Manager, Fund Services and Custody 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.
Schwab Asset Management (SAM) is the asset management arm of the Charles Schwab Corporation. SAM delivers a wide variety of products including mutual funds, exchange-traded funds (ETFs), money market funds, collective investment trusts (CITs), and Separately Managed Accounts (SMAs). The overall SAM team embodies our firm’s commitment to providing client-centric solutions that help Schwab clients achieve their financial goals.
It is the goal of the SAM Fund Services team to actively contribute to the success of our proprietary mutual funds and ETFs, and bank collective trust funds. The Manager position within Fund Services will play an important role in the day-to-day oversight of custody operations. The Manager will also be an integral part of the broader organization by not only ensuring accuracy of work, but also through open communication and collaboration within a dynamic team.This will be an individual contributor role and will report to a Senior Manager People Leader on the team.
Primary responsibilities of the Manager, Fund Services include, but are not limited to:
- Preparation, review, and coordination with global custodians and internal partners on the execution of varying global market documentation, including but not limited to the following:
- Subcustodian account opening documentation for 40 Act mutual funds and ETFs in various markets
- Submission and maintenance of global tax forms and proxy voting Power of Attorney documentation
- Daily review of global market updates and timely dissemination of information to Portfolio Managers, Traders, Middle Office, Fund Accounting, Tax, and Valuation teams. Ability to analyze applicability of information to our funds and clarify with custodians questions as they arise
- Follow up on cash and share reconciliation exceptions, failed trade settlement, and outstanding corporate actions
- Facilitate various aspects of the onboarding and maintenance of third-party Repurchase agreements, including contract negotiations, annual counterparty reviews, weekly and monthly meetings.
- Substantial security ownership monitoring and reporting for the Schwab funds, ETFs, and SMAs
- Fund liquidity, TMPG and ETF collateral oversight
- Proxy voting oversight and related regulatory filing requirements
What you have
Required Qualifications:
- Bachelor’s degree required (Degree in Business, Finance, or Economics highly preferred)
- Minimum 3 years of experience within the Financial Services industry, particularly in the Mutual Fund/ETF space
Preferred Qualifications:
- Experience with global market account applications/documentation for 40 Act mutual funds
- Strong organizational skills with the ability to balance competing priorities in adherence to strict timeframes and deadlines
- Demonstrated problem solving skills
- Proven verbal communication and presentation skills and ability to interact with all levels in the SAM Fund Administration teams and with other external/internal partners
- Strong attention to details
- Drive and skillset to identify areas of opportunity and implement effective change and automation
- Ability to work independently and with a team on executing risk and control oversight of internal and vendor processes, while ensuring deadlines are met, data is accurate, and the end-product adds value
- Willingness to think outside the box and challenge assumptions in the spirit of creating efficiencies
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
What’s in it for you
At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. 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
Required Qualifications:
- Bachelor’s degree required (Degree in Business, Finance, or Economics highly preferred)
- Minimum 3 years of experience within the Financial Services industry, particularly in the Mutual Fund/ETF space
Preferred Qualifications:
- Experience with global market account applications/documentation for 40 Act mutual funds
- Strong organizational skills with the ability to balance competing priorities in adherence to strict timeframes and deadlines
- Demonstrated problem solving skills
- Proven verbal communication and presentation skills and ability to interact with all levels in the SAM Fund Administration teams and with other external/internal partners
- Strong attention to details
- Drive and skillset to identify areas of opportunity and implement effective change and automation
- Ability to work independently and with a team on executing risk and control oversight of internal and vendor processes, while ensuring deadlines are met, data is accurate, and the end-product adds value
- Willingness to think outside the box and challenge assumptions in the spirit of creating efficiencies
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.