Manager, AWS Block Desk & Trading
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.
Our goal on the Institutional Block Desk is to help advisors optimize their execution quality process. Best execution is defined as the process that captures the most value out of investment decisions, in a fair and equitable manner, for all clients supported. The Block Desk Trader role supports our strategy to create an integrated Execution and Guidance Solutions offering for Registered Investment Advisors (RIAs), that optimizes the trading management process and seeks best execution.
Our Block Desk helps RIAs assess potential benefits and risks while employing various execution strategies on relatively large and/or illiquid Equity and ETF trades with direct responsibility for developing a trade execution strategy, managing client expectations on illiquid orders and being the subject matter experts of our High Touch Execution service, this team plays a critical role in the end-to-end client experience.
What you are good at
The Block Desk Trader will be part of a collaborative, high-performing team responsible for designing and building an outstanding client experience through strategic initiatives, relationship management, and trade management process improvement. You will seek to mitigate the risk of market impact on large block trades, leveraging our Request for Quote process and High Touch Equity service. As an extension of a RIA’s trade desk, assisting them through the trading life cycle of an order, you will develop and strengthen relationships with a RIA’s Portfolio Managers, Traders, COOs and Compliance Specialists as you leverage pre and post-trade analysis seeking to reduce implicit trading costs and optimize their trading process.
Responsibilities include
Drive a variety of high-impact initiatives to further elevate Schwab’s client experience, and ensure a proactive approach to seeking quality trade executions
Maintain strong relationships with ETF issuers and Market Makers to ensure our trading management process is through clients’ eyes
Develop order execution strategies for and in concert with RIAs
Trade large block Not Held orders and deliver the best price possible by analyzing all pertinent market conditions and various other trade factors
Respond to inquiries from channel partners and RIAs with timely and complete information
Daily and intraday order book management of Not Held Equity and ETF order flow for RIAs
Act as a client advocate by monitoring and/or resolving any trade related concerns to ensure clients are receiving the best execution possible
Answer phone and e-mail inquiries regarding order routing & execution to provide exceptional trade related support
What you have
4 year College Degree
5+ years of industry experience trading Equities and ETFs
Exceptional written and verbal communication skills
Strong communication, teamwork, and cross-functional relationship building skills
Independent judgement with strong analytical and risk assessment skills
Thorough understanding of equities market structure and ETF ecosystem
Ability to adjust to changes quickly and efficiently in a fast paced and stressful environment
Self-motivated and client driven.
Ability to effectively handle multiple tasks simultaneously.
Critical thinker with ability to react to changes in regulatory, market, and business climate
Proficient with Trafix, Bloomberg and EMS/OMS products
Primary areas of responsibility will require a high level of knowledge regarding Schwab trading products and services, competitor information, policies and procedures, securities industry, Client service and trading.
Series 7, Series 63 (Required)
Series 57, Series 24 & Series 4 (Preferred)
Military education or experience may be considered in lieu of civilian requirements listed.
What’s in it for you
At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance