Senior Risk Manager
Your Opportunity
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.
Retail Supervision and Risk Management is an independent group responsible for providing delegated review of control and risk mitigation functions to Schwab’s Investor Services. The vision of Retail Supervision & Risk Management is to be a trusted independent partner of all Schwab stakeholders that promotes business growth through effective risk management. We strive to improve business outcomes by providing and applying practical, consistent, effective and unbiased risk guidance that is grounded in a deep understanding of business goals as well as the regulatory and industry environment.
As an individual contributor, the Senior Manager, Supervisory Risk Management will concentrate on regulatory risk management and control issues applicable for various parts of the retail organization – specifically the Investor Services/ Retail group. This role will focus on risk identification, control testing support and issue management across multiple governance groups (1st Line of Defense Testing, Operational, Third Party, Audit, Compliance). In addition, the role will be expected to actively build and support the processes and standards required to bring a focused structure to the operation. This role will also require risk project work related to functional areas such as Disclosure Management, New Products and Policy reviews.
This is a complex role that requires a candidate with considerable industry, supervisory and risk/control knowledge. The Senior Manager will have the opportunity to collaborate with all levels within the Schwab organization to analyze risk, control and related issues.
What you have
Required Qualifications:
- 6-8 years relevant financial services experience, including broker dealer and retail experience
- 5+ years supervisory, risk, audit, control, or compliance experience in similar financial service industry
Preferred Qualifications:
- Series 7 and other licenses (willingness to obtain)
- Strong communication, influencing, and presentation skills
- Highly effective organizational and time management skills
- Experience implementing process improvements
- The ability to work on multiple projects and prioritize based on regulatory risk and business needs
- Experienced making timely decisions based on available information
- Track record of providing sound guidance to business partners and peers
- Ability to respond to changes in the business and/or regulatory environment by actively recommending changes to existing policies and procedures
- Ability to respond to findings and remediation plans as appropriate and track through to completion
- Strong attention to detail and the ability to identify core and root cause of gaps and weaknesses
- Experience implementing regulatory change initiatives and projects across a business in a manner that balances the control requirements with the field related 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
What you are good at
What you have
Required Qualifications:
- 6-8 years relevant financial services experience, including broker dealer and retail experience
- 5+ years supervisory, risk, audit, control, or compliance experience in similar financial service industry
Preferred Qualifications:
- Series 7 and other licenses (willingness to obtain)
- Strong communication, influencing, and presentation skills
- Highly effective organizational and time management skills
- Experience implementing process improvements
- The ability to work on multiple projects and prioritize based on regulatory risk and business needs
- Experienced making timely decisions based on available information
- Track record of providing sound guidance to business partners and peers
- Ability to respond to changes in the business and/or regulatory environment by actively recommending changes to existing policies and procedures
- Ability to respond to findings and remediation plans as appropriate and track through to completion
- Strong attention to detail and the ability to identify core and root cause of gaps and weaknesses
- Experience implementing regulatory change initiatives and projects across a business in a manner that balances the control requirements with the field related experience
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.