identifying and addressing the most significant risks faced by Schwab's investment advisers. This includes preparing detailed reports and presentations for key stakeholders, collaborating with Subject Matter Experts, and proactively monitoring regulatory developments to ensure compliance with the Investment Advisers Act of 1940 and other applicable regulations.

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What qualifications do I need to apply for the Senior Manager, Compliance Risk Assessment position at Schwab?

To apply for the Senior Manager, Compliance Risk Assessment role at Schwab, a BS/BA degree or equivalent experience in regulatory compliance is required. Candidates should have 5+ years of compliance experience, preferably with a solid understanding of investment advisory laws and regulations. Additionally, strong presentation, communication, and analytical skills are key to thrive in this position.

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What skills are essential for success as a Senior Manager, Compliance Risk Assessment at Schwab?

Essential skills for success as a Senior Manager, Compliance Risk Assessment at Schwab include excellent communication and presentation abilities, strong analytical skills to interpret compliance data, and the capacity to work collaboratively with team members and Subject Matter Experts. The ability to manage multiple projects and adapt to changing priorities is also crucial, alongside a keen understanding of fiduciary duty and conflict of interest.

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What does the career development path look like for a Senior Manager, Compliance Risk Assessment at Schwab?

At Schwab, a Senior Manager in Compliance Risk Assessment has numerous opportunities for career development, given the company's commitment to personal and professional growth. You can expect to engage in continuous learning, mentorship programs, and potential advancement into senior leadership roles, all while being part of a supportive team that encourages innovative thinking and problem-solving.

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How does Schwab support work-life balance for a Senior Manager, Compliance Risk Assessment?

Schwab promotes work-life balance through its Hybrid Work and Flexibility approach, allowing Senior Managers, Compliance Risk Assessment to work in a way that accommodates their personal and professional responsibilities. The company also offers various benefits, including flexible schedules, paid time off for volunteering, and sabbaticals, to ensure employees maintain a healthy equilibrium between their work and personal lives.

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Common Interview Questions for Senior Manager, Compliance Risk Assessment
Can you describe your experience with compliance risk assessments?

In answering this question, focus on specific examples from your past roles where you conducted compliance risk assessments. Highlight the methodologies you utilized, the tools you employed, and how your assessments led to improved processes or compliance within the organization.

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How do you stay updated on regulatory changes that impact compliance?

To address this question, discuss your strategies for keeping abreast of regulatory developments, such as attending industry conferences, participating in webinars, subscribing to relevant publications, and engaging with professional networks or compliance organizations.

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Give an example of a complex compliance issue you had to analyze and resolve.

When answering this, provide a detailed scenario, explaining the compliance issue, the steps you took to analyze it, the stakeholders involved, and the final resolution. Focus on your critical thinking skills and collaborative approach.

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How do you prioritize compliance risks in your assessments?

Answer by outlining your methodology for prioritizing compliance risks. Discuss factors you consider, such as potential impact, likelihood of occurrence, and regulatory requirements. Include examples of how you've successfully prioritized risks in previous roles.

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How do you communicate compliance risks to stakeholders?

In your response, emphasize your communication skills. Describe how you tailor your communication style to suit different audiences and the importance of clear and concise reporting, especially when presenting complex information to stakeholders.

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What role does data analysis play in your compliance risk assessments?

Explain how data analysis is integral to your assessment process. Share tools or techniques you use for data collection and analysis, and how these contribute to identifying trends and making informed decisions about compliance risks.

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Can you share an experience where you had to influence a decision regarding compliance practices?

Detail a specific instance where you successfully influenced a decision. Emphasize your approach, the strategies you used to present your case, and how you built rapport with decision-makers to advocate for necessary changes.

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What strategies do you use to foster teamwork in compliance projects?

Discuss how you encourage collaboration and communication among team members, perhaps through regular meetings, shared goals, and creating a supportive environment that values diverse perspectives in compliance projects.

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How do you handle disagreements with team members regarding compliance issues?

In your answer, highlight your conflict resolution skills. Share an example where you navigated a disagreement, focusing on active listening, understanding opposing views, and finding a solution that benefited the overall compliance effort.

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What certifications do you hold that enhance your qualifications for this role?

Mention any relevant professional certifications you possess, such as CRCM, CSCP, CIA, or CRP. Explain how these certifications have equipped you with specialized knowledge and competencies applicable to the Senior Manager, Compliance Risk Assessment role.

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Our purpose is to champion every client’s goals with passion and integrity, empowering them to take ownership of their financial future at every income level and life stage.

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Full-time, hybrid
DATE POSTED
November 29, 2024

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