Vice President, Legal - Banking Trust - ReqCode 10206160

Charles Schwab Bank is a leading provider of trust products and services. Schwab Bank's Personal Trust division serves as administrative trustee of trusts whose investments are independently managed by third-party independent investment advisory firms named by the grantor or beneficiaries. Schwab Bank's Business Trust division provides trust and custody services for qualified retirement plans, primarily 401(k) plan

We are seeking an experienced attorney with a broad background in the trust business from the perspective of both personal trust services as well as trust services provided to qualified retirement plans. This position will be responsible for supporting Schwab Bank's trust business by providing legal support to senior management with regard to issues across the businesses. This position will provide legal support for all activities of the personal and business trust divisions with respect to applicable laws and regulatory guidance. This position will review agreements with affiliated and unaffiliated vendors, and review products and marketing plans. This position will also assist with the development of policies and procedures with respect to the operation of the personal and institutional trust business and the monitoring of new regulatory developments and requirements.
This position will require specific knowledge of and experience in handling matters involving legal issues associated with Delaware trust law, ERISA related fiduciary responsibility, collective trust fund administration, regulatory compliance, trading and custody matters. Ideal candidate will have superior knowledge of the Federal and State Securities laws and regulations, the regulations and guidance of the Office of the Comptroller of the Currency and a working knowledge of ERISA.

Technical/Functional Qualifications:
* JD degree from an accredited law school, and admitted in good standing to the Bar in at least one U.S. jurisdiction
* 10+ years of professional experience as either a practicing attorney in a law firm trust department or in-house experience at a national bank, wealth management firm or trust company
Preferred Qualifications:
* Thorough knowledge of regulatory governance for bank trust departments as well as securities laws, strong knowledge of investment products
* In depth knowledge of securities laws, rules and regulations particularly in the context of a trust company structure within a broker-dealer environment
* Familiarity with fiduciary laws, and in particular Delaware laws, as well as ERISA
* In depth knowledge of applicable state and federal banking laws and regulations along with bank services, policies and procedures
* Regulatory experience
* Self-starter, able to take initiative and conduct work with efficient time management skills
* Strong organizational and communication skills
* Ability to effectively manage and coordinate multiple projects
* Excellent interpersonal skills ability to interact with all levels of staff including senior management