Manager -ALM Strategy

Charles Schwab Corporation; Saskatchewan; On-site; CAD 80,000 - 130,000; Full time

Job summary

An established industry player is seeking a strategic thinker to join their Asset Liability Management team. This role offers the opportunity to significantly impact balance sheet optimization and NIM profile through innovative analysis and collaboration with investment portfolio managers and risk partners. You will engage in developing and evaluating hedging strategies while supporting the ALM forecasting team. If you thrive in dynamic environments and possess strong financial acumen, this position is perfect for you. Join a team that values creativity and strategic thinking, and help shape the future of finance.

Qualifications

• 3+ years in treasury, finance, or ALM roles at a similar institution.
• Bachelor's degree required; Master's and CFA preferred.

Responsibilities

• Develop balance sheet hedging strategies using various instruments.
• Partner with ALM teams for strategy execution and measurement.

Skills

Treasury Management

Financial Analysis

ALM Strategy

Investment Portfolio Management

Communication Skills

Emotional Intelligence

Multi-tasking

Education

Bachelor's Degree in Finance, Accounting, or Economics

Master's Degree

CFA Certification

Tools

PolyPaths ALM

QRM

Calypso

Job description

Your Opportunity

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 Asset Liability Management (ALM) team is a team within our Corporate Treasury department. We are responsible for balance sheet management and strategy, portfolio and brokered deposit notional investment allocation decisions, balance sheet modeling and analytics, market risk management, ALM derivatives, funds transfer pricing (FTP), and net interest income forecasting. The overall team manages fixed-income investments in several portfolios totaling over $300 billion, with approximately $500 billion in total balance sheet assets and $85 billion in off-balance-sheet brokered deposit agreement notional investments.

As an individual contributor within the ALM Strategy team, you will play a key role in the overall strategic optimization of the balance sheet and the NIM profile through the development and execution of balance sheet strategies in collaboration with business partners, including investment portfolio managers, risk partners, and product leaders across the firm.

What you have

• 3+ years of career experience in treasury, finance and/or ALM roles of progressive level of responsibility and a minimum of five years of experience at an institution with similar size and complexity as Charles Schwab.
• Degree in finance, accounting, economics, or quantitative field required. Master’s degree desired; CFA a plus.
• Experience with PolyPaths ALM, QRM, Calypso or other ALM software is a plus.
• Enthusiasm to work in white space and the ability to create innovative analyses to help drive strategy and influence key leaders across the company.
• Strong fixed-income investment modeling and analytics knowledge a plus.
• Ability to multi-task on multiple projects and deliverables while remaining calm in a potentially stressful environment.
• Excellent written and oral communication skills.
• Strong emotional intelligence and executive presence.
• Client focused; able to build relationships and establish trust, respect, competence, and confidence effectively and quickly.
• An undergraduate degree is required, strong preference for an advanced degree.
• Professional certification, such as CFA, FRM or PRM, preferred.

What you'll do:

• Develop and evaluate balance sheet hedging strategies using on and off-balance sheet instruments, including swaps, fixed income securities, and off-balance sheet notional investments with unaffiliated banks.
• Play a key role in achieving risk-return optimization mandate within ALM, with emphasis on interconnectedness of liquidity, capital and interest rate risks.
• Partner with ALM Modeling team and ALM Analytics teams to develop tools, analytics, and insights to support balance sheet strategy execution and measurement.
• Assist in the daily positioning of investment portfolio planning, including excess reserve targets and operating levels, LCR application, and investment portfolio optimization.
• Support the forecasting, planning, and analysis needs of the ALM forecasting team, including partnership in modeling NIM optimization and stabilization strategies.
• Assist in the decomposition of net interest margin and net interest revenue, including drivers, risks and reward measurement, and NIM profile.

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