Charles Schwab Compliance Manager - Windhaven in Boston, Massachusetts

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 create 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 employee 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 talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Opportunity:

In Compliance, we help our Business Partners achieve their strategic priorities by promoting principles and practices that build client trust and safeguard the integrity of the Firm. We accomplish this through providing advice and guidance to our business partners regarding the applicability of rules and regulations; advice on policies, procedures and controls; reviewing marketing materials, advertising and other communications with the public.

We are currently offering the opportunity for a dynamic and engaging Compliance Professional to join our Windhaven Compliance Team as a Senior Manager/Team Lead. The Senior Manager/Team Lead will serve as a key Compliance Business Partner and assist the Chief Compliance Officer in developing, maintaining and administering the Compliance Program for Windhaven as a registered investment adviser under Rule 206(4)-7.

Windhaven Investment Management is an SEC-registered investment advisory firm serving high net worth individuals, trusts, retirement plans, foundations and endowments. We currently manage approximately $ 9B in client assets. We broadly diversify investment portfolios across the global capital markets and regularly include exposure to gold, commodities and real estate, in addition to more traditional investments in US and non-US stocks and bonds. To guide investment decisions and manage portfolio risk, we use our proprietary Global Strategies Model. Windhaven is a wholly-owned subsidiary of Charles Schwab and is located in Boston, MA. Our mission is to help our clients achieve an attractive rate of return on their investments over the long term while preserving their capital under a wide variety of global macroeconomic and geopolitical conditions. To support our mission, we aim to be the top team of investment managers/researchers in the global asset allocation field, developing and evolving the industry’s most comprehensive model of the global capital markets (equities, fixed income, hard assets and currencies across the U.S., Europe, Asia and emerging markets). Windhaven is a wholly-owned subsidiary of the Charles Schwab Corporation and is located in Boston, MA.

What you’ll do:

The Senior Manager/Team Lead of Compliance for Windhaven will report directly to the Chief Compliance Officer. This position will have responsibilities relating to all aspects of the Investment Advisers Compliance Program created under Rule 206(4)-7. In addition to broad responsibilities related to the Windhaven Compliance Program, the Senior Manager/Team Lead of Compliance will:

  • Build relationships with key Business Partners including investment management, relationship management, trading and operations, sales and marketing, product management and legal through participation on certain Committees and regularly-scheduled meetings.

  • Serve as the Subject Matter Expert on a variety of specific compliance topics.

  • Oversee and execute specific functional responsibilities that support the Compliance Program.

  • Oversee and execute the Compliance Risk Assessment and Testing Plan.

  • Assess proposed regulations for impact on the business, and develop and implement procedures to address relevant changes.

  • Additional projects and tasks based on business need and potential coverage and accountability gaps.

  • Manage a team of Compliance specialists.

  • Review and update the Compliance Manual and related desktop procedures.

  • Participate in cross-affiliate projects.

  • Oversee development, annual review and participate in the presentation of compliance training.

  • Support and participate in regulatory exams and internal audits.

What you have:

  • At least 7 years of professional experience in an investment advisory firm with working knowledge of the Investment Advisers Act of 1940, including Rule 206(4)-7 as well as other federal securities laws governing investment adviser compliance programs.

  • Strong writing skills and demonstrated ability to communicate effectively.

  • Proven ability to independently identify opportunities for improvement and enhance the overall compliance program.

  • Proven ability to identify and solve complex issues in a team environment working with various levels of management and business partners.

  • Thorough understanding of the role of Compliance and the relationship between Compliance and business partners.

  • Direct experience in writing, maintaining, testing, auditing, and revising policies and procedures.

  • Direct experience working with Compliance Risk Assessments.

  • Strong written and verbal communication skills with demonstrated ability to communicate effectively with all levels of an organization.

  • Ability to think strategically with sharp analytical skills and strong attention to detail and accuracy.

  • Ability to work on multiple projects simultaneously while prioritizing based on risk and business needs.

  • A Bachelor’s Degree.

  • Desirable qualifications include: a JD or MBA and professional designations such as a CFA, CFP or Series 65.

  • Self-starter with can-do attitude that can network and influence effectively.

  • Ability to work at all levels of the organization, from Jr. Staff to Sr. Executives.

  • Highly effective organizational and time management skills.

What you’ll get:

  • Everyday Wellness: Healthy Rewards, Onsite Fitness Classes, Healthy Choices, Wellness Champions

  • Financial Fitness: 401k Match, Employee Discounts, Personalized advice, Brokerage discounts

  • Work/Life Balance: Sabbatical, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer

  • 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 at" .

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.

Position Located In: MA - Boston