Senior Specialist, Finance - Capital Stress Testing

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 position provides the right candidate with a unique opportunity to join the Central Finance Capital Stress Testing team. The team helps to develop actionable insights to safeguard capital and uphold stakeholder confidence in Schwab by forecasting the financial impact of stressful macroeconomic scenarios on our clients and our business.

The Sr Specialist of Capital Stress Testing plays a critical role in providing financial oversight and leading Central Finance’s forecasting of expense focused on demonstrating Schwab’s ability to withstand stressful scenarios as part of firmwide Comprehensive Capital Analysis and Review (CCAR) efforts. This position will work with Schwab’s multiple lines of business as well as across the Finance organization, including Treasury, Asset-Liability Management and Risk Management.

What you are good at:

• Lead forecasting for one of the model areas of company-wide Capital Stress Testing. Model areas include Product Balances, Expense, AMAF, Trading and Other revenue, Legal Entity allocations

• Partner with subject matter experts across the organization to bring together a complete forecast view, with an emphasis on balance sheet impact, across a wide range of baseline and stressful scenarios.

• Engage with experts from multiple teams at Schwab as well as Schwab leaders to communicate and challenge forecast results. This includes aiding in the production of the annual Capital Plan and associated reporting for the Board and Federal Reserve.

• Work cross-functionally to drive sustainable and efficient forecasting improvement efforts, including enhancements to financial systems.

• Maintain sound risk management and control environment for Central Finance Capital Stress Testing revenue forecasting efforts.

• Perform ad hoc analysis related to understanding business and client trends and their revenue impact.

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 Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or related field

• 2-3 years of experience in Finance

• Proactive, self-starter, able to manage and deliver multiple projects and succeed in a time-sensitive, fast-paced environment with minimal direction

• Ability to logically structure analytical problems and use critical reasoning skills to evaluate financial forecasts

• Excellent oral and written communication skills and interpersonal skills. Comfortable partnering with peers and management and to work effectively in a fast-paced, dynamic team environment.

• Financial planning and scenario modeling experience is important.

• Experience with financial services industry is a plus.

• Expertise in Excel, Word, PowerPoint and strong knowledge of financial systems (IBM Planning Analytics and PeopleSoft Financials)

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