Sarah Schott is the General Counsel and Chief Compliance Officer of Gravie, an innovative health benefits company. She has also served as Chief Compliance Officer of a Fortune 100 company, General Counsel and Corporate Secretary of a publicly traded investment banking firm and held leadership roles in strategy and operations. Her strategic acumen paired with her expertise in compliance, risk oversight, distribution and operations enable her to solve problems in ways that advance the business and ensure alignment with the company’s strategy, mission and values.
As Chief Compliance Officer at Northwestern Mutual, Sarah led multiple efforts with an enterprise-wide impact. Most recently, she oversaw the implementation of an enterprise-wide processes for assessing and monitoring cybersecurity, privacy, compliance and legal risks. She led multiple executive-level special projects with a focus on distribution strategy. She also chaired the Enterprise Compliance Committee, which included responsibility for monitoring external trends and new regulations, quantifying and mitigating enterprise-wide compliance risk, and reporting to the Audit Committee.
Within the enterprise compliance department, Sarah rallied her team of 170 around a shared goal to “grow the business the right way” and provide real time compliance support for the fast-moving digital transformation of the company. During her tenure, the company routinely received “no findings” results on compliance exams by the SEC, FINRA, OCC and state regulators. At the same time, she and her team implemented new technologies and improved processes across the department. These efforts decreased the overall operating cost of the compliance program three years in a row (-10%, -3%, -7.5%).
Sarah understands the importance of employee engagement in order to deliver on a company’s strategy. She was was frequently tapped as a speaker for company-wide change management messages and her compliance department’s employee engagement scores were consistently at or near the top in company-wide engagement surveys. Sarah also orchestrated and implemented successful succession plans for senior leadership roles.
Previously, Sarah served as senior managing director, general counsel and corporate secretary of B.C. Ziegler & Company, then a publicly traded broker-dealer, mutual fund advisor and investment banking firm. She was a trusted advisor to the company’s board of directors and worked with the board to develop and implement a strategy to transition the company to a closely-held ownership structure. She served on the company’s private equity investment committee and peer-review committee for non-investment grade underwriting engagements, assessing both financial and non-financial aspects of new opportunities. She also played a lead role in start up and ongoing risk management oversight for new lines of business, including a financial advisory engagements practice.
Sarah is a board leadership for several organizations. She joined the Lawrence University Board of Trustees in 2013 and currently serves as a member of the Executive, Compensation and Governance Committees as well as Chair of the Academic and Student Affairs Committee. Sarah is also President of the Board of Directors for the Milwaukee Jewish Day School. Sarah is a member of the Audit & Compliance Committee of Advocate Aurora Health. Previously, she was a member of the Advisory Board of the Center for Ethics in Financial Services at The American College.
Board Affiliations:
Northwestern Mutual Life Insurance Company, Milwaukee, WI 2007 – 2019
B.C. Ziegler and Company, Milwaukee, WI 2003 – 2007
Wildman, Harrold, Allen & Dixon, Chicago, IL 2000-2003
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Sarah and her husband, Brian King, live in Fox Point and have two sons, ages 12 and 14.