Manager, Bank Accounting – Investments and Borrowings

Charles Schwab; Lone Tree (CO); Hybrid; USD 110,000 - 150,000; Full time

Benefits offered by this job

401(k) match and ESPP

Sabbatical after 5 years

Parental leave and family benefits

Tuition reimbursement

Health, dental, vision

Job summary

Charles Schwab is seeking an experienced accounting professional to oversee the accounting for investment securities portfolios and borrowing activities within the Bank Accounting team. You will manage monthly closes, journal entries, reconciliations, and financial reporting across multiple entities, partnering with Treasury, policy, and external auditors to ensure accuracy and strong controls.

The role emphasizes technology-enabled process improvements, automation, and collaboration across

Qualifications

• Bachelor’s degree in accounting or finance.
• 5+ years of accounting experience.
• Operational accounting and treasury systems experience in a high-transaction-volume environment.
• Strong Excel skills.
• Ability to communicate complex information concisely.
• Excellent analytical, organizational, and project management skills.
• Ability to manage multiple projects independently.

Responsibilities

• Manage accounting for the investment securities portfolio and borrowing activities across multiple legal entities, including the monthly close, journal entries, reconciliations, analyses, and reporting support.
• Partner with Treasury and liquidity teams on new investment activities and funding initiatives, including repurchase agreements, FHLB and Federal Reserve funding sources, and other balance sheet management activities.
• Review monthly close results, variance analyses, reconciliations, and schedules supporting financial, SEC, and regulatory reporting for investments and borrowings.
• Maintain and adhere to SOX controls, lead discussions with the SOX compliance team, and participate in internal audit reviews.
• Work with technology teams to implement enhancements, improve processes, and expand automation.
• Investigate and resolve reconciling items within the portfolios through thorough analysis and documentation.
• Respond to inquiries from external auditors, SEC Reporting, and regulatory reporting teams.
• Consult with the Accounting Policy team on accounting policies related to investments and treasury activities.
• Lead or support strategic initiatives strengthening controls, reporting, and operational effectiveness.

Skills

Accounting experience

Treasury systems

Excel proficiency

Analytical skills

Communication skills

Independent work

Education

Bachelor's degree in accounting or finance

Tools

Calypso Technology

Alteryx

SQL

Job description

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.

This is a meaningful opportunity for an experienced accounting professional to help oversee the accounting for Schwab’s investment securities portfolio and borrowing activities. As part of the Corporate Controller’s Department, the Bank Accounting team supports the close for three bank subsidiaries and two trust companies, helping deliver accurate financial information and strong control practices.

In this role, you will manage accounting, analysis, reporting, reconciliations, fair value assessments, system issue resolution, and testing while partnering closely with Treasury Capital Markets, Treasury Settlement Services, the Finance Innovation Team, Accounting Policy, and external software consultants. You will have the opportunity to solve complex accounting challenges, improve processes through technology and automation, and contribute to work that supports sound financial stewardship across Schwab.

You will join a collaborative, purpose-driven environment where integrity and service come first, teams succeed together as One Schwab, and employees are encouraged to own their tomorrow. This role offers broad exposure across Finance and Treasury, meaningful partnership with subject matter experts, and opportunities to strengthen your technical, leadership, and problem-solving capabilities.

What you’ll do

• Manage accounting for the investment securities portfolio and borrowing activities across multiple legal entities, including the monthly close, journal entries, reconciliations, analysis, and reporting support.
• Partner with Treasury and liquidity teams on new investment activities and funding initiatives, including repurchase agreements, FHLB and Federal Reserve funding sources, and other balance sheet management activities, to support appropriate accounting treatment and system readiness.
• Review monthly close results, variance analyses, reconciliations, and schedules supporting financial, SEC, and regulatory reporting for investments and borrowings.
• Maintain and adhere to SOX controls, lead discussions with the SOX compliance team, and participate in periodic internal audit reviews.
• Work closely with technology teams to implement enhancements, improve processes, and expand automation opportunities.
• Investigate and resolve reconciling items within the portfolios through thorough analysis and documentation.
• Respond to inquiries from external auditors, SEC Reporting, and regulatory reporting teams regarding investment securities, borrowings, and related accounting matters.
• Consult with the Accounting Policy team on accounting policies and practices related to investment securities, borrowings, and other treasury activities.
• Lead or support strategic and ad hoc initiatives that strengthen controls, reporting, and operational effectiveness.

What you have

To ensure that we fulfill our promise of “challenging the status quo,” this role has specific qualifications that successful candidates should have.

Required qualifications:

• Bachelor’s degree in accounting or finance
• 5+ years of accounting experience
• Operational accounting and treasury systems experience in a high-transaction-volume environment
• Solid proficiency in Microsoft Office, particularly Microsoft Excel
• Ability to communicate complex information in a concise and understandable manner
• Excellent analytical, organizational, and project management skills
• Ability to work independently and manage multiple projects that vary in scope and complexity

Preferred qualifications:

• CPA
• Direct experience with investment securities and borrowing activities
• Relevant banking, financial services, or treasury experience
• Experience with Calypso Technology or a comparable treasury or capital markets platform
• Experience with Alteryx, SQL, or similar data tools

Location & Work Arrangement: This hybrid role requires four days per week in the office and one remote workday. Candidates must live in, or be willing to relocate on their own to, the listed location.

Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

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

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance