Fixed Income Trading Operations Senior Team Manager
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 Operational Services plays a critical role in helping clients achieve their financial goals. We are focused on partnering with clients and our business partners who support them to ensure every interaction with Schwab is simple and easy.
The Fixed Income Trading Operations Team Manager enables and helps the team deliver support to all our Fixed Income business partners, including Trading, Risk, Sales and Service, Settlements, P&S, external Contra dealers, Compliance, Technology partners, and other internal groups; and continue to build on and promote positive relationships within each of these groups and our Team. The position allows for active management and full engagement of the end-to-end operational flow throughout the life of an order/trade focusing on process improvement and problem resolution in a highly regulated environment.
The Fixed Income Trading Operations Team Manager requires a dynamic and engaged leader who can support, motivate, encourage, and develop a team with varied strengths. In this role, you will lead team members who are responsible for accurate, complete, and timely trade reporting to TRACE and MSRB, Treasury Auction processing, manual executions and/or trade adjustments, assist business partners with reconciliation / matching / settlement of trades and researching any applicable trade breaks, and trouble shoot and resolve ad hoc issues and projects. This is a fast paced, high volume, detail oriented, regulatory focused environment with various timely deadlines.
Key responsibilities may include:
- Overseeing the day-to-day responsibilities of the team by keeping a strong focus on managing regulatory risk to keep exposure to a minimum
- Align with business partners, management and technology to identify and report any issues and areas of potential risk discovered
- Collaborate with key Fixed Income business partners to improve business relationships and efficiency
- Troubleshoot impromptu issues which could include but not limited to trade reporting, Profit & Loss discrepancy, complex trade and settlement breaks, recuring trade errors, trade posting issues, etc.
- Identify, understand, prioritize and escalate any and all known technology issues or improvements, and ongoing monitoring, tracking, testing and confirmation of fixes
What you have
To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Required Qualifications:
- 5+ years of operational experience in the brokerage or financial services industry
- 2+ years of management experience
- Series 7 license
Preferred Qualifications:
- Series 24 license strongly preferred and Series 53 (and possibly 52 depending on timing of obtaining the 7) preferred. A condition of employment will be considered for the thes licenses for individuals with Fixed Income exprience.
- Experience and working knowledge of Fixed Income and industry regulations
- Proficient technical skills, including knowledge of Microsoft applications, specifically Excel
- Ability to think strategically beyond day-to-day operations and identify and optimize operational efficiencies or break down barriers the team is facing
- Knowledge and basic understanding of IDW/SQL/Tableau for data queries and data visualization
- Excellent analytical and critical thinking skills and the ability to effectively communicate clearly and concisely with all levels of employees within the organization
- Strong people skills with the ability to develop and grow working relationships with internal business partners
- Proven ability to embrace change and innovation
- Positive attitude with a focus on team orientation
- Desire to help and support individuals in developing their career
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
To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Required Qualifications:
- 5+ years of operational experience in the brokerage or financial services industry
- 2+ years of management experience
- Series 7 license
Preferred Qualifications:
- Series 24 license strongly preferred and Series 53 (and possibly 52 depending on timing of obtaining the 7) preferred. A condition of employment will be considered for the thes licenses for individuals with Fixed Income exprience.
- Experience and working knowledge of Fixed Income and industry regulations
- Proficient technical skills, including knowledge of Microsoft applications, specifically Excel
- Ability to think strategically beyond day-to-day operations and identify and optimize operational efficiencies or break down barriers the team is facing
- Knowledge and basic understanding of IDW/SQL/Tableau for data queries and data visualization
- Excellent analytical and critical thinking skills and the ability to effectively communicate clearly and concisely with all levels of employees within the organization
- Strong people skills with the ability to develop and grow working relationships with internal business partners
- Proven ability to embrace change and innovation
- Positive attitude with a focus on team orientation
- Desire to help and support individuals in developing their career
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.