Senior Manager, Alternative Investment Lending Analyst
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. Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.
This role offers a unique opportunity to work at the intersection of alternative investments, credit risk, and high‑net‑worth lending, supporting the growth of innovative lending solutions.
We are seeking an Alternative Investment Lending Analyst to support the underwriting, collateral review, and ongoing risk assessment of loans secured by non‑traditional and illiquid assets. This role will focus on evaluating alternative investment collateral—including private company stock, alternative investment funds, and structured notes—and supporting credit decisions for high‑net‑worth borrowers.
The analyst will work closely with credit, risk, legal, and product partners to assess collateral eligibility, inform advance rates, and support the development of scalable underwriting and monitoring frameworks for alternative asset‑backed lending programs
What you will do:
Analyze and assess alternative investment collateral, including:
- Private equity, private credit, real estate, and other alternative investment funds
- Structured notes and other complex structured products
- Private, restricted, or closely‑held stock
Review offering documents (e.g., PPMs, subscription agreements, indentures) to evaluate:
- Asset structure, liquidity, leverage, and valuation methodology
- Transfer restrictions, pledgeability, and control considerations
- Sponsor quality and governance features
- Provide written credit analysis on alternative investment collateral
Support underwriting of high‑net‑worth borrowers, including analysis of:
- Borrower liquidity, net worth, and repayment capacity
- Concentration risk and portfolio diversification
Assist in determining appropriate advance rates and risk mitigants based on:
- Asset volatility and liquidity
- Borrower strength and overall collateral mix
Support post‑origination monitoring of alternative collateral, including:
- Periodic valuation reviews
- Sponsor or structure changes
- Concentration and exposure tracking
What you have
Required Qualifications:
5+ years of experience in one or more of the following:
- Alternative investment analysis (PE, private credit, real assets, hedge funds)
- Credit underwriting or risk management
- Wealth management, private banking, or HNW lending
Hands‑on experience reviewing alternative investment structures and documentation
Familiarity with lending to high‑net‑worth borrowers and assessing borrower financial strength
Strong understanding of:
- Alternative asset liquidity, valuation, and risk characteristics
- Credit fundamentals and underwriting principles
Ability to synthesize complex legal and financial documents into clear risk assessments
Strong written and verbal communication skills, particularly for credit memos and stakeholder discussions
Detail‑oriented with sound judgment in evaluating non‑standard risks
Exposure to collateralized lending or asset‑backed credit
Preferred Qualifications:
CFA designation or progress toward CFA (a plus, not required)
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:
5+ years of experience in one or more of the following:
- Alternative investment analysis (PE, private credit, real assets, hedge funds)
- Credit underwriting or risk management
- Wealth management, private banking, or HNW lending
Hands‑on experience reviewing alternative investment structures and documentation
Familiarity with lending to high‑net‑worth borrowers and assessing borrower financial strength
Strong understanding of:
- Alternative asset liquidity, valuation, and risk characteristics
- Credit fundamentals and underwriting principles
Ability to synthesize complex legal and financial documents into clear risk assessments
Strong written and verbal communication skills, particularly for credit memos and stakeholder discussions
Detail‑oriented with sound judgment in evaluating non‑standard risks
Exposure to collateralized lending or asset‑backed credit
Preferred Qualifications:
CFA designation or progress toward CFA (a plus, not required)
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.