Charles Schwab Corporation

Manager, Third Party Risk Management

Job Locations US-TX-Westlake
Requisition ID
2020-63916
Posted Date
2 weeks ago(7/27/2020 9:09 AM)
Category
Risk & Regulatory
Position Type
Full time

Your Opportunity

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 add new 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 employees' 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 hardworking, innovative and driven people who believe they can help themselves, and our clients, create a better future.

 

Third Party Risk Management (“TPRM”) is a firm-wide vendor management program established to manage and oversee vendor risk across The Charles Schwab Corporation and its subsidiaries. TPRM is responsible for establishing and maintaining a risk management program to assess, identify, supervise, and report on a variety of risks such as Third Party Resilience or Regulatory Compliance or Privacy or Financial Crimes Compliance related to third party vendors and other service providers.

What you are good at

Our TPRM Program is looking for a Manager to support its growing responsibilities relating to vendor operational resilience, exit strategies, business continuity, and disaster recovery.

The Manager will report to the Managing Director, Third Party Risk Management and assist in the execution of the processes to assess, identify, supervise, analyze, and report on risks related to Third Party Resilience (TPR). You will work closely with multiple risk and compliance partners, and first-line business teams to maintain and enhance a sustainable and comprehensive TPR risk management program across the firm. This is an individual contributor role with no direct reports.

As a Manager, Third Party Risk Management | Third Party Resilience, your responsibilities may include, but will not be limited to, the following activities:

  • Identifying operational resilience/business continuity risks posed by third party vendors, by helping develop, review, and analyze Schwab’s third party exit strategy and disaster recovery plans, and performing additional research, as needed
  • Assessing and analyzing contract exit strategy questionnaires, exit strategies, and disaster recovery plans to ensure that exit strategy and business continuity planning is comprehensive and appropriate to the level of operational risk presented by the third party relationship
  • Coordinating/performing periodic exit strategy and disaster recovery plan reviews, interconnecting exit strategy, and disaster recovery elements, continuously enhancing the firm’s ability to effectively recover from an event
  • Tracking and supervising resolution of disaster recovery and connection testing of critical and market utility third party vendors
  • Providing advice and guidance to the business, operational continuity and others
  • Participation on committees and other groups relating to TPR risks
  • Assessing existing control processes against regulatory requirements and expectations of regulators relating to TPR risks
  • Collaborating with other SMEs so that TPR risks are included in risk assessments performed by those functions, and working collaboratively to continually enhance the firm’s Operational Continuity Risk Assessment framework and methodology
  • Assisting Director with the creation and maintenance of spreadsheets, tracking mechanisms, and other items as required
  • Collaborating closely with the first and second line of defense and specialty areas to address TPR and/or operational issues or events as they may arise, supervise action plans to address testing, audit, or regulatory exam issues, close self-identified TPR gaps and/or drive other initiatives/projects
  • Coordinate periodic reporting of TPR risks and collaborating with risk and compliance partners in the preparation of periodic reporting, presentations and other materials for senior executive and board-level audiences

 

What you have

  • A minimum of 3 years of experience working in operational continuity, compliance, or other risk management function and/or vendor management function, preferably within financial services
  • Experience working with compliance and operational continuity risks across multiple lines of business, legal entities, and/or jurisdictions
  • Familiarity with regulatory requirements and expectations of regulators (for example, FRB, OCC, FINRA, SEC, FDIC, CFPB, CFTC, NFA).
  • Familiarity with the products and services offered by a broker-dealer, investment advisors, and/or banking institutions
  • Superior analytical and research skills and ability to synthesize data
  • Excellent written and verbal communication skills
  • Proven ability to build strong relationships, collaborate effectively, and establish trust, respect, and confidence
  • Proven track record to identify and solve complex issues in a team environment working with various levels of management and business partners while being disciplined in the use of project management principles
  • Fully proficient in using Microsoft Office and SharePoint including Word, PowerPoint, and Excel
  • BA/BS degree required

What You'll Get

  • Comprehensive Compensation and Benefits package
  • Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts
  • Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program
  • Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions
  • Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships
  • Not just a job, but a career, with an opportunity to do the best work of your life

Learn more about Life@Schwab.

 

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 the 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.

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation, and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab's hiring decisions. All other submissions should be performed online.

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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.