The position is within the Global Sanctions department, part of the Financial Crimes Risk Management (FCRM) organization. The department is responsible for assessing sanctions risk, upholding U.S. and other applicable sanctions regimes, and ensuring that the firm is well positioned to navigate the increasingly complex sanctions landscape and to adapt to future sanctions programs. The team uses a suite of tools to screen and review the firm’s clients, along with their transactions and securities. The team is also responsible for the management and oversight of these tools, including access, tuning, and data governance. With firm-wide responsibility for sanctions compliance, the Global Sanctions team serves as the firm’s focal point for all sanctions strategy, processes, and procedures, and represents Schwab in sanctions-related discussions with peer financial institutions and industry groups.
What you’ll do:
Ensure Schwab remains compliant with all relevant sanctions regulations, to include the screening of Schwab clients, vendors, securities, and transactions against all appropriate sanctions watchlists.Identify red flags that may be associated with sanctions evasion, money laundering, and/or terrorist financing.Engage and collaborate across business lines to enhance existing sanctions screening tools and identify and implement additional processes as needed.Keep abreast of regulatory changes and appropriately document policies, procedures, and investigative outcomesCommunicate verbally and in writing with various business contacts and stakeholders regarding a range of sanctions-related issues.Prepare reports and escalate significant risks and issues in a timely manner.Support all components of the Global Sanctions team, as needed, which may include projects with a focus on operational, strategic, or technology needs.Support firm-wide training efforts related to sanctions compliance. What you haveDesire to be viewed as a subject matter expert at all levels, both within FCRM and by our business partners.Critical thinking skills and a track record of taking ownership and driving solutions on complex assignments with regulatory or audit implications.Three to five years of experience in the financial services industry or a working knowledge of banking/broker-dealer businesses and securities/banking industry regulations and practices.Knowledge of U.S laws and regulations applicable to U.S. sanctions; familiarity with the U.S. Treasury Department’s Office of Foreign Assets Control.Outstanding written, verbal, and interpersonal communication skills with demonstrated ability to communicate effectively with all levels of an organization.Excellent PC skills and comfort learning new systems and tools.Demonstrated ability to identify and solve complex issues in a team environment working with various levels of management and business partners.Positive attitude, enthusiasm, and strong work ethic with high level of integrity and ethics.Ability to prioritize effectively in a fast-paced environment and function in a professional manner under pressure.A bachelor’s degree preferred or equivalent business experience.
The following qualifications are preferred but not required:
FINRA series 7 registration
CAMS, CFCS, CGSS, or similar certification
Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Why work for us?Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.
Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future. Application FAQs
Software Powered by iCIMS
www.icims.com