Charles Schwab Director - Broker-Dealer Legal Counsel in Chicago, Illinois


Chicago - IL, IL150SW, 150 S Wacker Dr, 60606-4111

Jessie M. Golden


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:

Corporate Legal Services provides legal advice to all aspects of Schwab's business. This in-house counsel position will be in our Institutional & Retail Legal Team within Corporate Legal Services. This team serves as enterprise counsel for the client-facing businesses of Schwab, including Advisor Services, Investor Services, and Corporate and Retirement Services, and serves as counsel for Schwab’s Operational Services business which supports all of the client-facing business units. This Legal Counsel Director position is within the Operational Services legal team.

What you’ll do:

  • Serve as counsel for the Operational Services business, which supports nearly all areas of the broker-dealer, including equity and fixed income trading, cashiering, account open, corporate actions, margin services, estates, mutual fund custody and operations, custody of alternative investment and specialized products, restricted stock services, operations control and other operational aspects related to servicing Schwab’s clients.

  • The right candidate will be comfortable providing legal advice and business assistance on a wide variety of issues; will be collaborative with the business and his/her partners in Legal; and will be responsive to our business clients.

  • Since Operational Services is involved in nearly every aspect of the broker-dealer, there is significant room for growth and additional subject-matter expertise.

  • This Legal Counsel Director will also be expected to assume other assigned tasks and projects in addition to his or her regular work schedule and to assist other attorneys on the team as circumstances may dictate.

What you have:

  • At least seven to ten years of law firm.

  • In-house counsel experience with a financial services company that includes broker-dealer and investment adviser matters, or experience with an industry regulator.

  • A detailed knowledge of broker-dealer operations is required.

  • The ideal candidate will have an understanding of the Investment Advisers Act of 1940, the Securities Exchange Act of 1934, and with market regulation.

  • Prior in-house experience at a broker-dealer would be a plus, as would prior experience working with or working for industry regulators.

  • Excellent verbal and written briefing skills and the ability to advise the business on day-to-day issues in a fast-paced environment, with an eye on regulatory changes and risk management, are important skills for this position.

  • J.D. degree and bar admission.

What you’ll get:

  • Comprehensive Compensation and Benefits package

  • Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts

  • Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program

  • Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions

  • 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. 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.

Job Specifications

Relocation Offered?: No

Work Schedule: Days

Languages: English - spoken

Current Licenses / Certifications: None

Relevant Work Experience: Financial Services-6+ yrs, Legal-6+ yrs, Brokerage Operations-6+ yrs

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

Education: JD

Job Type: Full Time


Activation Date: Thursday, May 10, 2018

Expiration Date: Sunday, July 1, 2018

Apply Here