Director, Counterparty Credit Risk – Securities Financing

Charles Schwab; San Francisco (CA); Hybrid; USD 210,000 - 290,000; Full time

Benefits offered by this job

401(k) with company match

Employee stock purchase plan

Paid vacation and sabbatical after 5+ 

Paid parental leave and familybuilding

Tuition reimbursement

Health, dental, and vision insurance

Hybrid work model and flexibility

Job summary

Charles Schwab seeks a Director of Counterparty Credit Risk for Securities Financing to lead the first-line risk program across agent lending, securities lending, and repurchase agreements. You will direct a team of risk managers, set strategic direction, and collaborate with Treasury, Legal, and Corporate Risk Management to safeguard the firm’s risk posture.

You will establish risk frameworks, govern policies, and oversee reviews, monitoring, and reporting on a broad portfolio of financing

Qualifications

• Bachelor's degree in Finance, Economics, Business, or related field.
• 10+ years of experience in counterparty credit risk, credit risk management, treasury, securities financing, capital markets, banking, or related financial services disciplines.
• Demonstrated leadership experience with the ability to build, develop, and lead high-performing teams.
• Deep understanding of financial institution credit analysis, including banks, broker-dealers, custodians, agent lenders, clearing organizations, and other market participants.
• Significant experience evaluating counterparty exposures associated with securities lending, repurchase agreements, agent lending, derivatives, or other financing transactions.
• Strong understanding of collateral management, margin methodologies, netting arrangements, exposure measurement, and credit risk mitigation techniques.
• Experience establishing risk governance frameworks, limits, policies, and management reporting.
• Proven ability to influence senior executives and lead cross-functional initiatives.
• Strong analytical, quantitative, communication, and strategic thinking skills.

Responsibilities

• Lead the first-line counterparty credit risk program for securities financing activities, including agent lending, securities lending, repurchase agreements, and other secured financing transactions.
• Manage and develop a team of credit risk managers and analysts while establishing the strategic direction, operating model, and priorities for the function.
• Establish and maintain counterparty credit risk frameworks, policies, limits, and governance processes.
• Oversee counterparty reviews, approvals, ongoing monitoring, and portfolio management across securities financing counterparties.
• Direct portfolio analytics, stress testing, collateral oversight, concentration risk monitoring, and management reporting to support effective risk management and executive decision making.
• Provide independent risk assessment and strategic guidance on complex transactions, new business initiatives, and emerging risks affecting securities financing activities.
• Partner across Treasury, Finance, Operations, Legal, and Corporate Risk Management to support business growth while ensuring prudent risk taking.
• Represent the counterparty credit risk function in governance forums, risk committees, audits, and senior leadership discussions.

Skills

Leadership

Credit risk management

Quantitative analysis

Communication

Strategic thinking

Cross-functional collaboration

Risk governance

Influence executives

Education

Bachelor's degree in Finance, Economics, Business

Tools

SQL

Python

Tableau

Power BI

Alteryx

Job description

Charles Schwab seeks a Director of Counterparty Credit Risk for Securities Financing to lead the first-line risk program across agent lending, securities lending, and repurchase agreements. You will direct a team of risk managers, set strategic direction, and collaborate with Treasury, Legal, and Corporate Risk Management to safeguard the firm’s risk posture.

You will establish risk frameworks, govern policies, and oversee reviews, monitoring, and reporting on a broad portfolio of financing