Director, Trading Operations

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 Director, Clearing & Settlement Modernization and Transformation Strategy leads the strategic transformation of Clearing & Settlement to support business growth, scalability, risk reduction, and operational excellence. The role is accountable for developing and executing modernization strategies that eliminate legacy dependencies, streamline end-to-end processes, and enable the clearing and settlement of current and future products and services.

This is a newly created role. The Director will serve as the strategic and execution partner to the Clearing & Settlement leadership team, taking on much of the cross-functional program leadership, business case development, and strategy work that directors have carried alongside daily production. The Director will lead or support the organization’s most significant enterprise initiatives, including Broker Dealer Modernization (BDM), DTCC and OCC Modernization, Long/Short Strategy,  Options Overlay Strategy, Binary Options, CSIM initiatives, and Collateral Optimization, while ensuring the organization stays ready for evolving business, regulatory, market-structure, and client demands within a strong control environment.

What you'll do:

• Own the Clearing & Settlement modernization roadmap: Define, sequence, and maintain one integrated transformation roadmap across all Clearing & Settlement units, aligned with firm strategy and enterprise priorities.
• Lead strategic programs: Serve as the Clearing & Settlement lead for major enterprise initiatives such as BDM, Long/Short Strategy, CSIM projects, and Collateral Optimization.
• Extend the directors’ capacity: Partner closely with the four Clearing & Settlement Directors to take on program leadership, requirements, business cases, and executive reporting so they can stay focused on running stable, well-controlled daily operations.
• Design the future-state operating model: Establish future-state operating models and target-state processes that improve scalability, resiliency, straight-through processing, and consistency.
• Build and grow a modernization discipline, processes and roadmap ownership: Build the Modernization & Transformation function over time, including hiring and developing a Senior Specialist, IT Product Management.

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.

Required Qualifications:

• 7+ years of experience in brokerage operations, clearing, settlement, securities lending, collateral management, or a related financial-services operations environment, including significant experience leading transformation programs.
• Bachelor’s degree required; degree in Business, Finance, Economics, or a related field preferred. MBA or related graduate degree and PMP, Agile, or other project/product management certification are a plus.

Preferred Qualifications: 

• FINRA licensing is not required for this role; Series 7 is preferred.
• Demonstrated success leading large-scale business and technology transformation initiatives.
• Deep understanding of clearing-firm operations and industry infrastructure, including trade processing, settlement, options, securities lending, collateral and funding, and books and records.
• Experience developing future-state operating models, modernization roadmaps, and enterprise business cases.
• Strong ability to influence senior leaders and drive alignment across complex organizational structures.
• Proven track record of balancing innovation, operational excellence, regulatory compliance, and risk management.
• Exceptional communication, executive presence, stakeholder management, and change leadership skills.
• Working knowledge of OCC, DTCC, NSCC, FICC, and related clearing, settlement, and collateral platforms preferred.

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