Senior Manager Bank and Treasury Accounting

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 significant opportunity for an experienced accounting professional to lead key areas of Schwab’s Bank and Treasury Accounting function. The Senior Manager will oversee the accounting, control, and reporting framework for investments, borrowings, loans, deposits, trust activities, and Regulation W considerations—critical areas of Schwab’s balance sheet, liquidity profile, regulatory compliance, and financial results. The role partners closely with leaders across Treasury, Banking, Trust, Accounting Policy, Regulatory Reporting, SEC Reporting, Legal, Compliance, Risk, technology teams, and external auditors. This is an opportunity to lead meaningful work at scale, influence important accounting and control outcomes, and build, coach, and develop a strong team supporting essential banking and treasury activities.What you’ll do:

• Lead the accounting, control, and reporting activities for the Bank and Treasury portfolio, including investments, borrowings, loans, deposits, trust activities, and related balance sheet and income statement accounts.
• Oversee the accounting and control environment for available-for-sale and held-to-maturity securities, including month-end close, valuation and income recognition, reconciliations, analysis, impairment considerations, and financial and regulatory reporting support.
• Direct the accounting for secured and unsecured borrowings and other funding activities, including repurchase agreements, FHLB and Federal Reserve funding sources, interest expense, collateral, and related disclosures.
• Oversee accounting for the Bank’s loan portfolios, including origination and purchase activity, interest and fee recognition, nonaccrual and charge-off activity, allowance-related accounting support, reconciliations, and reporting.
• Lead accounting and control activities for deposit products, including deposit balances, interest expense, product and system changes, reconciliations, and financial and regulatory reporting support.
• Provide accounting leadership for trust activities, partnering with Trust, Operations, Legal, Compliance, and Risk to evaluate new products and transactions, maintain appropriate controls, and support accurate reporting.
• Partner with Legal, Compliance, Risk, Treasury, and business stakeholders to identify and evaluate transactions with affiliates, support Regulation W considerations, and maintain accounting processes and controls that align with applicable requirements.
• Lead, coach, and develop the Bank and Treasury Accounting team; maintain a strong SOX control environment; drive timely and accurate close execution; and lead system implementations, process improvements, and strategic initiatives across the function.

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.
• 10+ years of progressive accounting or finance experience, including leadership responsibility and significant experience in bank accounting, treasury accounting, investments, borrowings, loans, deposits, trust activities, or related financial services areas.
• Strong technical accounting foundation, sound judgment, and demonstrated ability to apply complex accounting and regulatory requirements—including affiliate transaction and Regulation W considerations—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