Senior Manager Intraday Liquidity
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 Liquidity and Funding Management group within Treasury handles liquidity and funding planning across the corporation and its subsidiaries, including our bank and broker-dealers. We monitor and ensure adherence to regulatory ratios including the Liquidity Coverage Ratio (LCR) and associated public disclosures, Net Stable Funding Ratio (NSFR), FR 2052a Liquidity Monitoring Report. We also develop tools to assist our business partners in analyzing the liquidity impacts of business decisions. We work with our second line partners to assist in the development of robust contingency liquidity analyses and plans to help identify emerging risks. This group is responsible for the design of company liquidity management policies, ensuring compliance at all times, and escalating issues to senior management as necessary. We work with internal and external partners on multiple ongoing examinations and audits of liquidity practices. This is an individual contributor role within the Funding Management group
What you have
- Bachelor’s degree required; MBA preferred
- CFA, CPA or FRM professional designation preferred
- 5+ Years in finance with 3+ years of experience managing Intraday Liquidity Risk for a Category IV or larger financial institution
- Demonstrated detailed knowledge of finance
- Deep knowledge of broker / dealer liquidity requirements (series 27 preferred)
- Deep knowledge of bank liquidity requirements
- Experienced with treasury functions including debt and capital instruments
- Experienced with sweep deposit programs.
- Experienced with financial systems and financial data
- Excellent analytical, strategic planning, problem resolution skills
- Ability to translate sophisticated business problems into discrete quantifiable components
- Excellent oral and written communication skills
What you'll do:
- Responsible for the firm wide intraday liquidity management framework
- Design and implement monitoring metrics and reports on intraday liquidity
- Identify intraday cash flow patterns and drivers and collaborate with cross functional teams on optimization
- Partner with the Cash Management team to automate and enhance intraday liquidity monitoring practices
- Monitor customer trading activities and option trading and proactively identify emerging intraday liquidity risks
- Remain abreast of the macro-economic environment, funding markets, and regulatory guidelines
- Assist in optimizing intercompany funding venues to deploy liquidity efficiently across the organization
- Assist with booking trades for the funding desk: commercial paper, internal/external repo, internal/external credit lines, and FHLB borrowing
- Prepare and review ALCO, senior management, and Board committee materials
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
- Bachelor’s degree required; MBA preferred
- CFA, CPA or FRM professional designation preferred
- 5+ Years in finance with 3+ years of experience managing Intraday Liquidity Risk for a Category IV or larger financial institution
- Demonstrated detailed knowledge of finance
- Deep knowledge of broker / dealer liquidity requirements (series 27 preferred)
- Deep knowledge of bank liquidity requirements
- Experienced with treasury functions including debt and capital instruments
- Experienced with sweep deposit programs.
- Experienced with financial systems and financial data
- Excellent analytical, strategic planning, problem resolution skills
- Ability to translate sophisticated business problems into discrete quantifiable components
- Excellent oral and written communication skills
What you'll do:
- Responsible for the firm wide intraday liquidity management framework
- Design and implement monitoring metrics and reports on intraday liquidity
- Identify intraday cash flow patterns and drivers and collaborate with cross functional teams on optimization
- Partner with the Cash Management team to automate and enhance intraday liquidity monitoring practices
- Monitor customer trading activities and option trading and proactively identify emerging intraday liquidity risks
- Remain abreast of the macro-economic environment, funding markets, and regulatory guidelines
- Assist in optimizing intercompany funding venues to deploy liquidity efficiently across the organization
- Assist with booking trades for the funding desk: commercial paper, internal/external repo, internal/external credit lines, and FHLB borrowing
- Prepare and review ALCO, senior management, and Board committee materials
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.