Sr Manager, Treasury Capital Markets - Interest Rate Derivatives, Hedging, and BDA Management (PL)

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 Balance Sheet Strategy team within Corporate Treasury leads firm-wide balance sheet management strategy, investment allocation and portfolio optimization, market risk management, funds transfer pricing (FTP), asset/liability management (ALM) derivatives hedging, and rates and funding execution. The team manages fixed-income investment portfolios across several legal entities totaling more than $250B and executes cash optimization and wholesale funding actions supporting approximately $500B of total balance sheet assets. We also oversee off-balance-sheet derivatives portfolios, including ~$60B notional for interest rate risk (IRR) management and ~$75B in brokered deposit agreement notional investments.

This Senior Manager (people leader) role reports to the Director, Head of Rates Desk. You will lead a team of traders responsible for Corporate Treasury’s derivatives hedging program and management of third-party bank deposit account (BDA) sweep notional investments —supporting ALM objectives and mitigating interest rate risk arising from normal business activities across the firm.

You will shape and execute hedging strategy; oversee daily trade execution; lead system implementation and testing; partner on hedge accounting (GAAP/ASC 815); and enhance reporting, controls, and governance. You will collaborate closely across Treasury and key partners including investment portfolio and funding traders, Financial Risk Management, Corporate Controllers, Technology, and Internal Audit. As Corporate Treasury expands derivatives capabilities, you will help implement new hedging strategies and ALM initiatives while ensuring disciplined execution in a controlled environment across multiple legal entities.

You’ll deepen your expertise through a steady stream of complex, real-time market and balance sheet challenges—supported by leaders who value your contributions and invest in your development.

Key responsibilities:

• Lead a team of traders executing derivatives and BDA investments used to hedge interest rate risk and support ALM outcomes across multiple legal entities and Treasury constraints; establish rigorous controls and documentation to ensure accuracy and coverage across instruments.
• Analyze rates markets and partner with Treasury stakeholders to assess structural interest rate risk exposures; design and recommend hedges using swaps, caps, floors, collars, spreads, and swaptions.
• Lead implementation of ALCO-approved enhancements to hedging capabilities, including expanded non-linear strategies, enhanced use of the Portfolio Layer Method, and hedges of FX exposure.
• Build and maintain street facing relationships with external counterparties to support best execution and consistent access to liquidity across market environments.
• Manage and monitor Schwab’s interest rate derivatives portfolio, BDA investments and hedge strategies to optimize risk and profitability objectives; partner with Corporate Controllers to support appropriate GAAP hedge accounting (ASC 815).
• Develop analytics and reporting to manage hedge performance and exposures with an emphasis on automation; help configure and enhance front-office systems used for derivatives position management and hedge accounting workflows.
• Partner with Treasury teams to optimize overall ALM positioning and manage ongoing financial risks consistent with the firm’s strategic goals and risk appetite.
• Serve as a technical resource to Treasury and business partners on hedging impacts to fixed income portfolios, client lending, funding, and other off-balance-sheet exposures.

What you have

Required Qualifications:

• 8+ years of experience in Treasury, Finance, and/or ALM, with progressively increasing responsibility, including 5+ years at an institution of similar size and complexity to Charles Schwab.
• Bachelor’s degree in Finance, Economics, Mathematics, or a related field.
• Strong knowledge of interest rate derivatives markets, conventions, and industry standards, including experience executing derivative transactions and applying hedge accounting.
• Experience developing and executing interest rate hedging strategies, including building and maintaining external counterparty relationships for pricing and execution.
• Strong understanding of fixed income concepts and linear and non-linear derivatives risk.
• Active interest in macro and market developments across rates, swaps, and volatility—and the ability to translate those developments into recommendations aligned to Treasury constraints and trade-offs.
• Working knowledge of key Treasury/ALM concepts across interest rate, liquidity, and capital risk, including relevant prudential regulations and supervisory processes for institutions of similar size and complexity.
• Familiarity with derivatives clearing, counterparty risk, and collateral management across financial instruments.
• Emotional intelligence and executive presence, with strong written and verbal communication skills to build materials and facilitate strategic decisions on balance sheet management.
• Experience with Calypso or similar Treasury Management Systems (preferred).
• Proficiency with Bloomberg, including core derivatives functions needed to operate in a fast-paced market environment.
• Proven ability to manage multiple high-priority initiatives under time pressure while maintaining composure.

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