Director, Wealth Management Compliance

Charles Schwab; Southlake (TX); Hybrid; USD 150,000 - 190,000; Full time

Benefits offered by this job

401(k) with company match

Employee stock purchase plan

Paid vacation

Sabbatical after 5 years of service

Paid parental leave

Tuition reimbursement

Health, dental, and vision insurance

Job summary

Schwab is seeking an experienced compliance professional to support its wealth management advisory programs and regulatory framework. In this individual contributor role, you will guide compliance for Schwab’s advisory offers, including SWAI and wrap platforms, and partner with leaders across Wealth and Asset Management Compliance.

You will lead monitoring activities, address complex issues, and help evolve the compliance program while coordinating with senior stakeholders in a dynamic,

Qualifications

• 10+ years of wealth management compliance experience with knowledge of the Investment Advisers Act of 1940 and securities laws.
• Experience advising registered investment advisers and wrap program sponsors.
• Involvement in strategic initiatives with senior leaders across an enterprise.
• Relevant wealth management experience may be considered.

Responsibilities

• Provide high caliber compliance advice on topics related to Schwab’s wealth management business
• Influence compliance, regulatory, and business initiatives within advisory programs
• Execute compliance monitoring for regulatory adherence and internal policies
• Partner with adviser Chief Compliance Officers to ensure robust programs for SWAI and Schwab
• Identify and assist in resolving complex compliance issues
• Interpret laws, rules, and regulations affecting wealth management operations
• Review adviser disclosure documents and marketing collateral
• Support internal audits, risk assessments, and regulatory exams
• Contribute to additional projects as needed

Skills

Wealth management compliance

Regulatory advisory

Strategic initiatives

Cross-functional collaboration

Risk assessment

Regulatory exams

Stakeholder management

Written & verbal communication

Integrity & judgment

Education

Bachelor’s degree

IACCP designation or FINRA 65/66 licenses

Knowledge of ERISA and tax laws

Tools

Excel

Job description

Your opportunity

At 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. The Compliance Department advises on applicable federal and state rules and regulations, supervisory systems, and policies and procedures; liaises with regulators; provides guidance on communications with the public; conducts surveillance and investigations to monitor for compliance with firm policies and procedures; processes and maintains firm and employee registrations; and, performs a variety of other compliance functions.

In this individual contributor role, you will join a dynamic team that collaboratively partners with members of Wealth and Asset Management Compliance and a variety of internal stakeholders to support the growth and expansion of Schwab’s wealth management business. You will focus on: (a) strategic initiatives related to the investment advisory activities of Schwab, a dual-registered investment adviser and broker-dealer, and Schwab Wealth Advisory, Inc., (SWAI), a registered investment adviser; (b) providing thought leadership and compliance guidance to associates and leaders responsible for a number of Schwab’s advisory offers and products, including a third party adviser referral network, specialized wealth partnerships, wrap programs, model portfolio platform, and SWAI’s portfolio transition services; and (c) maintaining and continually evolving the investment adviser compliance programs for Schwab and SWAI.

The work is dynamic, and success is achieved through: (i) strong collaboration and the ability to foster meaningful and deep relationships across the enterprise; (ii) prioritizing and timely addressing numerous efforts simultaneously; (iii) a growth mindset and adaptability; (iv) a desire to create innovative solutions that benefit our clients and the firm; and, (v) serving as a resource and mentor for other members of the Wealth and Asset Management Compliance team. If you exhibit these qualities, possess an aptitude for continual learning, and want to be an instrumental partner focused on advancing Schwab’s wealth management business,

Primary Responsibilities:

• Utilize broad and deep knowledge to provide high caliber compliance advice and guidance on a variety of topics associated with Schwab’s wealth management business
• Influence and strategically guide compliance, regulatory, and business initiatives associated with Schwab’s advisory programs, recommending creative solutions that advance the business
• Execute compliance monitoring activities for adherence to regulatory requirements and internal policies
• Partner with the adviser Chief Compliance Officers to ensure comprehensive and robust compliance programs for SWAI and Schwab, identifying opportunities for enhancement and increased efficiency
• Identify, investigate, and assist in the resolution of potential compliance issues, including those that are the most complex and ambiguous
• Interpret and assess laws, rules, and regulations affecting the operation of the wealth management organization
• Review adviser disclosure documents (e.g. Form ADV) and marketing collateral
• As needed, support and participate in internal audits, risk assessments, and relevant regulatory exams
• Contribute to additional projects and tasks based on business and Compliance needs

What you have

Required Qualifications and Skills:

Relevant Education and Work Experience

• 10+ years of direct wealth management compliance, risk, and/or audit experience with broad and deep knowledge of the Investment Advisers Act of 1940, and relevant federal and state securities laws, rules, and regulations
• Experience providing advice and guidance to registered investment advisers and wrap fee program sponsors, with expertise in managing compliance risk effectively
• Previous involvement in strategic initiatives and significant projects, including those involving senior leaders across an enterprise
• Other relevant wealth management experience may be considered

Skills

• Exceptional at analyzing and creatively solving ambiguous and complex matters with an understanding of how those solutions impact the broader ecosystem
• Excel at developing strong and meaningful networks and partnerships across the organization, establishing trust and confidence with a diverse group of stakeholders
• Adept at influencing outcomes, thinking strategically, and proactively taking initiative
• Comfortable working independently and as a member of a geographically dispersed team
• Highly organized and meticulous, collaborative, and excited to continually learn in a dynamic and growing organization
• Change leader with a positive attitude and forward-thinking approach
• Superb writing, verbal, and interpersonal skills that are effective with a variety of audiences
• Outstanding judgment, strong work ethic, thought leadership, and unwavering integrity

Preferred Qualifications

• Bachelor’s degree, with advanced degree or education viewed favorably
• Investment Adviser Certified Compliance Professional (IACCP®) designation or FINRA Series 65 or 66 licenses a plus
• Knowledge of ERISA, relevant tax laws, FINRA rules, and Regulation Best Interest
• Experience participating in, and presenting to, internal governance committees
• Strong understanding of Schwab’s product landscape, including product creation and distribution channels

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. 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