Director, Counterparty Risk — Securities Financing

Charles Schwab Corporation; Westlake (TX); On-site; USD 180,000 - 280,000; Full time

Job summary

Charles Schwab Corporation in Westlake, TX seeks a Director, Counterparty Credit Risk – Securities Financing to lead the first-line risk program for agent lending, securities lending, repos, and other secured financing activities.

You will build and lead a team of risk managers, establish governance, and partner with Treasury, Legal, Operations, and Corporate Risk Management to safeguard the firm while enabling strategic growth.

Qualifications

• Bachelor's degree in Finance, Economics, Business, or related field.
• 10+ years in counterparty credit risk, credit risk management, treasury, or related financial services.
• Leadership experience with high-performing teams.
• Deep understanding of financial institution credit analysis across banks, broker-dealers, and market participants.
• Experience evaluating counterparty exposures in securities lending, repos, agent lending, derivatives, or similar.
• Strong collateral management, margin methodologies, netting, and risk mitigation knowledge.
• Experience establishing risk governance, limits, and reporting.
• Proven ability to influence senior executives and lead cross-functional initiatives.
• Strong analytical, quantitative, communication, and strategic thinking skills.
• Preferred: CFA, FRM, CPA, or other designation; familiarity with SQL, Python, Tableau, Power BI, Alteryx.

Responsibilities

• Lead the first-line counterparty credit risk program for securities financing activities.
• Manage and develop a team of credit risk managers and analysts with strategy and priorities.
• Establish counterparty credit risk frameworks, policies, limits, and governance processes.
• Oversee counterparty reviews, approvals, monitoring, and portfolio management.
• Direct portfolio analytics, stress testing, collateral oversight, concentration risk, and reporting.
• Provide independent risk assessment on complex transactions and new initiatives.
• Partner with Treasury, Finance, Operations, Legal, and Corporate Risk Management.
• Represent the function in governance forums, risk committees, audits, and leadership discussions.

Skills

Leadership

Credit risk analysis

Strategic thinking

Analytical skills

Communication

Cross-functional collaboration

Influence senior executives

Portfolio risk management

Data analytics

Basel III knowledge

Education

Bachelor's degree in Finance/Economics/Business

Tools

SQL

Python

Tableau

Power BI

Alteryx

Job description

Charles Schwab Corporation in Westlake, TX seeks a Director, Counterparty Credit Risk – Securities Financing to lead the first-line risk program for agent lending, securities lending, repos, and other secured financing activities.

You will build and lead a team of risk managers, establish governance, and partner with Treasury, Legal, Operations, and Corporate Risk Management to safeguard the firm while enabling strategic growth.