Senior Portfolio Manager, Tax-Exempt Money Funds (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. 

The Senior Portfolio Manager, Tax-Exempt Money Funds will serve as a key member and people leader within the Money Fund investment team. This role combines direct portfolio management responsibility with leadership of investment professionals responsible for managing the Tax-Exempt Money Funds.

The successful candidate will oversee portfolio construction, security selection, strategy implementation, risk management, portfolio performance, and investment process enhancement while fostering a high-performing team culture focused on accountability, collaboration, innovation, and continuous improvement.

This individual will possess a solid knowledge of municipal fixed income markets, with deep expertise in managing Municipal Money Funds including thorough knowledge of Rule 2a7, yield curve management, tax-sensitive investing, and municipal market structure.

What You'll Do

Leadership & Talent Development

• Lead, coach, and develop a team of portfolio management professionals, fostering a culture of collaboration, accountability, innovation, and continuous learning.
• Establish clear performance expectations and support employee growth through coaching, mentoring, career development, and ongoing feedback.
• Promote an inclusive and highly engaged team environment that encourages diverse investment perspectives and continuous improvement.

Portfolio Management & Investment Leadership

• Oversee and contribute to all aspects of the Tax-Exempt Money Fund investment process, including market analysis, portfolio construction, security selection, risk management, portfolio performance, and portfolio monitoring.
• Establish investment strategy across Tax-Exempt Money Fund sectors, ensuring alignment with regulatory requirements, investment objectives, and risk parameters.
• Apply Municipal Money Market knowledge and expertise to security selection, sector allocation, WAM / WAL and liquidity management, yield curve positioning, and relative value analysis.
• Lead the development and maintenance of portfolio construction frameworks, investment guidelines, and risk controls that support consistent investment outcomes across strategies.
• Monitor market conditions, credit developments, liquidity trends, fund flows, regulatory changes, and other factors affecting municipal money market portfolios.

Technology & Process Innovation

• Champion the use of portfolio management technology, analytics, and data-driven investment processes to improve portfolio construction, risk oversight, workflow efficiency, and investment outcomes.
• Partner with technology and operations teams to enhance portfolio management platforms, investment analytics, and workflow efficiencies.
• Drive continuous improvement initiatives that strengthen investment capabilities.

Stakeholder Engagement

• Communicate investment philosophy, portfolio positioning, market outlook, and performance drivers to peers, business colleagues, and senior leadership.
• Generate and interpret portfolio performance to evaluate investment decisions and inform future portfolio positioning.
• Collaborate closely with credit research, investment risk, legal, compliance, operations, product management, and technology teams to achieve investment and business objectives.
• Effectively represent Fixed Income and Schwab Asset Management internally and externally with business partners

What you have

• Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related field.
• 10+ years of experience in Municipal fixed income portfolio management, asset management, or a related investment role.
• Broad knowledge of financial markets and investment securities
• Excellent verbal and written communication skills
• Ability to think strategically; to anticipate industry and economic trends, to adapt to unexpected influences and developments and assess their impact on the financial markets.
• Prior experience leading, mentoring, or managing investment professionals and teams.
• Deep understanding of Municipal markets, yield curve management, risk management, and portfolio construction.
• Strong analytical and quantitative skills with the ability to evaluate portfolio risk, performance, and identify relative value opportunities across Municipal money fund sectors.
• Advanced knowledge of Bloomberg and fixed income analytical tools.
• Demonstrated ability to communicate complex investment concepts clearly and effectively to both technical and non-technical audiences.
• Proven ability to exercise sound investment judgment and make effective portfolio decisions in evolving market environments.
• Strong collaboration and relationship-management skills with the ability to influence outcomes across investment and business functions.

Preferred Qualifications

• Experience managing Tax-Exempt Money Funds
• Experience with Bloomberg, Aladdin, or similar investment management platforms.
• Hands-on experience managing portfolios in consideration of internal and regulatory investment requirements, and within compliance frameworks.
• Experience leading investment process enhancements, and portfolio management technology initiatives.
• Demonstrated success balancing people leadership responsibilities with direct portfolio management accountability.