Regulatory Inventory Management Senior Manager

5 days ago


Roanoke, Virginia, United States Charles Schwab Full time
Senior Manager, Regulatory Inventory Management

At Charles Schwab, we're committed to empowering our employees to make a meaningful impact on their careers. Our innovative and collaborative environment fosters creative problem-solving, driving us to challenge the status quo and transform the finance industry together.

About the Role

The Compliance Department plays a critical role in coordinating Schwab's compliance efforts, performing an advisory, monitoring, testing, and education role to support management's supervisory responsibility and its efforts to achieve compliance with financial services rules and regulations, and policies of the Company.

Key Responsibilities
  • Regulatory Inventory Management: Maintain a comprehensive and accurate inventory of financial services regulations, mapping regulations to relevant business lines and risk categories, identifying and addressing gaps in the regulatory inventory, and proactively monitoring regulatory developments and assessing their impact.
  • Compliance Risk Assessment: Conduct comprehensive and ongoing assessments to identify, evaluate, and prioritize compliance risks associated with the firm's activities.
  • Stakeholder Engagement and Communication: Build strong relationships with subject matter experts and other stakeholders, effectively disseminating regulatory and compliance risk assessment information to diverse audiences within the firm.
  • Technology Implementation and Innovation: Participate in the implementation and optimization of GRC tools and automation processes, championing the adoption of new technology to improve regulatory inventory management.
  • Regulatory and Business Knowledge: Maintain a strong working knowledge of relevant federal and state financial regulations, possessing a solid understanding of the firm's business operations to ensure the regulatory inventory management program effectively supports overall compliance efforts.
Requirements
  • At least 8 years of experience within financial services, ideally with a deep understanding of banking and trust businesses.
  • 5 years of experience in a compliance or similar risk management role.
  • In-depth knowledge of relevant regulations, including federal and state banking, trust company, and savings institutions laws, rules, and regulations.
  • Familiarity with the execution of Second Line of Defense compliance process, including compliance risk management principles.


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