Manager - Credit Risk Analyst

Charles Schwab; San Francisco (CA); Hybrid; USD 150,000 - 210,000; Full time

Benefits offered by this job

401(k) with company match

Paid time off

Sabbatical after 5 years

Parental leave

Tuition reimbursement

Health, dental, and vision insurance

Job summary

Schwab is seeking a Manager for Counterparty Credit Risk – Securities Financing in its Finance Risk Management team in San Francisco. You will assess and monitor risk across broker-dealers, banks, and custodians, ensuring exposures stay within risk appetite and governance standards.

The role requires a strong background in credit risk analytics, collateral, and margin methodologies, with collaboration across Treasury, Legal, and risk teams. Hybrid work and competitive benefits are offered.

Qualifications

• Bachelor's degree in Finance, Economics, Business or related field.
• 5+ years in counterparty credit risk or related disciplines.
• Strong credit analysis and financial statement assessment.
• Experience with securities financing and collateral management.
• Advanced Excel and data analysis skills.
• Ability to communicate complex risk topics to senior management.

Responsibilities

• Manage counterparty credit risk across securities financing activities.
• Perform due diligence and credit analysis for financial counterparties.
• Monitor exposures, collateral coverage, and risk limits.
• Evaluate structures, collateral, and margin methodologies.
• Collaborate with Treasury, Legal, and risk teams on onboarding and execution.
• Develop analytics, stress tests, and reporting for counterparty risk.

Skills

Bachelor's degree

Counterparty risk

Credit risk analytics

Securities financing

Collateral & margin

Excel & data analysis

Effective communication

Education

Bachelor's degree in Finance, Economics, Business

Tools

SQL

Tableau

Python

Power BI

Alteryx

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.

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 encourage your development.

The first line Finance Risk Management (FRM) function is an in-business strategic risk function within Finance, which designs and implements a cohesive risk management strategy and framework to adequately identify and mitigate risk while driving innovation and business growth. The mandate encompasses liquidity, market, capital, counterparty credit, and regulatory risk management across the Finance organization.

Additionally, the FRM function collaborates with the second line Corporate Risk Management function in the development and enhancement of risk management policies, procedures, and limits across the Finance risk disciplines. We partner across the firm to improve efficiency, effectiveness, and productivity by safeguarding financial flexibility to enable the company strategy.

We are seeking a Manager, Counterparty Credit Risk – Securities Financing to join the Finance Risk Management function reporting to the Head of Strategy & Analytics.

What you have

The Following Qualifications Are Required

• Bachelor's degree in Finance, Economics, Business, or a related field.
• 5+ years of experience in counterparty credit risk, credit risk management, treasury, securities financing, capital markets, or related financial services disciplines.
• Strong understanding of financial institution credit analysis, financial statement assessment, and key bank and broker-dealer risk metrics.
• Experience evaluating counterparty exposures associated with securities lending, repurchase agreements, agent lending, or other secured financing transactions.
• Knowledge of collateral, netting, margin methodologies, and exposure mitigation techniques.
• Strong analytical, problem-solving, and quantitative skills.
• Ability to effectively communicate complex risk topics to senior management and cross-functional stakeholders.
• Proven ability to manage multiple priorities and drive initiatives to completion.
• Self-motivated, able to multi-task, perform under strict deadlines, and able to develop new processes.
• Advanced Excel and data analysis skills.

The Following Qualifications Are Preferred

• Experience with broker-dealers, banks, custodians, prime brokerage, clearing, securities financing, or capital markets businesses.
• Knowledge of securities financing market infrastructure, including custody, settlement, tri-party collateral management, and securities lending operating models.
• Experience analyzing financial institutions, including banks, broker-dealers, custodians, agent lenders, and other market participants.
• CFA, FRM, CPA, or other relevant professional designations.
• Familiarity with regulatory frameworks including Basel III, capital requirements, liquidity requirements, and counterparty credit risk regulations.
• Experience working with data visualization and reporting tools such as SQL, Tableau, Python, Power BI, or Alteryx.

What You'll Do

• Manage counterparty credit risk across securities financing activities, including agent lending, securities lending, tri-party repo, and other secured financing transactions.
• Perform counterparty due diligence and credit analysis for broker-dealers, banks, custodians, agent lenders, and other financial institution counterparties, including ongoing monitoring of financial condition and creditworthiness.
• Monitor portfolio exposures, limit utilization, collateral coverage, and concentration risk, ensuring activities remain within established limits, risk appetite, and governance standards.
• Evaluate transaction structures, collateral arrangements, margin methodologies, and risk mitigants to support prudent risk-taking and effective exposure management.
• Partner with Treasury, Legal, and second line Risk teams to support counterparty onboarding, transaction execution, and strategic securities financing initiatives.
• Develop portfolio analytics, stress testing, and management reporting to monitor counterparty exposures, identify emerging risks, and support risk-informed decision making across the securities financing portfolio.

In addition to the salary range, this position 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