Director, Treasury Market Risk
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 $200 billion, with approximately $480 billion in total balance sheet assets and $85 billion in off-balance-sheet brokered deposit agreement notional investments. The ALM responsibilities roll up to our Treasury Capital Markets (TCM) organization, which includes: ALM, fixed income investing and other balance sheet modeling activities.
Reporting to the Managing Director, Balance Sheet Forecasting and Market Risk, you will lead a team focused on Interest Rate Risk (IRR) measurement & monitoring, through Net Interest Income (NII) and Economic Value of Equity (EVE) sensitivity analyses.
Your team 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 will be responsible for monthly production results that are presented at Asset Liability Committee (ALCO) and ad hoc analyses measuring the IRR impact of various balance sheet strategies and movements in market rates.
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:
- 10+ 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.
- 3+ years of people leadership including overseeing diverse teams and motivating employees to achieve both tactical and strategic delivery goals. Must have direct people management experience, have hired, written performance appraisals, etc.
- Deep expertise with market risk frameworks and regulatory liquidity requirements. Successful history leading and delivering forecasting functions in mission critical environments.
- Strong knowledge of Net Interest Income forecasting, NII and EVE sensitivity analyses at a large financial services institution. Inclusive of strategies to manage the IRR position.
- Proficiency with ALM software, such as PolyPaths or QRM, is required.
- Experience running a production IRR program, inclusive of: modeling the balance sheet, sensitivity and attribution analyses, reporting, presentation and ad hoc analyses.
- Enthusiasm to work in white space and the ability to create innovative analyses and analytics to help drive the strategy for the company.
- Strong fixed-income investment modeling and analytics knowledge.
- Bachelor’s degree required. Master’s degree preferred.
Preferred:
- Experience building credibility and confidently conveying information with authority when articulating how balance sheet and market risk are being managed by the Firm.
- Experience conveying complex concepts through various mediums in relatable terms and anchored in business meaning across various use cases. Proven adaptability to changing market conditions and making appropriate decisions to ensure accurate results and strategy are developed and maintained.
- Proven track record of shaping strategy and leading with influence.
- Successful history of building and cultivating strong authentic relationships with internal/external business partners.
- 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:
- 10+ 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.
- 3+ years of people leadership including overseeing diverse teams and motivating employees to achieve both tactical and strategic delivery goals. Must have direct people management experience, have hired, written performance appraisals, etc.
- Deep expertise with market risk frameworks and regulatory liquidity requirements. Successful history leading and delivering forecasting functions in mission critical environments.
- Strong knowledge of Net Interest Income forecasting, NII and EVE sensitivity analyses at a large financial services institution. Inclusive of strategies to manage the IRR position.
- Proficiency with ALM software, such as PolyPaths or QRM, is required.
- Experience running a production IRR program, inclusive of: modeling the balance sheet, sensitivity and attribution analyses, reporting, presentation and ad hoc analyses.
- Enthusiasm to work in white space and the ability to create innovative analyses and analytics to help drive the strategy for the company.
- Strong fixed-income investment modeling and analytics knowledge.
- Bachelor’s degree required. Master’s degree preferred.
Preferred:
- Experience building credibility and confidently conveying information with authority when articulating how balance sheet and market risk are being managed by the Firm.
- Experience conveying complex concepts through various mediums in relatable terms and anchored in business meaning across various use cases. Proven adaptability to changing market conditions and making appropriate decisions to ensure accurate results and strategy are developed and maintained.
- Proven track record of shaping strategy and leading with influence.
- Successful history of building and cultivating strong authentic relationships with internal/external business partners.
- 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!
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