Sr Specialist – Balance Sheet Forecasting & 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 Treasury Capital Markets (TCM) function within Corporate Treasury manages fixed-income investments in several portfolios totaling over $350 billion in balance sheet assets primarily for the benefit of Charles Schwab Corporation and its banking and broker-dealer subsidiaries.
As an individual contributor within the TCM Asset & Liability Management (ALM) Analytics team you will play a key role in the processing of modeling Net Interest Income (NII) generated by the assets and liabilities on the balance sheets of the Corporation and affiliates under specified economic scenarios, for monthly forecasting purposes and for Capital Stress Test scenarios for CCAR and DFAST compliance.
In this role, you will be an individual contributor in the NIR forecasting function with the opportunity to partner with other teams in ALM to continue transforming the forecasting function into a strategic tool to be used to optimize the balance sheet and inform investment decisions, seek learning and development opportunities, and contribute to several ALM and Balance Sheet Management objectives.
The candidate for this function should demonstrate analytical and modeling skills, technical proficiency, a desire to learn and develop new concepts/skills, ability to take initiative to improve analytics and operational processes, as well as develop new ideas.
What you have
A minimum of 2+ years of experience in ALM, Treasury, Internal Audit, Model Risk Management, Capital Markets, Market Risk, Liquidity Risk, Capital Planning, Forecasting, FP&A, or other quantitative financial functions
Bachelor's degree required. Master's degree preferred. Degrees in Finance or quantitative field preferred
Strong desire to develop and learn new financial and technical concepts and skills
Experience with balance sheet projection tools, treasury systems, risk platforms, forecasting applications, or analytical modeling environments preferred
Experience using analytical tools such as Python, SQL, Excel, Power BI, Tableau, or Financial AI tools preferred
Exposure to balance sheet management, treasury risk, market risk, liquidity risk, capital planning, fixed-income analytics, or forecasting activities
Enthusiasm to work in white space and the ability to create innovative analyses to help drive the strategy for the company
Ability to multi-task while maintaining composure in a potentially stressful environment
Excellent written and oral communication skills
Strong attention to detail will be critical to success in this role
Ability to handle large data sets
What you'll do:
Build, maintain, review, validate, or enhance simulation models used in balance sheet forecasting, NIR forecasting, capital planning, liquidity analysis, or stress testing
Accurately model all balance sheet items and suggest improvements where necessary
Continually seek process improvement and pursue efficiency through automation
Provide complex financial analysis and modeling support on ad-hoc basis and support development of new ALM reporting, risk dashboards and analytics
Apply strategic thinking and transform the forecasting process into a strategic tool that can be used to optimize the investment portfolio and balance sheet risk profile
Demonstrate strong presentation skills, in order to accurately communicate strategic results and answer questions on output.
Generate timely and accurate reporting of the results. Present and communicate scenario results to senior management on a regular basis
Support ALM strategy by leveraging existing capabilities, tools, and reports, and by developing new capabilities, tools, and reports
Identify areas of improvement in the operational and analytical/modeling processes and take initiative to improve/automate such processes in collaboration with other ALM units
Collaborate with key business partners, including capital markets, finance, risk management, model validation, and audit to streamline processes and improve fidelity of the forecast
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
A minimum of 2+ years of experience in ALM, Treasury, Internal Audit, Model Risk Management, Capital Markets, Market Risk, Liquidity Risk, Capital Planning, Forecasting, FP&A, or other quantitative financial functions
Bachelor's degree required. Master's degree preferred. Degrees in Finance or quantitative field preferred
Strong desire to develop and learn new financial and technical concepts and skills
Experience with balance sheet projection tools, treasury systems, risk platforms, forecasting applications, or analytical modeling environments preferred
Experience using analytical tools such as Python, SQL, Excel, Power BI, Tableau, or Financial AI tools preferred
Exposure to balance sheet management, treasury risk, market risk, liquidity risk, capital planning, fixed-income analytics, or forecasting activities
Enthusiasm to work in white space and the ability to create innovative analyses to help drive the strategy for the company
Ability to multi-task while maintaining composure in a potentially stressful environment
Excellent written and oral communication skills
Strong attention to detail will be critical to success in this role
Ability to handle large data sets
What you'll do:
Build, maintain, review, validate, or enhance simulation models used in balance sheet forecasting, NIR forecasting, capital planning, liquidity analysis, or stress testing
Accurately model all balance sheet items and suggest improvements where necessary
Continually seek process improvement and pursue efficiency through automation
Provide complex financial analysis and modeling support on ad-hoc basis and support development of new ALM reporting, risk dashboards and analytics
Apply strategic thinking and transform the forecasting process into a strategic tool that can be used to optimize the investment portfolio and balance sheet risk profile
Demonstrate strong presentation skills, in order to accurately communicate strategic results and answer questions on output.
Generate timely and accurate reporting of the results. Present and communicate scenario results to senior management on a regular basis
Support ALM strategy by leveraging existing capabilities, tools, and reports, and by developing new capabilities, tools, and reports
Identify areas of improvement in the operational and analytical/modeling processes and take initiative to improve/automate such processes in collaboration with other ALM units
Collaborate with key business partners, including capital markets, finance, risk management, model validation, and audit to streamline processes and improve fidelity of the forecast
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!
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