Senior Manager
4 weeks ago
About the Role
At Charles Schwab, we're committed to empowering our employees' personal and professional success. We're seeking a highly skilled Senior Manager to join our Asset Liability Management (ALM) team within our Corporate Treasury department.
The ideal candidate will have 7+ years of experience in treasury, finance, ALM, and/or related interest rate risk oversight roles, with a strong background in interest rate risk management and ALM concepts. They will be responsible for leading the development and ongoing management of a new 1LOD interest rate risk policy, framework, and limit structure, as well as recommending balance sheet positioning and hedging strategies that align with the interest rate risk framework.
Key Responsibilities
- Develop and manage a new 1LOD interest rate risk policy, framework, and limit structure, including justification of key metrics and demonstration to key stakeholders, regulators, and business partners.
- Evaluate exposures based on simulation analyses and other key risk metrics, and regularly assess IRR measurement methodologies and assumptions and their impacts on exposures.
- Recommend balance sheet positioning and hedging strategies that align with the interest rate risk framework.
- Support robust IRR governance through continued engagement with 2LOD and 3LOD stakeholders to monitor the IRR framework and recommend changes to limit structures as needed.
What We Offer
At Charles Schwab, we offer a competitive benefits package that takes care of the whole you, both today and in the future. This includes 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, and health, dental, and vision insurance.
Requirements
- 7+ years of experience in treasury, finance, ALM, and/or related interest rate risk oversight roles.
- Demonstrated proficiency with interest rate risk in the banking book best practices and ALM concepts.
- Strong knowledge of prudential regulations for liquidity, capital, and interest rate risk.
- Experience with PolyPaths, QRM, or other ALM modeling software required.
Preferred Qualifications
- Enthusiasm to work in white space and the ability to create innovative analyses to help drive ALM strategy for the company.
- Strong fixed-income investment modeling and analytical skills with a high-level attention to detail.
- Ability to multi-task on multiple projects and deliverables while remaining calm in a potentially stressful environment.
- Possess emotional intelligence and executive presence with excellent written and oral communication.
- Professional certification, such as CFA, FRM, or PRM, preferred.
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