Sr Specialist, Trading Operations

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. 

We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Opportunity:

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.

What you’ll do:         

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. This role will participate in ad hoc projects and lead modernization efforts with leadership team.

What you have

Desired Skills:

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

• Subject Matter Expert in various MFO functions including Trading, Dividends, and Risk

• Ability to maintain a positive attitude during times of heavy volume and/or change

• Extensive experience in Mutual Fund reconciliation processes

• Ability to be a self-starter in discovering and implementing process improvements

• Ability to be an independent thinker in brainstorming and executing solutions for complex issues and escalations

• 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