Associate, Cash Operations
Your Opportunity
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. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified locations.
Charles Schwab Trust Bank provides trust, custody, trading, and technical services to retirement plan sponsors, advisors, and their agents. Cash Operations’ goal is to meet the needs of CSTB by providing superior client service as it relates to the processing of incoming and outgoing cash activity and all associated regulatory reporting. Specifically, the Distributions Team is responsible for the fulfillment of disbursements and distributions (including returned/rejected payments), facilitating and complying with OFAC requirements, completing special handling requests, processing incoming mail, and effectively communicating with various departments daily. We also manage relationships with internal business partners, maintain and test various internal and vendor-supplied systems, and ensure absolute compliance with all governing regulations and requirements. Our primary objective is to successfully process significant cash activity, in accordance with client directives, while maintaining proper controls to mitigate risk to the firm.
What you will do:
Charles Schwab Trust Bank provides trust, custody, trading, and technical services to retirement plan sponsors, advisors, and their agents. Cash Operations’ goal is to meet the needs of CSTB by providing superior client service as it relates to the processing of incoming and outgoing cash activity and all associated regulatory reporting. Specifically, the Distributions Team is responsible for the fulfillment of disbursements and distributions (including returned/rejected payments), facilitating and complying with OFAC requirements, completing special handling requests, processing incoming mail, and effectively communicating with various departments daily. We also manage relationships with internal business partners, maintain and test various internal and vendor-supplied systems, and ensure absolute compliance with all governing regulations and requirements. Our primary objective is to successfully process significant cash activity, in accordance with client directives, while maintaining proper controls to mitigate risk to the firm.
What you have
The following attributes are keys to success in this role:
- Elevated level of attention to detail and ability to work under pressure is required as errors and omissions can have significant financial risk.
- Monitoring assigned tasks from within a functional mailbox in a manner that meets or exceeds SLA’s.
- Ability to comply with department deadlines.
- Strong organizational skills and ability to prioritize and coordinate multiple processes.
- Ability to communicate professionally and clearly.
- Ability to work and learn in a high volume, fast paced, collaborative environment.
- Advanced knowledge of Microsoft applications including but not limited to Excel, Outlook, and Word.
- Thirst for growth and continual learning and development opportunities.
- Ability to multitask while maintaining flexibility to meet operational need.
- Participate in a fostering positive and cohesive work environment that promotes employee engagement.
Required Licenses: None
Physical Requirements: Work is primarily sedentary in nature; no special demands are required. This job does require in office activity daily which includes opening returned mail and handling/sorting physical checks.
**This position may require overtime during critical production periods. **
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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 you are good at
What you have
The following attributes are keys to success in this role:
- Elevated level of attention to detail and ability to work under pressure is required as errors and omissions can have significant financial risk.
- Monitoring assigned tasks from within a functional mailbox in a manner that meets or exceeds SLA’s.
- Ability to comply with department deadlines.
- Strong organizational skills and ability to prioritize and coordinate multiple processes.
- Ability to communicate professionally and clearly.
- Ability to work and learn in a high volume, fast paced, collaborative environment.
- Advanced knowledge of Microsoft applications including but not limited to Excel, Outlook, and Word.
- Thirst for growth and continual learning and development opportunities.
- Ability to multitask while maintaining flexibility to meet operational need.
- Participate in a fostering positive and cohesive work environment that promotes employee engagement.
Required Licenses: None
Physical Requirements: Work is primarily sedentary in nature; no special demands are required. This job does require in office activity daily which includes opening returned mail and handling/sorting physical checks.
**This position may require overtime during critical production periods. **
#SchwabBTSjobs
Why Schwab?
At Schwab, “Own Your Tomorrow” embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. We’re a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
Hear from employees: What’s it like to work at Schwab!
The benefits of working at Schwab : a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. (Please click here to see policy.)
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.