Charles Schwab Manager, Alternative Investment Analytic and Compliance – Schwab Charitable in Lone Tree, Colorado


Lone Tree - CO, DENR2, 9800 Schwab Way, 80124

Lara Nolen


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 at 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:

Schwab Charitable, established in 1999, is an independent public charity created to increase charitable giving in the United States by offering clients simple and tax-smart giving solutions. We deliver on this mission through our Schwab Charitable Fund™, a leading national donor-advised fund. We offer our donors a strategic approach to maximize the value of their charitable giving and provide access to resources and tools that help develop lifelong charitable giving programs.

Schwab Charitable has received over $16 billion dollars in contributions since inception, and works with over 34,000 donors and over 1800 investment firms. Schwab Charitable has issued almost $8 billion in grants to over 110,000 charitable organizations nationwide.

What you’ll do:

This is an individual contributor role. This position, which reports to the Senior Manager of Investment Oversight, is chiefly responsible for ensuring compliance of alternative (private fund) investments with Schwab Charitable’s policies. We are seeking a highly motivated individual with solid investment knowledge, analytical and organizational skills, investment compliance experience and a natural inclination for attending to details. This position will be responsible for conducting due diligence and risk review of Schwab Charitable’s alternative investments. This position will also assist in the administration of Schwab Charitable’s alternative investments, in monitoring compliance with Schwab Charitable’s overall Investment Policy Statement and preparing investment performance reports. This role must be able to interact skillfully with sophisticated investment advisors, clients and with multiple internal roles, including senior management.

Responsibilities include the following:

Alternative Investment (“AI”) Due Diligence Review

  • Process AI purchase/contribution recommendations from advisors

  • Collect required AI due diligence documents for each recommendation

  • Assist with initial and ongoing AI due diligence review on proposed AIs; prepare AI Risk Assessment Reports for Senior Investment Oversight Manager review, including the following:

1) Review legal documents and subscription documents of proposed AIs to ensure appropriate terms & conditions, controls, accounting oversight, conflict mitigation, investor protections, regulatory oversight and risk mitigation

2) Work with AI advisors to document/address unusual issues during due diligence review process

3) Identify and evaluate the risk of each proposed AI

4) Summarize the results of due diligence review, findings, and any policy/regulatory exceptions

  • Monitor and manage AI correspondence and quarterly/annual AI updates to ensure ongoing policy compliance

  • Maintain AI records - ensure files are complete, well-organized and documented for quick retrieval

Investment Oversight and Projects:

  • Prepare quarterly/annually investment performance and compliance reports

  • Review Investment Advisory Agreements and trade recommendations from advisors to ensure policy compliance, escalate any policy/regulatory exceptions as appropriate

  • Work with advisors directly to address compliance issues in PMA accounts

  • Manage SEC compliance filings (currently Forms 13G and 13H)

  • Assist Senior Investment Oversight Managers in designing and documenting investment oversight procedures

  • Assist with other Investment Oversight projects as needed

AI Administration

Act as a back up to Investment Administrator in managing AI administration assignments, including, but not limited to:

  • Maintain AI database

  • Process capital calls, distributions, subscriptions, transfers and redemptions

  • Handle AI daily correspondence; complete, obtain review and signature of filing of various compliance forms (FATCA, new issue status etc.)

  • Assist in annual audit preparation, including review and filing of audited financial statements and K-1’s

What you have:

Required Skills:

  • Bachelor’s degree required

  • Strong understanding of investment industry required

  • Strong experience in conducting investment analysis and compliance activities required

  • Strong experience with and solid understanding of investments and of investment performance reporting and analysis required

  • Strong PC skills, including proficiency in Excel spreadsheet, macro and database applications

  • Minimum 6-8 years’ experience, with at least 4 in financial services or related industry

  • Minimum of 3-5 years’ experience with investment compliance activities

  • Solid understanding of wide range of investment styles, strategies and security types

  • Experience in investment firm, consulting or advisory firm

  • Minimum of 3-5 years’ experience with investment performance reporting, analysis and monitoring

Preferred Skills:

  • CAIA, CIMA, CFA or post-graduate degree strongly preferred

  • Understanding of AI industry strongly preferred

  • Minimum of 2 years’ experience working with alternatives strongly preferred

  • Experience in AI evaluation, oversight, custody or operations strongly preferred

  • Experience in conducting initial and ongoing due diligence on investment advisors and funds, including private funds strongly preferred

  • Investment experience at a foundation preferred

  • Aptitude and passion for learning complex, new material


  • Highly organized; able to manage multiple processes effectively

  • Demonstrated strength in planning and execution of multiple projects

  • Commitment to excellence and strong attention to detail

  • Self-starter with strong ability to analyze, research and resolve problems

  • Excellent oral, written and presentation skills, including ability to communicate effectively with senior management, peers and outside parties, including clients and sophisticated investment advisors

  • Passion for client service (internal as well as external)

  • Strong, collegial team player

  • Critical thinker with ability to react to changes in regulatory, market and business climate

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.

Job Specifications

Relocation Offered?: No

Work Schedule: Days

Languages: English - spoken

Current Licenses / Certifications: None

Relevant Work Experience: Brokerage Operations-2-5 yrs, Legal-2-5 yrs, Financial Services-2-5 yrs

Position Located In: CO - Lone Tree, CA - San Francisco

Education: BA/BS

Job Type: Full Time

Category:Investment Management & Research

Activation Date: Tuesday, April 25, 2017

Expiration Date: Friday, July 7, 2017

Apply Here