Senior Manager, Treasury– ALM Strategy

Job Description

Your Opportunity

The Treasury Capital Markets (TCM) function within Corporate Treasury manages fixed-income investments in several portfolios totaling over $300 billion in balance sheet assets primarily for the benefit of Charles Schwab Corporation, Charles Schwab & Co., Inc., Charles Schwab Bank, Charles Schwab Premier Bank, and Charles Schwab Trust Bank.

As an individual contributor within the TCM Asset & Liability Management (ALM) Strategy team you will play a key role in the overall strategic optimization of the investment portfolio from an integrated portfolio and balance sheet management perspective through development and maintenance of key models and collaboration with business partners including Model Risk.

In this role, you will develop and maintain models used by the business to inform strategy and generate revenue, streamline and automate processes, and interact with Model Risk. The ideal candidate has a strong quantitative background, modeling experience, is well-versed in fixed-income valuation, and has experience collaborating with model risk management.

What you are good at

• Develop and maintain models used to forecast net interest revenue for the combined firm which includes modeling of fixed income securities and new investments in PolyPaths
• Streamline and automate revenue forecasting process in PolyPaths to enable faster turnaround time and strategic value of the forecast
• Inform balance sheet strategy and collaborate with the revenue forecasting team and balance sheet strategy team to meet ALM objectives
• Partner with Model Risk and serve as a liaison for model development, model validation, performance monitoring, and capital stress testing
• Develop and maintain models used for bank lending to predict new loan originations, paydowns, and defaults for first mortgages, home equity lines of credit, and pledged asset lines
• Develop and maintain models used to price whole loans held on the balance sheet
• Develop and maintain multiple proprietary deposit models used to model client behavior and characterize interest rate risk associated with our largest source of funds
• Apply creative modeling techniques (prepayment-style, machine learning, etc.) to understand and predict sweep deposit balances
• Collaborate with key business partners to drive continuous improvement of models and ensure model performance is adequate
• Support ALM Positioning Strategy by leveraging existing capabilities, tools, and reports
• Leverage industry research and stay abreast of peer and industry trends

What you have

• A minimum of 8-10 years of relevant experience
• Master’s degree in engineering, mathematics, physics, finance, or related field is required; additionally, Ph.D. degree is strongly preferred
• Strong quantitative skills with demonstrated modeling experience
• Experience with prepayment modeling is a plus
• Proficiency with SQL and Python (or another general-purpose programming language)
• Experience with Linux/Unix operating system is beneficial
• Expertise in fixed-income mathematics and valuation
• Strong knowledge of fixed income modeling in systems such as PolyPaths, BlackRock, Murex, Bloomberg, QRM, Calypso
• Enthusiasm to work in white space and the ability to create innovative analyses to help drive the strategy for the portfolio
• Ability to multi-task while maintaining composure in a potentially stressful environment
• Excellent written and oral communication skills

Colorado Compensation
Target Total Compensation - 111,600 - 182,200.
Your actual pay will be based on your skills and experience -- talk with your recruiter to learn more.

Why work for us?

Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.

Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future. Explore further.

Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an Equal Opportunity Employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. Please click here to see the policy.

Schwab is an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at [email protected] or call 800-275-1281.

TD Ameritrade, a subsidiary of Charles Schwab, is an Equal Opportunity Employer. At TD Ameritrade we believe People Matter. We value diversity and believe that it goes beyond all protected classes, thoughts, ideas, and perspectives.