At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.
The Restricted Stock Senior Specialist is part of the Restricted Securities Service organization which is responsible for restricted stock and Rule 144 services provided to both Retail and Advisor clientele alike. The Senior Specialist is responsible for assisting corporate officers, affiliates, insiders, and other major shareholders in selling their stock under Rule 144 and within a 10b5-1 trading plan.
Specific job tasks include:
Managing inbound client calls regarding Rule 144 sales and complianceCoordinating with issuer's counsel and transfer agents on the client's behalfAdministering 10b5-1 trading plans for corporate insidersExercising affiliate stock optionsAs a member of the Restricted Stock Service department, the Senior Specialist’s responsibilities include:
Prepare and file required regulatory documents to the SEC and exchangesEffective communication and coordination with issuer's counsel and transfer agents on the client's behalf to ensure that the proper paperwork is on file, all parties are aware of details surrounding the delivery of securities and confirm that securities have been successfully delivered under a strict timeframeAccurately exercise affiliate stock options; understand the benefits and disadvantages of the various option exercisesDeliver highly customized and superior service to Schwab executives and affiliatesTake ownership of client needs and act as a single point of contact, always maintaining professionalism and composureAccurately enter client trades on restricted stock once all appropriate paperwork has been submitted, at client requestPerform calculations as to limits on sells of restricted stockUnderstand and clearly explain control party restrictions, trading restrictions and regulations to clients and business partnersAid in the identification of risks such as unidentified control parties, potential AML flags, and fraudulent activities, escalating when appropriateActively participate in Problem Solving sessions to ensure proper resolution What you haveTo ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Required Qualifications:
SIE, Series 7 and Series 63 (or Series 66) required2-year college degree or equivalent experience2-4 years of brokerage operations experiencePreferred Qualifications:
Flexible and responsive to changeStrong organizational skills and attention to detail with emphasis on accuracy and timelinessAbility to analyze and rectify issues that may result in monetary and/or reputational risk to the client or firmAbility to focus and perform under stressAbility to work with a high sense of urgencyConsistently open and responsive to coachingMilitary education or experience may be considered in lieu of civilian requirements listedIn addition to the salary range, this role is also eligible for bonus or incentive opportunities
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