The Block reported last month that Charles Schwab is currently exploring the launch of crypto brokerage, with sources saying at the time that the firm is looking into how it can offer crypto trading to customers via partnerships with industry companies. The idea is that such services would be white-labeled from a crypto industry partner as early as the end of 2021.
The new job posting appears distinct from that potential business line, but it does involve some crypto aspects. A Google search for the role indicates that the earliest listing is dated April 1.
As the job description notes:
“The Futures Compliance Team in Corporate Risk Management supervises all aspects of compliance for Schwab’s futures, forex and virtual currency business, including risk assessments, policies and procedures, training, senior management reporting, Audit and Regulatory exams, testing and managing actions stemming from findings, observations or self-identified issues.”
Among the designated duties include “[e]stablishing a virtual currency compliance program.” The job listing notes elsewhere that the director role involves:
“Supporting projects to implement regulatory and risk initiatives related to Schwab’s futures, forex and virtual currency business through engagement with multiple corporate oversight groups including, Legal, Corporate Risk and Supervision & Controls. This includes any mergers and acquisitions affecting futures compliance [and]…[m]aintaining a keen understanding and awareness of the futures, forex and virtual currency business model, product offerings, regulatory environment and policy infrastructure.”
Under the list of required experience areas, the job listing highlights “10 years industry experience, with 5 years futures, forex and virtual currency compliance and regulatory experience.” © 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.