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 Treasury Capital Markets (TCM) function within Corporate Treasury manages fixed-income investments in several portfolios totaling over $350 billion in balance sheet assets primarily for the benefit of Charles Schwab Corporation and its banking and broker-dealer subsidiaries.
As an individual contributor within the TCM Asset & Liability Management (ALM) Analytics team you will play a key role in the processing of modeling Net Interest Income (NII) generated by the assets and liabilities on the balance sheets of the Corporation and affiliates under specified economic scenarios, for monthly forecasting purposes and for Capital Stress Test scenarios for CCAR and DFAST compliance.
In this role, you will be an individual contributor in the NIR forecasting function with the opportunity to partner with other teams in ALM to continue transforming the forecasting function into a strategic tool to be used to optimize the balance sheet and inform investment decisions, seek learning and development opportunities, and contribute to several ALM and Balance Sheet Management objectives.
The candidate for this function should demonstrate analytical and modeling skills, technical proficiency, a desire to learn and develop new concepts/skills, ability to take initiative to improve analytics and operational processes, as well as develop new ideas.
What you have A minimum of 2+ years relevant experience with an emphasis on a mix of the following: ALM, fixed income analytics, modeling, capital markets, market risk or relevant FP&A experience Bachelor's degree required. Master's degree preferred. Degrees in Finance or quantitative field preferredStrong desire to develop and learn new financial and technical concepts and skillsExperience with FP&A processes and balance sheet projection software such as PolyPaths ALM or QRM preferredStrong knowledge of fixed-income investment portfolio forecastingEnthusiasm to work in white space and the ability to create innovative analyses to help drive the strategy for the companyAbility to multi-task while maintaining composure in a potentially stressful environmentExcellent written and oral communication skills Strong attention to detail will be critical to success in this roleAbility to handle large data sets
What you'll do:
Build and maintain simulation models used to create Net Interest Revenue (NIR) and evaluate Earnings at Risk, balance sheet sensitivity and other measuresAccurately model all balance sheet items and suggest improvements where necessaryContinually seek process improvement and pursue efficiency through automationProvide complex financial analysis and modeling support on ad-hoc basis and support development of new ALM reporting, risk dashboards and analyticsApply strategic thinking and transform the forecasting process into a strategic tool that can be used to optimize the investment portfolio and balance sheet risk profileGenerate timely and accurate reporting of the results. Present and communicate scenario results to senior management on a regular basisSupport ALM strategy by leveraging existing capabilities, tools, and reports, and by developing new capabilities, tools, and reportsIdentify areas of improvement in the operational and analytical/modeling processes and take initiative to improve/automate such processes in collaboration with other ALM unitsCollaborate with key business partners, including capital markets, finance, risk management, model validation, and audit to streamline processes and improve fidelity of the forecast
In addition to the salary range, this position is also eligible for bonus or incentive opportunities
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