Director, Strategy & Execution – Managed Accounts Offers for Advisor Services

Charles Schwab; Southlake (TX); Hybrid; USD 119,000 - 264,000; Full time

Job summary

A leading financial services firm seeks a Director for Strategy & Execution in Managed Accounts. This role involves enhancing products and services for Registered Investment Advisors (RIAs), leading strategic initiatives, and managing a high-performing team. The ideal candidate will have extensive experience in financial services, strong leadership skills, and a strategic mindset to drive results.

Benefits

401(k) with company match

Paid time for vacation

Tuition reimbursement

Health, dental, and vision insurance

Qualifications

• 10+ years in product/service improvement in financial services.
• Experience leading multi-discipline teams.
• Strong project management skills.

Responsibilities

• Own the vision and roadmap for managed accounts.
• Lead strategic implementation of critical projects.
• Drive measurable outcomes through cross-enterprise leadership.

Skills

Leadership

Project Management

Analytical Skills

Education

Bachelor's degree

Tools

PowerPoint

Excel

Job description

Director, Strategy & Execution – Managed Accounts Offers for Advisor Services

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Director, Strategy & Execution – Managed Accounts Offers for Advisor Services

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Your opportunity

Director, Strategy & Execution – Managed Accounts Offers for Advisor Services

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 goals 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.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Organization

Schwab’s Wealth & Advice Solutions (WAS) organization drives our strategy to create an integrated Wealth and Advice Solutions business and prioritize the investments we make in them. Within WAS, Investment Offers & Solutions (IOS) is responsible for managing our third-party and proprietary product marketplaces (e.g., Alternative Investments, Managed Accounts, Mutual Funds, ETFs). Our mission is to provide a positive experience for the Schwab clients that invest in these products, while growing a revenue stream which is vital to Schwab’s overall financial health.

Within IOS, Managed Accounts Solutions (MAS) is responsible for the end-to-end offer management for our third-party and proprietary managed investing, primarily Separately Managed Accounts (SMA). To do this, we design and implement against a strategic vision, maintaining a robust product offering, developing new tools and research for clients, deepening third-party and proprietary asset management relationships, and working effectively with partners to create a strong positive client experience. Serving individual investors, registered investment advisors (RIAs), retirement plans, and other institutional clients, our Managed Accounts offers are a centralized and shared resource for the firm.

Our Opportunity

As more and more Registered Investment Advisors (RIAs) and their clients are employing Managed Accounts in their portfolio, we see an opportunity to enhance the products, services and experience we provide to Advisors. The Director will be responsible for owning the end-to-end vision and roadmap, developing business strategy, designing and leading high-impact efforts intended to significantly enhance and expand our ability to meet the needs of RIAs with managed accounts. This includes evolving our platforms to be more modern and competitive, while continuing to effectively manage the existing offers. The Director will play a critical role in providing thought leadership for the broader Managed Accounts business, syncing plans with Advisor Services priorities and across related enterprises’ business strategies.

The Director, will report to the Managing Director of Managed Account Solutions, will define and lead impactful business strategies and corresponding initiatives, while being accountable for offer oversight for our third-party managed account platforms (such as Managed Account Marketplace and Model Market Center) and our proprietary SMA offers (e.g., Wasmer Schroeder, Thomas Partners) for RIAs. The Director will plan and manage tradeoff decisions and roadmap prioritization to innovate and enhance these offerings. Additionally, the Director owns the business oversight and risk management of the platforms, as well as the development of the key objectives and measurable results for the business. This role will be the business lead for the strategic implementation of critical projects (such as platform enhancements, business model evolution, and/or risk mitigation projects). This is a people leader role and the ability to drive change and achieve results by creating and leading a high-performing and engaged team is critical for success.

Cross-enterprise leadership and influence is crucial to the success of this role as well experience driving measurable outcomes. The Director will work closely with internal (e.g., operations, digital, legal and compliance partners), and external partners (e.g., asset managers, technology vendors) to ensure strategic alignment and progress on mutual goals and objectives. They will be self-motivated, results and details oriented, have a strong sense of urgency, and be able to independently lead major cross-functional initiatives and project implementation.

What you have

• 10+ years’ work experience in large, business critical product, service, or process improvement initiatives focused on transformation, automation, and technology delivery, preferably within the financial services industry or a consulting firm
• Led or managed highly performing, multi-discipline teams to meet changing business challenges, all while developing a deep talent bench
• Strong leadership, influencing and motivating skills; proven success in building credibility and strong relationships with peers and stakeholders (both at the Senior and Working Team level)
• Experience in managed accounts, with RIAs, asset managers, custodians or TAMPs
• Demonstrated strategic thinker with strong business judgment and analytical skills, proven frameworks for qualitative and quantitative assessment of problems and solutions, developing and leading insight into actionable recommendations
• High degree of comfort dealing with ambiguity, motivated to drive results while operating autonomously in a dynamic and fast-moving work environment
• Demonstrated strength partnering across a wide range of groups, including Operations, revenue enterprises, internal platform and technology partners, program and project partners, etc.
• Strong project management skills, including attention to detail and the ability to multi-task and work efficiently (independently and with teams), to meet tight deadlines
• Expert user of PowerPoint and Excel, with ability to effectively guide/train team to develop expert level skills in storytelling, slide writing, framing of analysis and options, etc.
• Bachelor’s degree required
• Base Compensation: $119,000 - $264,000. 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.
  
  

Preferred Experience

• 12+ years in financial services with extensive business experience in wealth management or asset management, managed accounts and related products.
• 12+ years of work experience, including 2-3 years of experience in business analysis or strategy, preferably with a consulting firm or strategy group in a large organization.
• Demonstrated experience in enabling change and building/leading major components of a critical cross-enterprise transformation initiative, including strategy, structure, program standards, methods, resources/skills, etc.
• MBA and/or equivalent post-MBA level experience.
  
  

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

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management and Manufacturing

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