Sr Manager, Margin Services

Your Opportunity

Schwab remains committed to providing increased visibility to career growth opportunities and job requirements. This posting announcement is part of increased transparency and while all qualified applicants will be reviewed and considered, this organization has a preferred candidate identified for this role.

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.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

The Margin Services, Sr. Manager, is a confident individual with an exceptional understanding of equities, options, and futures markets. The position requires a conversive operations and risk manager that anticipates trading and margin risk, acts accordingly to mitigate this risk, and is prepared to explain decision-making to team members, management, and clients via phone, email, and IM. This role will focus on managing day-to-day operational and risk management activities including maintenance deficiencies and risk situations, as well as developing leadership skills and coaching/mentoring teammates. This role is also expected to materially contribute to setting department policies and procedures that align with the current regulatory market environment/rules. Also, the candidate is expected to clearly report concerning trading conditions, outsized risk in our option book, macroeconomic event impacts, and general market outlook to senior leadership. In addition, the candidate will be expected to help the legal team with all matters relating to an arbitration; from assisting with the preparation of documents, to helping identify the best strategy that will provide the firm the highest probability of success and being called as an expert witness.

What you have

To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

This is a very fast paced, high volume environment requiring the ability think and decide quickly, while balancing customer and internal expectations in order to be successful. The ideal candidate should have unparalleled communication skills, being able to explain complex topics to a variety of audiences of varying sophistication in a way that is easily understood.

Required Qualifications:

• 5+ years of experience in Margin Services and/or front-line risk environment dealing specifically with Portfolio Margin accounts 
• Series 7, 63, and 3 required
• Thorough understanding of Regulation T, Portfolio Margin, and futures accounts (margin requirements and risk profiles)

Preferred Qualifications: 

• Series 24/4 or 9/10
• Demonstrated equity, options and futures market experience. Additional experience working in a professional trading or risk environment
• Understanding of Margin Services workflows across all margin methodologies
• Prior experience working with legacy SCHW and TD volatility models
• Developed volatility curves and adjusted model inputs based on market conditions in a professional trading environment
• Has been called to testify during arbitration or help the legal team prepare documents to be used during arbitration
• Excellent time management, organizational skills and ability to set priorities and proactively tackle issues in a dynamic, multi-tasking environment; an ability to reprioritize on short notice and the willingness to make difficult risk decisions
• Flexible with regard to both schedule and role as both may change with little notice in response to market performance and volatility, including outside normal business hours
• Strong interpersonal skills with the ability to develop and grow working relationships with internal and external clients
• Excellent analytical and influencing skills with the ability to think creatively and offer solutions that benefit the employees, clients, and firm
• Ability to identify and mitigate risk by adhering to department and firm policies and procedures
• Ability to think strategically beyond day to day risk functions, with an eye toward process and system improvements that make risk management more transparent and approachable
• Bachelor’s degree preferred
• Experience managing complex client interactions by phone

In addition to the salary range, this role is also eligible for bonus or incentive opportunities