Job Information
Charles Schwab Senior Manager Intraday Liquidity in Westlake, Texas
Your opportunity
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 Liquidity and Funding Management group within Treasury handles liquidity and funding planning across the corporation and its subsidiaries, including our bank and broker-dealers. We monitor and ensure adherence to regulatory ratios including the Liquidity Coverage Ratio (LCR) and associated public disclosures, Net Stable Funding Ratio (NSFR), FR 2052a Liquidity Monitoring Report. We also develop tools to assist our business partners in analyzing the liquidity impacts of business decisions. We work with our second line partners to assist in the development of robust contingency liquidity analyses and plans to help identify emerging risks. This group is responsible for the design of company liquidity management policies, ensuring compliance at all times, and escalating issues to senior management as necessary. We work with internal and external partners on multiple ongoing examinations and audits of liquidity practices. This is an individual contributor role within the Funding Management group
What you have
Bachelor’s degree required; MBA preferred
CFA, CPA or FRM professional designation preferred
5+ Years in finance with 3+ years of experience managing Intraday Liquidity Risk for a Category IV or larger financial institution
Demonstrated detailed knowledge of finance
Deep knowledge of broker / dealer liquidity requirements (series 27 preferred)
Deep knowledge of bank liquidity requirements
Experienced with treasury functions including debt and capital instruments
Experienced with sweep deposit programs.
Experienced with financial systems and financial data
Excellent analytical, strategic planning, problem resolution skills
Ability to translate sophisticated business problems into discrete quantifiable components
Excellent oral and written communication skills
What you'll do:
Responsible for the firm wide intraday liquidity management framework
Design and implement monitoring metrics and reports on intraday liquidity
Identify intraday cash flow patterns and drivers and collaborate with cross functional teams on optimization
Partner with the Cash Management team to automate and enhance intraday liquidity monitoring practices
Monitor customer trading activities and option trading and proactively identify emerging intraday liquidity risks
Remain abreast of the macro-economic environment, funding markets, and regulatory guidelines
Assist in optimizing intercompany funding venues to deploy liquidity efficiently across the organization
Assist with booking trades for the funding desk: commercial paper, internal/external repo, internal/external credit lines, and FHLB borrowing
Prepare and review ALCO, senior management, and Board committee materials
In addition to the salary range, this position is also eligible for bonus or incentive opportunities.
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
401(k) with company match and Employee stock purchase plan
Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
Paid parental leave and family building benefits
Tuition reimbursement
Health, dental, and vision insurance
What’s in it for you:
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
401(k) with company match and Employee stock purchase plan
Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
Paid parental leave and family building benefits
Tuition reimbursement
Health, dental, and vision insurance
Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.