Director, Investment Advisor Compliance Testing
Your Opportunity
Your opportunity
Director – Compliance Risk Testing (Investment Advisory/Investment Company)
Our Opportunity:
Compliance Risk Testing provides independent, risk‑based assurance across Schwab’s advisory, asset management, and related regulated businesses. This Director role leads enterprise‑level testing strategy and execution across complex regulatory domains, ensuring emerging risks are identified early, assessed consistently, and communicated clearly to senior leaders and regulators.
This leader sets the direction for risk‑based test planning, scope development, and execution, while building and sustaining a high‑performing, distributed team of compliance professionals. The role requires deep regulatory expertise, strong executive presence, and the credibility to operate effectively across Compliance, Internal Audit, Legal, and the business.
What you will do:
- Own the design, execution, and ongoing enhancement of a risk‑based compliance testing program covering investment advisory, investment company, and asset management activities.
- Develop and maintain enterprise‑level compliance risk assessments that drive test planning, scoping, prioritization, and testing frequency.
- Lead end‑to‑end testing activities—including planning, execution, quality assurance, issue identification, and escalation—across multiple concurrent testing portfolios.
- Deliver clear, concise, and board‑ready reporting on testing results, trends, and emerging risk themes to senior leadership, governance forums, and regulators.
- Partner closely with Compliance leadership, Internal Audit, Legal, Corporate Risk Management, and business stakeholders to align testing coverage with regulatory expectations and business change.
- Lead, develop, and motivate a geographically distributed team of compliance testing professionals, reinforcing strong governance, accountability, metrics, and consistent execution.
- Influence enterprise risk management practices as Schwab evolves through regulatory, business, and organizational change.
What you have
Required Qualifications (Must‑Have)
- Bachelor’s degree required.
- Significant experience (typically 15+ years) in compliance testing, regulatory examinations, internal audit, or risk assessment within investment advisory, asset management, or broker‑dealer environments.
- Demonstrated people‑leadership experience managing geographically distributed teams and balancing complex, multi‑workstream testing portfolios.
- Proven ability to design, implement, and mature risk‑based compliance testing programs, including test planning, scoping, execution, and quality assurance.
- Deep working knowledge of SEC, FINRA, and related regulatory requirements, with the ability to apply regulatory expectations to evolving business models.
- Strong executive‑level communication skills, including experience presenting risk themes, testing outcomes, and remediation expectations to senior leadership and regulators.
Preferred / Value‑Add Qualifications
- Experience building enterprise‑wide compliance risk assessments that directly inform testing strategy and coverage.
- Leadership experience across Internal Audit, second‑line compliance testing, and/or regulatory examination functions.
- Board‑facing reporting experience and demonstrated executive presence.
- Professional compliance certifications or licenses (e.g., CICCP, Investment Adviser Representative).
- Familiarity with Schwab’s operating model, culture, and regulatory landscape.
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
What you are good at
What you have
Required Qualifications (Must‑Have)
- Bachelor’s degree required.
- Significant experience (typically 15+ years) in compliance testing, regulatory examinations, internal audit, or risk assessment within investment advisory, asset management, or broker‑dealer environments.
- Demonstrated people‑leadership experience managing geographically distributed teams and balancing complex, multi‑workstream testing portfolios.
- Proven ability to design, implement, and mature risk‑based compliance testing programs, including test planning, scoping, execution, and quality assurance.
- Deep working knowledge of SEC, FINRA, and related regulatory requirements, with the ability to apply regulatory expectations to evolving business models.
- Strong executive‑level communication skills, including experience presenting risk themes, testing outcomes, and remediation expectations to senior leadership and regulators.
Preferred / Value‑Add Qualifications
- Experience building enterprise‑wide compliance risk assessments that directly inform testing strategy and coverage.
- Leadership experience across Internal Audit, second‑line compliance testing, and/or regulatory examination functions.
- Board‑facing reporting experience and demonstrated executive presence.
- Professional compliance certifications or licenses (e.g., CICCP, Investment Adviser Representative).
- Familiarity with Schwab’s operating model, culture, and regulatory landscape.
Why Schwab?
At Schwab, “Own Your Tomorrow” embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. We’re a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
Hear from employees: What’s it like to work at Schwab!
The benefits of working at Schwab : a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. (Please click here to see policy.)
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.