Associate General Counsel, Charles Schwab Investment Management

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Job ID:
20161107-3850
Job Category:
Compliance/Legal/Regulatory
Relevant Work Experience:
Legal-6+ yrs
Current Licenses / Certifications:
None
Position Located In:
CO - Lone Tree, CA - San Francisco
Education:
JD
Job Type:
Full Time

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:

Currently, CSIM manages over $280 billion assets under management encompassing 95 mutual funds, ETF’s and collective trusts.  CSIM represents a significant long-term growth opportunity for Charles Schwab.  To support the expected growth, CSIM will be raising the external market profile by increasing the off-platform presence, substantially increasing the sales and distribution team, modifying its product line-up and increasing the number of fund offerings.  

Reporting to the SVP & CSIM, Chief Counsel, the Associate General Counsel-CSIM is responsible for providing legal services related to the mutual and exchange traded fund sales and distribution functions of CSIM’s investment advisory business including advising CSIM’s business partners on retail and institutional sales strategy and activities. The role can be based in either San Francisco or Denver and will lead a team of one direct report.  Additional responsibilities will include:

  • Provide primary legal support for the funds’ distributor and financial intermediary (FI) relationships, including negotiation of all distributor and financial intermediary agreements and amendments. 
  • Advise on matters relating to day to day operations of a proprietary investment management business to promptly respond to and resolve questions from CSIM business partners while exercising discretion and keen judgement.
  • Monitor and analyze federal and state legal and regulatory changes as well as develop and support the business in responding and managing to relevant new rules, regulations, guidelines and best practices.
  • Oversight of specific fund offerings and product development, including fund registration statement filings, shareholder reports, and other regulatory filings and marketing materials.
  • Participate in and present and provide legal counsel to relevant CSIM governance committees and the fund’s Board of Trustees.
  • Interact with and provide legal advice/support to the CSIM senior management team and affiliated entity senior business leaders, including their direct reports, as well as engagement with outside counsel and CSIM and fund service vendors and regulators.

Ideal Profile:

  • A minimum of 15 years’ experience as an attorney in the securities industry concentrating in investment management and investment adviser regulation, particularly in supporting mutual fund institutional and retail sales and financial intermediary oversight, and with a robust understanding of relevant advertising and marketing rules, regulations and guidance.
  • Provide appropriate advice and counsel on a wide variety of Investment Company and Investment Adviser 1940 Act legal and compliance issues including all aspects of day to day operation of a proprietary fund management advisory business.
  • Broad experience and deep understanding of mutual fund operations, fund accounting and valuation, portfolio management, the formation and oversight of registration investment companies and collective trusts, and fund governance and compliance matters. 
  • Experience analyzing a high volume of institutional and retail sales and service issues as they arise for potential regulatory and risk issues. 
  • Experience advising on offshore investment company formation, operations, and distribution and sales is highly valued. 
  • Superior organizational, partnership, decision-making and time management skills.
  • Demonstrated ability to establish strong working relationships with many different business clients, senior management, and Legal, Compliance, and Risk Management colleagues as well as work on a diverse mix of projects and subject areas simultaneously. 
  • Extremely strong client relationship management and negotiation skills required with the ability to assess and effectively communicate processing capabilities and identify alternative solutions for clients and business partners.
  • Displays confidence and courage in business and talent decisions, actions and communications. Consistent ability to take decisive action when needed including championing ideas, position or dissent.
  • A track record of taking risks when the opportunity warrants and the potential downside is understood.  
  • Outstanding written and verbal communication skills with demonstrated ability to communicate effectively with all levels of an organization.
  • Strong emotional intelligence/maturity and senior level executive presence.
  • Thrives on initiating, building and cultivating strong relationships inside and outside; highly collaborative; navigates and activates alignment across organizational silos.
  • Exceptionally client focused; able to effectively and quickly build relationships and establish trust, respect, competence and confidence.
  • BA/BS and JD degree are required as well as a State Bar membership in either California or Colorado in good standing.

 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.


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:CO - Lone Tree, CA - San Francisco
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Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

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. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability, and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab’s hiring decisions. All other submissions should be performed online.

The Charles Schwab Corporation provides a full range of securities, brokerage, banking, money management, and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (“Schwab”), Member SIPC , offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.