Senior Manager Accounting - Investments and Borrowings

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.

This highly visible people leadership role offers a unique opportunity for an experienced accounting professional to lead the team responsible for Schwab’s investment and borrowing accounting activities, helping shape the accounting, control, and reporting framework for significant areas of Schwab’s balance sheet and major drivers of the Company’s financial results. The role partners closely with leaders across Treasury Capital Markets, Accounting Policy, Regulatory Reporting, SEC Reporting, technology teams, and external advisors, with direct exposure to complex securities, funding, and other borrowing activities. The position will also play an important role in the continued optimization of Schwab’s treasury platform supporting capital markets activity in securities and borrowings. This is an opportunity to lead meaningful work at scale, influence key accounting outcomes, and build, coach, and develop a strong team supporting critical business activities.

What you’ll do:

• Serve as the accounting lead for borrowing activities, including partnering with Accounting Policy and Treasury on the application of technical accounting guidance to repurchase agreements, FHLB and Federal Reserve funding sources, and other secured and unsecured borrowings.
• Oversee the accounting and control environment for available-for-sale and held-to-maturity securities, including close activities, analysis, reconciliations, and reporting support.
• Partner with Treasury and liquidity teams on funding initiatives, including repurchase agreements, FHLB and Federal Reserve funding sources, and other balance sheet management activities.
• Provide clear, well-supported responses to questions from SEC Reporting, Regulatory Reporting, Accounting Policy, senior leadership, and external auditors regarding investments, borrowings, funding activities, and related accounting conclusions.
• Lead, coach, and develop the Investments and Borrowings Accounting team, with responsibility for system implementation efforts, operational accounting support, SOX compliance, and month-end close execution.
• Drive continuous improvement, process discipline, and cross-functional execution on strategic initiatives impacting Bank Accounting and Treasury-related activities.

What you have

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

Qualifications

• Bachelor’s or Master’s degree in Accounting, Finance, or a related field.
• CPA strongly preferred; CFA or other relevant professional credential a plus.
• 8–10+ years of progressive accounting or finance experience, with direct experience in securities, investments, borrowings, bank accounting, or treasury-related activities highly preferred.
• Strong technical accounting foundation, sound judgment, and ability to apply complex accounting concepts in a practical, well-controlled operating environment.
• Experience with operational accounting, treasury platforms, accounting systems, implementation efforts, testing, and project management in a high-volume environment.
• Experience with Calypso Technology, or comparable treasury or capital markets platforms a plus.
• Relevant bank, broker-dealer, financial services, capital markets, or treasury experience preferred.
• Advanced proficiency with Microsoft Excel and PowerPoint, with the ability to analyze complex data and present insights clearly to a range of stakeholders.
• Excellent communication skills, including the ability to translate complex accounting and business matters into concise, decision-useful messages.
• Demonstrated ability to lead and develop high-performing teams, manage multiple priorities, take ownership of complex deliverables, and operate effectively in a dynamic, highly collaborative environment.

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