Manager - ALM Strategy
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.
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 plus
- Experience 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 banks
- Play 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 measurement
- Assist in the daily positioning of investment portfolio planning, including excess reserve targets and operating levels, LCR application, and investment portfolio optimization
- Support the forecasting, planning, and analysis needs of the ALM forecasting team, including partnership in modeling NIM optimization and stabilization strategies
- Assist in the decomposition of net interest margin and net interest revenue, including drivers, risks and reward measurement, and NIM profile
In addition to the salary range, this position 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
- 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 plus
- Experience 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 banks
- Play 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 measurement
- Assist in the daily positioning of investment portfolio planning, including excess reserve targets and operating levels, LCR application, and investment portfolio optimization
- Support the forecasting, planning, and analysis needs of the ALM forecasting team, including partnership in modeling NIM optimization and stabilization strategies
- Assist in the decomposition of net interest margin and net interest revenue, including drivers, risks and reward measurement, and NIM profile
In addition to the salary range, this position 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.
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