Senior Manager - ALM Analytics
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 strategy, portfolio and brokered deposit notional investment allocation decisions, balance sheet modeling and analytics, market risk management, ALM derivatives, 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 $100 billion in off-balance-sheet brokered deposit agreement notional investments.
In this role you will be an individual contributor within the ALM team focused on Interest Rate Risk (IRR) measurement & monitoring, through Net Interest Income (NII) and Economic Value of Equity (EVE) sensitivity analyses.
You will have ownership for analytics, attribution, and automation for all IRR measurement & monitoring related to on-balance-sheet and off-balance-sheet exposures, including fixed-income investment portfolios, off-balance sheet brokered deposit notional investments, interest rate derivatives, and income modeling associated with all remaining components of the balance sheet.
You’ll collaborate with risk partners, product leaders and others across the firm while playing a key role in managing risk across the Schwab and the specific legal entities.
This is a role where you will be able to grow your expertise through consistent challenges with the backing of passionate leaders who will value your contributions and prioritize your development.
What you have
Required Qualifications
- Seven+ 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.
- An undergraduate degree
- Strong knowledge of Net Interest Income forecasting, NII and EVE sensitivity analyses at a large financial services institution.
- Proficiency with ALM software, such as: PolyPaths, QRM, or other NIR forecasting software required.
- Experience running a production IRR program, inclusive of: modeling the balance sheet, sensitivity and attribution analyses, reporting, and presentation.
- Enthusiasm to work in white space and the ability to create innovative analyses to help drive the strategy for the company.
- Strong fixed-income investment modeling and analytics knowledge.
Preferred Qualifications
- Strong preference for an advanced degree.
- Professional certification, such as CFA, FRM or PRM, preferred.
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
Required Qualifications
- Seven+ 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.
- An undergraduate degree
- Strong knowledge of Net Interest Income forecasting, NII and EVE sensitivity analyses at a large financial services institution.
- Proficiency with ALM software, such as: PolyPaths, QRM, or other NIR forecasting software required.
- Experience running a production IRR program, inclusive of: modeling the balance sheet, sensitivity and attribution analyses, reporting, and presentation.
- Enthusiasm to work in white space and the ability to create innovative analyses to help drive the strategy for the company.
- Strong fixed-income investment modeling and analytics knowledge.
Preferred Qualifications
- Strong preference for an advanced degree.
- Professional certification, such as CFA, FRM or PRM, preferred.
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.
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.