Sr Manager, Treasury Capital Markets - Rates, Repo, and Short Investment / Funding Execution (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, and leads a team of traders responsible for the execution of rates, repo and other short investment / funding instruments to manage balance sheet financial risks, source necessary funding as needed and optimize excess cash, working capital and collateral portfolios across entities subject to various Treasury constraints. As Corporate Treasury expands balance sheet optimization capabilities, you will lead implementation of new investment and funding activities and key regulatory initiatives—while ensuring strong controls and reliable daily execution across multiple legal entities.

You’ll find a fast-moving, high-visibility role with meaningful ownership, supported by leaders who value your perspective and invest in your growth.

Key Responsibilities:

• Lead a team of traders responsible for the execution of rates, repo and other short investment / funding instruments to manage balance sheet financial risks, source necessary funding as needed and optimize excess cash, working capital and collateral portfolios across entities subject to various Treasury constraints. Develop rigorous controls and documentation to ensure execution accuracy and coverage across various financial instruments.
• Analyze rates / funding markets and recommend investment and funding strategies that optimize return and manage financial risks.
• Collaborate with key Treasury, Corporate Controllers and Technology partners to implement new investment and funding capabilities that are used to manage IRR, liquidity and capital constraints and meet regulatory expectations. Assist with the configuration and enhancement of front office systems used for management of investment and funding positions.
• Lead implementation of new levers and key regulatory processes for investments, funding and collateral management.
• Build and maintain street facing relationships with external counterparties to ensure best execution and consistent access to investment opportunities and liquidity across market environments.

What you have

Required Qualifications:

• 8+ years of experience in Treasury, Finance, and/or rates and funding markets 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 understanding of fixed-income concepts and experience executing rates and money market instruments used for cash optimization and funding (e.g., Treasuries, money market funds, repurchase agreements, certificates of deposit, commercial paper, FHLB borrowings, and Federal Reserve facilities). Familiarity with collateral management—including the ability to upgrade/downgrade collateral via collateral swaps—is a plus.
• Demonstrated interest in macroeconomic and rates/funding market developments, with the ability to translate market insights into clear recommendations and trade-off analysis for leadership.
• Knowledge of key Treasury concepts (ALM, interest rate risk, liquidity risk, and capital risk) and familiarity with prudential regulations and supervisory processes applicable to institutions of similar size and complexity to Charles Schwab.
• Working knowledge of clearing, custody, and trade settlement processes across major fixed-income and funding instruments.
• Strong stakeholder management skills, with the written and verbal communication ability to develop executive-ready materials and facilitate strategic decisions on balance sheet management.
• Experience with Calypso or a comparable Treasury Management System (preferred).
• Proficiency with Bloomberg, including core functions for rates, funding, and fixed-income instruments in a fast-paced market environment.
• Proven ability to manage multiple high-priority initiatives under tight timelines while maintaining sound judgment and control discipline.

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