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 preferredCFA, CPA or FRM professional designation preferred5+ years of related work experienceUnderstanding of collateral impacts on Liquidity Regulatory Reporting ( LCR, NSFR, 2052a) preferred. Demonstrated detailed knowledge of financeDeep knowledge of broker / dealer liquidity and collateral requirementsExtensive experience and knowledge required in broker/dealer operationsExperienced with treasury functions including debt and capital instrumentsAbility to work in an agile, ambiguous environmentExcellent analytical, strategic planning, problem resolution skillsAbility to translate sophisticated business problems into discrete quantifiable componentsExcellent oral and written communication skillsWhat you'll do:
Own the firm wide collateral management and monitoring framework Lead implementation of a centralized, holistic collateral management tool for inventory management, collateral optimization, and movementsOCC & NSCC clearing house subject matter expert: including collateral and cash requirement methodologies, research, forecasting and modelingUnderstanding of broker dealer segregation routinesOptimize collateral selections for liquidity and pledging purposes while collaborating with the securities lending groupsDevelop and publish dashboards and reporting that is readily available to team members and leadershipDrive automation of collateral and liquidity reporting and build robust analytics to support collateral pledging activitiesBroker dealer subject matter expert for items impacting liquidity, 15c3-3, and 15c3-1and segregations routinesMonitor assets pledged to our counterparties across all legal entitiesWork with cross functional teams to identify ways to reduce collateral requirementsIdentify and monitor assets that are unencumbered and available to be pledgedMonitor and ensure collateral availability to support secured funding activitiesAssist with booking trades and UAT testing in Calypso for the funding desk: commercial paper, internal/external repo, internal/external credit lines, and FHLB borrowingProvide ad hoc projects, primarily related to liquidity
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
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