Specialist, Trading & Trade Support
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.
Charles Schwab Investment Management (CSIM), the asset management arm of Charles Schwab Corporation, has over $300 Billion in assets under management (AUM) and is one of the nation’s largest retail money managers. CSIM provides a wide variety of products ranging from money market funds, index mutual funds, actively managed mutual funds, exchange traded funds and multi-asset fund-of-funds. As a provider of core investment products, CSIM is both an important enabler in fulfilling Schwab’s mission of helping everyone be financially fit and critical engine in the company’s profitability and growth.
The CSIM Trade Operations Team (TOPS) provides control and oversight to the portfolio managers (PMs) & traders as it relates to the daily trade processing, settlements and corporate actions on behalf of the Schwab mutual fund and exchange traded fund (ETF) products. We hold ourselves to the highest of standards, and strive to create a strong functional atmosphere in which our PMs and Traders can focus solely on making effective decisions for our funds and our clients.
Responsibilities for this role will include:
- Monitor and interpret new and updated corporate action announcements identified through the review of custodian websites and internal corporate action processing system
- Communicate all voluntary corporate action events to portfolio managers and work with them to obtain their elections
- Cash and position reconciliation.
- Trade confirmation, transmission, and settlement.
- Identifying, investigating and resolving trade, cash, and position issues.
- Communicating with and monitoring our external vendors (brokers, prime brokers, custodians, accountants, etc.) and internal partners.
- Ensuring data integrity and assisting with system maintenance.
- Assist in the completion of operational projects.
- Support management in his/her absence.
- Find efficiencies in our current workflow
- Liaison between operational teams
- Provide support for managers on critical issues
What you have
- Bachelor’s degree required
- 2-3 years corporate actions experience
- Familiarity with IHS Markit IMActions corporate action processing system preferred
- Experience with separately managed accounts and/or 40 ACT funds preferred
- Ability to work under pressure and within tight deadlines
- Familiarity with trading and settlement processes for equity, cash or fixed income instruments
- Demonstrate good judgment in selecting methods and techniques for obtaining solutions
- Ability to work independently – requiring minimal instruction on day-to-day work in operational processes
- Strong communication, teamwork, and relationship building skills
- Ability to identify and solve issues proactively and independently
- Ability to work a flex 8 hour schedule between 7:00am - 5:00pm CST
In addition to the salary range, this role 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 you are good at
What you have
- Bachelor’s degree required
- 2-3 years corporate actions experience
- Familiarity with IHS Markit IMActions corporate action processing system preferred
- Experience with separately managed accounts and/or 40 ACT funds preferred
- Ability to work under pressure and within tight deadlines
- Familiarity with trading and settlement processes for equity, cash or fixed income instruments
- Demonstrate good judgment in selecting methods and techniques for obtaining solutions
- Ability to work independently – requiring minimal instruction on day-to-day work in operational processes
- Strong communication, teamwork, and relationship building skills
- Ability to identify and solve issues proactively and independently
- Ability to work a flex 8 hour schedule between 7:00am - 5:00pm CST
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
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.