Charles Schwab Corporation

Compliance Director: Alternative Investments

Job Locations US-TX-Westlake | US-TX-Austin | US-IL-Chicago
Requisition ID
Posted Date
2 months ago(7/21/2020 9:27 PM)
Legal & Compliance
Position Type
Full time

Your Opportunity

Schwab Compliance is seeking a Director to provide regulatory guidance to its third party platform businesses, with an emphasis on alternative investments (others may include separately managed accounts, mutual funds, ETFs/ETPs, and structured products). The Director will support issues related to custody, valuation, risk management and monitoring, and product platform development and maintenance. This role will be an individual contributor for a team that provides regulatory guidance to business partners on items such as changes to regulatory developments, existing products, and mitigation of issues as they arise.

What you are good at

This individual will:

  • Actively participate in various committees and effectively challenging business partners when appropriate;
  • Provide advice on improvements to desktop and supervisory policies, procedures and controls, mentorship on new products and/or services;
  • Advise business partners on changes in the regulatory environment;
  • Participate in regulatory projects;
  • Participate in the annual Compliance Risk Assessment process in accordance with corporate standards;
  • Advise business partners on Compliance risk in their Risk and Control Self Assessments (RCSA);
  • Build and maintain strong working relationships with business partners and colleagues within Legal, Compliance and other areas of Corporate Risk Management;
  • Execute other duties as assigned.

What you have

The successful candidate will have:

  • At least 12 years industry experience, preferably at a broker-dealer or investment adviser, with 5-7 years in a compliance, control, or risk management role;
  • Bachelor’s degree;
  • Solid understanding of alternative investments including hedge funds, private real estate funds, registered non-traded funds (including REITs and BDCs), and private stock;
  • Strong working knowledge of SEC and FINRA Rules applicable to alternative investments and mutual funds, including but not limited to: Securities Act of 1933, (emphasis on Regulation D), Securities Exchange Act of 1934, Investment Company Act of 1940, Investment Advisers Act of 1940, FINRA rules 2310, 2340, 2341, and 5123
  • Knowledge of regulatory requirements and industry practices related to custody of alternative investments, including possession or control and valuation;
  • Strong interpersonal, influencing and facilitation skills;
  • Excellent time management, and strong oral and written communication skills;
  • Demonstrated experience working independently and prioritizing multiple projects based on regulatory risk and business needs;
  • Series 7, 63, and 24 licenses preferred;
  • Advanced degree or professional certifications such as the CAIA a plus
  • Proficiency in Microsoft Office Programs (Word, PowerPoint, Excel).



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