Director, Investment Credit Risk

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.

Your Opportunity 

This role offers a senior investment analyst opportunity specializing in structured finance. The Director, Investment Credit Risk will be responsible for independent credit assessment, credit limit approvals, and ongoing monitoring of asset-backed securities (ABS) and CMBS portfolios.

The role supports prudent capital deployment, regulatory compliance, and decision-making across a diverse set of securitized asset classes including credit cards, FFELP student loans, auto loans, auto leases, equipment finance, and mobile device receivables.

What you will do: 

• Serve as senior ABS credit analyst with credit limit authority for ABS and CMBS investments across multiple sectors.
• Perform independent credit risk assessments of new and existing ABS and legacy CMBS securities, including cash flow modeling, structural analysis, and collateral performance evaluation.
• Evaluate and approve new investment opportunities.
• Prepare and deliver clear, concise presentations for senior management, risk committees, and governance forums.
• Prepare and present loss estimates for the quarterly allowance for credit losses (CECL) process for credit-sensitive securities.
• Lead preparation, documentation, and presentation of expected credit loss analyses for annual capital stress testing across ABS and unsecured portfolios, including development of key assumptions, loss projections, governance materials, and delivery of results to working groups and senior management.
• Ensure alignment with internal credit policy, risk appetite, and evolving regulatory expectations related to investment credit risk.
• Partner closely with Treasury, Legal, Controllers, Model Risk Management, and other cross-functional teams.
• Engage directly with issuers, structures, and Wall Street counterparties when necessary to evaluate transaction structures, collateral quality, and market dynamics.
• Maintain relationships with rating agencies; review rating methodologies, surveillance materials, and engage on credit performance and structural considerations.
• Evaluate new ABS collateral types for potential investment in accordance with Schwab’s risk appetite and governance standards.
• Provide ongoing portfolio surveillance, including performance monitoring, trigger analysis, rating actions, and risk escalation as needed.
• Contribute to the development and enhancement of investment credit risk frameworks, policies, methodologies, and governance processes.

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.

Required Skills

• 10+ years of experience in investment credit risk, structured finance, or securitized products, with significant exposure to ABS and/or CMBS.
• Deep expertise across multiple ABS asset classes including credit card, student loan, auto loan, auto lease, equipment, and consumer receivables.
• Experience overseeing or providing senior challenge to CECL allowance processes and expected credit loss estimation.
• Strong understanding of capital stress testing frameworks and loss modeling concepts.
• Proven ability to operate within regulatory environments and engage effectively with internal partners and regulatory stakeholders.
• Demonstrated track record of partnership with trading, Treasury, and investment teams.
• Excellent written and verbal communication skills with demonstrated executive presence.
• Ability to translate complex structures and analytics into clear risk insights and recommendations.
• Experience with credit governance, risk committees, and senior management engagement.

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