Director – Head of Collateral Management

Charles Schwab Corporation; New York; Hybrid; USD 180,000 - 280,000; Full time

Job summary

Charles Schwab Corporation is seeking a seasoned Collateral Management Director to lead firmwide strategy across Derivatives Margin, Secured Financing and Securities Lending. You will optimize collateral usage, reduce trapped liquidity, and partner with Treasury, Liquidity and Finance to align with regulatory requirements.

Strong cross-functional leadership and communication to senior management are essential.

Qualifications

• 10-15+ years in collateral management, securities finance, clearing or prime services.
• Precise understanding of collateral requirements and post trade workflows of derivatives margin & securities financing markets.
• Ability to drive cross-functional initiative and communicate to senior management in Treasury/Finance
• Comfortable working in a control-heavy, regulated environment

Responsibilities

• Define and lead firmwide strategy for collateral allocation.
• Identify and reduce trapped liquidity and inefficient collateral usage.
• Drive collateral optimization initiatives across Derivatives Margin, Secured Financing and Securities Lending/Borrowing transactions.
• Improve visibility into firmwide, intraday collateral requirements and availability.
• Partner with Liquidity on collateral forecasting models under base and stress scenarios.
• Partner with Treasury Command Center to develop post allocation analysis models for efficiency improvements.
• Ensure collateral management strategies align to evolving regulatory landscape (15c3-1, 15c3-3, LCR).
• Establish clear ownership, governance and escalation processing for collateral usage.
• Strengthen controls, documentation, and auditability for collateral management roles.
• Serve as senior communicator and integrator across related functions.

Skills

Collateral management

Securities finance

Derivatives margin

Cross-functional leadership

Regulatory awareness

Communication to senior mgmt

Team leadership

Bachelor’s degree

Education

Bachelor's degree

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.

Collateral Management is a critical function of Treasury at the Bank. Reporting to the Managing Director, Head of Securities Funding and Optimization, this Director will focus on developing and executing a collateral management strategy integrated with the liquidity, capital and balance sheet management frameworks of Charles Schwab Corporation. This highly cross-functional role will partner with Liquidity, Capital, Securities Lending, Securities Finance within Treasury as well as Operations, and 2nd Line Finance Risk Management to build a scalable, regulatory driven optimization framework that supports growth under balance sheet expansive conditions.

What you have

Required Experience:

• 10-15+ years in collateral management, securities finance, clearing or prime services

• Precise understanding of collateral requirements and post trade work flows of derivatives margin & securities financing markets (repo, sec lending, upgrades)

• Ability to drive cross-functional initiative, influence stakeholders and effectively communicate to senior management in Treasury and Finance

• Comfortable working in control-heavy, regulated environment

• Experience staying abreast of the evolving regulatory landscape and demonstrating impeccable judgement to prioritize numerous initiatives in flight

• Detail orientated and execution focused

• Proven team leader

• Bachelor’s degree required

Key Objectives:

• Define and lead firmwide strategy for collateral allocation

• Identify and reduce trapped liquidity and inefficient collateral usage

• Drive collateral optimization initiatives across Derivatives Margin, Secured Financing and Securities Lending/Borrowing transactions

• Improve visibility into firmwide, intraday collateral requirements and availability

• Partner with Liquidity on collateral forecasting models under base and stress scenarios

• Partner with Treasury Command Center to develop post allocation analysis models to identify and drive consistent efficiency improvements

• Ensure collateral management strategies are aligned to evolving regulatory landscape (15c3-1, 15c3-3, LCR, etc.)

• Establish clear ownership, governance and escalation processing for collateral usage

• Strengthen controls, documentation, and auditability for collateral management roles and processes

• Serve as senior communicator and integrator across Liquidity, Securities Finance and Optimization, Securities Lending and Operations

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