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.
Charles Schwab Trust Bank (Retirement Business Services) provides trust and custody services for qualified retirement plans, primarily 401(k) plans. Schwab Trust Bank serves Schwab’s bundled retirement product and is the industry leader in providing trading and custody services through Independent Record Keepers. Our goal is to provide excellent service in a rapidly growing business. As a member of the Operations Control department’s Reconciliation and Reporting team, you will be responsible for performing detailed reconciliations and researching complex trading and distributions related activities while contributing to a collaborative team environment.
As the Reconciliations Specialist, you will utilize various applications for reconciling trading and distribution related activities through multiple trading platforms and across numerous banking vendors. Responsibilities include documenting issues in a clear and concise fashion, maintaining effective procedural documents and cross-training with peers to attain a broad functional knowledge.
What You’ll do:
Perform various reconciliation functions with a high degree of accuracy, including performing in-depth research on breaks and identifying true root cause for outages.Communicate with leadership issues that should be escalated to ensure risks are mitigated, including keeping them apprised of any team trends or process risks. Serve as the manager/team lead’s “eyes and ears” on the floor.Perform timely and detailed updates to procedures for functions owned.Identify and collaborate effectively with team members and subject matter experts on other teams to resolve issues, answer questions, notify them of potential upcoming issues, etc. Participate in projects effectively, taking ownership over related tasks and seeing them through to completion with minimal follow-ups. Hit deadlines associated with information requests and other take-aways.Perform effective peer reviews to ensure accuracy and utilizing situational awareness to identify emerging issues in related functions.Identify possible process improvements after becoming proficient in a reconciliation function. Effectively train team members on functions, making sure to identify and share the “why” behind a process. Perform effective User Acceptance Testing (UAT) for systems regularly used in daily functions. Ensure statistics are tracked, reported accurately and deadlines are met. What you haveTo ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Required Qualifications:
College Degree or equivalent banking and/or trust experience.2+ years brokerage, transfer agent, bank, or trust operations experience. Ability to work in a fast-paced environment, both independently and as part of a team.Excels in prioritizing daily functions and dealing with multiple deadlines and high volumes of work.Detail oriented, with strong analytic, research and communication skills.Strong sense of ownership of assigned functions and willingness to research complex issuesPossess advanced working knowledge of Microsoft Office applications.Ability to quickly cross-train on functions to back up co-workers.Ability to provide exemplary service to internal Client Service Managers and other business partners.
Preferred Qualifications:
Experience with bank or trading reconciliations.2+ years risk and analysis experience. Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed 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. Application FAQs
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