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.
The Cash Manager is part of a team, responsible for forecasting and managing the daily cash position of Charles Schwab Corp and its subsidiaries, primarily Charles Schwab Bank and Charles Schwab & Co. Inc. The Cash Manager forecasts and communicates changes in daily cash balances to the investment portfolio managers and proactively handles activities required to meet funding obligations, including executing wire transfers to meet internal & external deadlines and to manage cash balances effectively. The Cash Manager assures compliance with all internal policies and procedures that pertain to the cash management team, as well as all rules and regulations applicable to the position.
What you have College Degree in Finance or Business2 – 8 years of experience in financial services, cash management, wire transfer operations or bank operationsStrong interpersonal and communication skillsAbility to work effectively with internal and external counterparts.Proven ability to work effectively in a team environmentExcellent math and analytical skillsAccuracy, attention to detail and ability to maintain composure while dealing with tight time constraintsAbility to multi-task while maintaining composure in a potentially stressful environmentKnowledge of Treasury workstations, Fedwire, SWIFT and correspondent bank funds transfer systemsIntermediate skills in Excel essential, advanced skills preferredWhat you'll do:
Manage the intra-day and overnight cash balances for Charles Schwab Corp and its subsidiaries, primarily Charles Schwab Bank and Charles Schwab & Co. Inc.Coordinate daily liquidity needs to maximize investment returnsAssist in the development of methodologies for cash forecasting of both Bank and Broker/Dealer cash flowsEnter and approve wire transfer requestsPrepare daily management reporting and ensure compliance with liquidity policies and guidelinesAdhere to policies and procedures to comply with the various regulatory agency requirements including the Federal Reserve Bank and FINRA as well as internal polices applicable to the cash management functionReviews and analyzes the performance of various procedures to make recommendations for improvements
In addition to the salary range, this position is also eligible for bonus or incentive opportunities
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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. Application FAQs
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