Specialist, Trading Operations

Your Opportunity

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).

Our goal in Mutual Fund Operations (MFO) is to be the most admired and respected group within the Industry.  We are known for our spectacular customer service and flawless execution; the quality and breadth of our product offering; and the unparalleled professionalism of our employees.

MFO is a cross-functional team that handles multiple functions within Mutual Fund Operations. Including, but not limited too: Trading, Dividends, Sub Accounting and Vendor Relationships.

Individuals in this role must have the ability to maintain a good working relationship with our external Clearing Correspondents, external Mutual Fund Companies and Transfer Agents, and internal business partners.  A successful candidate will be adaptable to change and work collaboratively with cross-location business partners.

Research and resolve out of balances between Schwab, Mutual Fund companies, and Clearing Correspondents using various systems related to trades, transfers and/or dividends. Accurately process manual activity and making adjustments under strict time constraints. Effectively meet multiple deadlines throughout the day and prioritize risk related items. Monitor and work with various types of external industry partners to process trade uploads, rejects, dividend payments and reconciliation. This cross-functional team will work closely with transfer agents and fund accounting to perform daily operations such as trading, dividends, and/or wire settlement. Perform various cash and stock reconciliations and analyze and resolve complex breaks

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:

• Minimum of 2+ years’ experience with the back-office operations of a brokerage or financial services firm

Preferred Qualifications: 

• Experience with vendor relations or sub accounting relative to Mutual Funds
• Ability to maintain a positive attitude during times of heavy volume and/or change
• Complex problem solving skills
• Ability to maintain accuracy while processing large volumes of work under strict time constraints
• Strong analytical, research, data entry and prioritization skills
• Strong interpersonal and teamwork skills
• Proven experience collaborating across business units
• Ability to understand and mitigate risk
• Excellent written and verbal communication skills
• Detailed orientated
• Must be proficient with Microsoft Outlook, Excel and Word
• BA or BS preferred
• Series 7 & 63 preferred

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