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 Asset Liability Management (ALM) team is a team within our Corporate Treasury department. We are responsible for balance sheet management and strategy, portfolio and brokered deposit notional investment allocation decisions, balance sheet modeling and analytics, market risk management, ALM derivatives, funds transfer pricing (FTP), and net interest income forecasting. The overall team manages fixed-income investments in several portfolios totaling over $300 billion, with approximately $500 billion in total balance sheet assets and $85 billion in off-balance-sheet brokered deposit agreement notional investments.
As an individual contributor within the ALM Strategy team, you will play a key role in the overall strategic optimization of the balance sheet and the NIM profile through the development and execution of balance sheet strategies in collaboration with business partners, including investment portfolio managers, risk partners, and product leaders across the firm.
What you have 3+ years of career experience in treasury, finance and/or ALM roles of progressive level of responsibility and a minimum of five years of experience at an institution with similar size and complexity as Charles Schwab.Degree in finance, accounting, economics, or quantitative field required. Master’s degree desired; CFA a plusExperience with PolyPaths ALM, QRM, Calypso or other ALM software is a plus.Enthusiasm to work in white space and the ability to create innovative analyses to help drive strategy and influence key leaders across the company.Strong fixed-income investment modeling and analytics knowledge a plus.Ability to multi-task on multiple projects and deliverables while remaining calm in a potentially stressful environment.Excellent written and oral communication skills.Strong emotional intelligence and executive presence.Client focused; able to build relationships and establish trust, respect, competence, and confidence effectively and quickly.An undergraduate degree is required, strong preference for an advanced degree.Professional certification, such as CFA, FRM or PRM, preferred.What you'll do:
Develop and evaluate balance sheet hedging strategies using on and off-balance sheet instruments, including swaps, fixed income securities, and off-balance sheet notional investments with unaffiliated banksPlay a key role in achieving risk-return optimization mandate within ALM, with emphasis on interconnectedness of liquidity, capital and interest rate risks.Partner with ALM Modeling team and ALM Analytics teams to develop tools, analytics, and insights to support balance sheet strategy execution and measurementAssist in the daily positioning of investment portfolio planning, including excess reserve targets and operating levels, LCR application, and investment portfolio optimizationSupport the forecasting, planning, and analysis needs of the ALM forecasting team, including partnership in modeling NIM optimization and stabilization strategiesAssist in the decomposition of net interest margin and net interest revenue, including drivers, risks and reward measurement, and NIM profileIn addition to the salary range, this position is also eligible for bonus or incentive opportunities.
Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Why work for us?Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.
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