Your Opportunity
At Schwab, 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.
The Compliance Director is a senior leader responsible for the design, implementation, and oversight of Schwab's Compliance Program for its Futures Commission Merchant (FCM) and Forex Dealer Member (FDM) activities. This role requires enterprise-wide thinking, exceptional collaboration, and the ability to operate across regulated entities and emerging areas, including digital assets and prediction markets.
The Compliance Director leads the compliance risk management program for Schwab's FCM and FDM businesses, ensuring alignment with Schwab's strategic objectives and regulatory requirements. This leader models Schwab's values, drives collaboration across Compliance, Legal, Risk, and business partners, and is accountable for the effectiveness of the compliance program.
Measures of Success
Personal ownership and accountability for assigned compliance risk management programs.
Evidence of enterprise-wide thinking and collaboration.
Success in attracting, empowering, and developing a diverse team.
Effective engagement with senior leaders and regulators.
Core Responsibilities
Regulatory Oversight
Administer and oversee compliance policies and procedures for FCM and retail foreign exchange activities, ensuring compliance with the Commodity Exchange Act, and NFA exchange rules.
Take reasonable steps to ensure compliance with the Act and CFTC regulations related to the FCM and retail foreign exchange business.
In consultation with the Board of Directors or Senior Officers, identify, manage, and mitigate material conflicts of interest arising from the firm's activities as a registered FCM and FDM.
Support the firm's designated CCO under CFTC Rule 3.3, including preparation, signing, filing and certification of the annual CCO report.
Act as liaison to the internal team who interfaces with regulators, exchanges, and self-regulatory organizations (SROs).
Compliance Program Leadership
Alongside existing team, develop, implement, and maintain a comprehensive compliance program covering:
Futures and options on futures trading and clearing
Retail foreign exchange and related activities
Customer protection and segregation requirements
OTC Cleared Swaps activities
BSA/AML, fraud, and financial crimes compliance and controls (in partnership with Financial Crimes and Risk Management)
Ethics, conflicts of interest, conduct risk, and market integrity
Monitoring, Surveillance, Testing, and Remediation
Implement monitoring, surveillance, and testing frameworks across trading and clearing.
Oversee identification, escalation, and remediation of compliance issues.
Establish and maintain written policies and procedures reasonably designed to handle, respond to, remediate, re-test, and resolve noncompliance issues.
Ensure robust documentation, audit readiness, and regulatory reporting.
Governance and Escalation
Escalate material risks, regulatory developments, and compliance deficiencies.
Ensure appropriate governance over new products, including risk assessments and formal compliance sign-off.
What you have
Required Qualifications:
10+ years in financial services compliance, with significant experience in futures, foreign exchange, derivatives, and FCM & FDM compliance.
Deep expertise in futures, foreign exchange, clearing, and customer protection rules, including CEA and NFA rules and regulations.
Strong experience engaging on regulatory inquiries and other matters with the CFTC, NFA, and exchanges.
Very strong experience leading and managing regulatory examinations, including direct engagement with regulators, coordinating responses, and driving remediation of exam findings.
Demonstrated ability to lead and operate with independence and authority in a highly regulated environment.
Ability to translate complex regulatory frameworks into operational controls.
Exceptional written and verbal communication skills, with the ability to translate complex regulatory information for business stakeholders.
Excellent judgment in ambiguous and evolving regulatory areas.
Series 3 license, or ability to obtain.
Preferred Qualifications:
Series 34 license, or ability to obtain.
JD.