Manager Balance Sheet Forecasting & Analytics

Charles Schwab Corporation; Westlake (TX); On-site; USD 120,000 - 180,000; Full time

Job summary

Charles Schwab Corporation is seeking a senior-level analyst to contribute to the Net Interest Income (NII) forecasting function within the Balance Sheet Forecasting and Analytics team. You will model all balance sheet items, collaborate with risk partners and product leaders, and help transform the forecasting infrastructure for better balance sheet optimization.

The role requires 3+ years of relevant experience and a strong background in ALM, fixed income analytics, and NIR forecasting, with

Qualifications

• Bachelor's degree required. Master's degree or CFA preferred.
• 3+ years relevant experience in ALM, fixed income analytics, capital markets, market risk or treasury-related functions.
• Strong knowledge of Net Interest Revenue (NIR) forecasting.
• Expertise with Polypaths ALM, QRM, or other NIR forecasting software.
• Experience with CCAR reporting and control.
• Experience with Python, Sequel (SQL).
• Ability to create innovative analyses to drive strategy.
• Excellent written and oral communication skills.

Responsibilities

• Contribute to NII forecasting and balance sheet projection within the ALM NII forecasting team.
• Collaborate with ALM Strategy Modeling, Analytics, and Automation teams to implement next-generation forecasting infrastructure.
• Model balance sheet items and suggest improvements; partner with risk, product, and other partners to manage risk across Schwab entities.

Skills

ALM analytics

capital markets

market risk

NIR forecasting

analytical

communication

interpersonal skills

Education

Bachelor's degree

Master's degree

CFA

Tools

Polypaths ALM

QRM

Python

Sequel

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 Balance Sheet Forecasting and Analytics team is a team within our Corporate Treasury department. We are responsible for balance sheet management strategy, portfolio and brokered deposit notional investment allocation decisions, balance sheet modeling and analytics, market risk management, Asset Liability Management (ALM) derivatives, and net interest income forecasting. The overall team manages fixed-income investments in several portfolios totaling over $200 billion, with approximately $480 billion in total balance sheet assets and $85 billion in off-balance-sheet brokered deposit agreement notional investments. The Balance Sheet Forecasting and Analytics responsibilities roll up to our Treasury Capital Markets (TCM) organization, which includes: ALM, fixed income investing and other balance sheet modeling activities.

What you have

Required:

• 3+ years relevant experience with an emphasis on a mix of the following: ALM, fixed income analytics, capital markets, market risk or relevant Treasury-related functions, analytics, reporting.

• Bachelor's degree required. Master's degree or CFA preferred.

• Strong knowledge of Net Interest Revenue (NIR) forecasting.

• Expertise with Polypaths ALM, QRM, or other NIR forecasting software required.

• Experience with CCAR and the associated reporting and control performance preferred.

• Experience with Python, Sequel or Artificial Intelligence preferred.

• Enthusiasm to work in white space and the ability to create innovative analyses to help drive the strategy for the company.

• Ability to multi-task while maintaining composure in a potentially stressful environment.

• Exceptional leadership, communication, and interpersonal skills.

• Strong attention to detail, analytical and problem-solving abilities.

• Excellent written and oral communication skills.

What you'll do:

• Reporting to the Senior Manager, Balance Sheet Forecasting and Analytics, you will contribute to a team shaping the transformation of the Net Interest Income (NII) forecasting function to be a strategic tool used to optimize the balance sheet and the investment portfolios.
• You will be an individual contributor on the ALM NII forecasting team with responsibility for BAU revenue forecasting and NII forecasting within Capital Stress Testing. You will partner with the ALM Strategy Modeling, Analytics, and Automation teams to continue to implement the next generation of infrastructure used to forecast NII, Liquidity and Capital. You'll accurately model all balance sheet items and suggest improvements where necessary
• You'll collaborate with risk partners, product leaders and others across the firm while playing a key role in managing risk across the Schwab and the specific legal entities. You'll continually seek process improvement and pursue efficiency.
• This is a role where you will be able to grow your expertise through consistent challenges with the backing of passionate leaders who will value your contributions and prioritize your development.

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