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VP, Regulatory Compliance

San Francisco, CA, USA | Charles Schwab

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    General Management
    Regulatory Affairs
    Legal / Compliance
  • Experience:
    15-20 years
Job Description:
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The Vice President will lead, guide and help to shape the company’s regulatory interactions to ensure we continue to earn the trust of our clients and other stakeholders every day.The Vice President, Regulatory Compliance will have overall leadership responsibility for Schwab’s engagement with its regulators on compliance-related matters and the teams responsible for handling regulatory inquiries and examinations.This VP serves as the face of Schwab in dealing with its regulators, as both advocate and ambassador. 

The executive will engage with internal and external stakeholders (regulators and industry groups) to ensure Schwab’s compliance policies, programs and processes align with the firm’s compliance risk appetite and the external industry and regulatory environment.The Vice President will ensure we have the proper integration across the company encompassing establishing processes and partnering with business unit management, business lines, third parties and respective regulators “connecting-the-dots” of how Schwab maintains an informed control environment and how emerging issues or trends may impact Schwab’s strategic positioning.

The officer will report to the Senior Vice President, Chief Compliance Officer and will have direct reports encompassing regulatory inquiries and regulatory examinations teams. 

Additional responsibilities include:

The Vice President and team will ensure Regulatory Compliance is an essential business partner in the successful execution of the firm’s business objectives in line with the firm’s risk appetite statement and as a creative partner and innovator of best in class insights and trends in regulatory matters.

Connects the dots across regulators, exams, inquiries and the firm to ensure emerging threats and issues are identified and escalated.

Influences Senior Management and Business Unit Management, Legal, the Regulatory Liaison Office (RLO) and other stakeholders on sensitive and routine regulatory matters.

Collaborates exceptionally with peers in Compliance, Legal and other functions to ensure matters and issues are handled effectively and efficiently.

Ensures regulatory interactions are managed effectively and efficiently and in a manner aligned with and enhances Schwab’s brand.

Build constructive relationships on a foundation of trust enabling the firm to move quickly to capture opportunities to innovate.

Serve as a leader on Compliance with Senior Management across the company including regular meetings with EVPs, of all businesses through general risk discussions and risk forum meetings as well as handling of specific regulatory matters or exams.

Engage with business partners on new products, projects (technology, business, regulatory, etc.) and third party relationships.

As a senior leader in Corporate Compliance, the officer will help shape the strategic direction of companywide compliance programs. 

Ideal Profile:

Minimum 15 years’ of related work experience in Regulatory compliance from a diversified financial services firm; minimum 10 years in a leadership capacity. 

Demonstrated success in transforming organizations in a highly collaborative environment to influence compliance and controls while building strong internal and external partnerships, and providing coaching and guidance to varied stakeholders.

Deep competencies in law, securities/banking regulations, ethics, human resources, financial services. 

Thrives on initiating, building and cultivating strong authentic relationships inside and outside the group; highly collaborative; navigates and activates alignment across organizational silos. Especially important to do so with senior executives as this role is regularly involved with Executive Council and Board of Directors level presentations and decision making meetings.

Proven ability to find a balance in developing programs effectively meeting potentially differing regulatory requirements and expectations while being workable for business partners.

Courageous leader who develops followership and builds high performing, diverse, cross-functional work teams of both direct and not direct team members rallied around the strategy.

Relationship-oriented and emotionally mature senior executive leader who manages complex, multi-stakeholder issues with resilience, embraces others’ perspectives and understands the limits to their own points of view.

An exceptional communicator able to effectively persuade and influence across channels with a purpose.Competence in interacting with and influencing senior leaders across business lines through innovative and creative means.

Exercise sound judgment to influence a strong risk management culture across business practices.

Strong emotional intelligence/maturity and senior level executive presence.

JD preferred.

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