Senior Manager, Liquidity Risk Oversight

Charles Schwab; Chicago (IL); Hybrid; USD 100,000 - 130,000; Full time

Job summary

Charles Schwab is seeking a Senior Manager for their Liquidity Risk Oversight Function. This role will focus on providing independent analysis of liquidity risk management, building analytical tools, and reporting metrics crucial for maintaining compliance and operational efficiency. Ideal candidates should have a background in finance with relevant management experience. The team emphasizes collaboration and innovative solutions in a supportive work culture.

Benefits

401(k) with company match

Employee stock purchase plan

Paid time for vacation and volunteering

28-day sabbatical after 5 years

Paid parental leave and family building benefits

Tuition reimbursement

Health, dental, and vision insurance

Qualifications

• 3+ years of liquidity risk management experience required.
• CFA or other related certification preferred.
• Familiarity with banking balance sheets and regulations.

Responsibilities

• Provide independent analysis of liquidity risk metrics.
• Conduct gap analyses of liquidity risk management practices.
• Support building analytical tools for monitoring liquidity.

Skills

Analytical skills

Attention to detail

Communication

Interpersonal skills

Process orientation

Education

Bachelor’s degree in Finance or business-related field

Master’s degree in Business or Finance

Tools

SQL

Tableau

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 Liquidity Risk Oversight (LRO) Function is situated within the Financial Risk Management (FRM) department under the Corporate Risk Management (CRM) organization. The team’s primary function is to provide independent oversight and effective challenge of the firmwide liquidity risk management.

The Senior Manager, Liquidity Risk will provide independent analysis and effective challenge of liquidity stress testing assumptions, methodologies, and processes. This person will support the building and maintaining analytical tools to understand variances in the firmwide liquidity position and liquidity stress testing metrics (internal stress testing and LCR). The Senior Manager will also source internal data and conduct analysis in support of liquidity monitoring activities by the “second line of defense” including risk limit levels. In accordance with the firm’s risk appetite, this person will calculate, monitor, and report liquidity risk metrics, will conduct gap analyses of liquidity risk management practices against supervisory guidance, and will perform independent assessments on the firm’s liquidity risk management processes.

This is an individual contributor role reporting into the Director of Liquidity and Capital Risk Oversight.

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 Finance or business-related field
• 3+ years of liquidity risk management experience (Treasury, Risk Management, Regulatory Agency, Consulting)

Preferred Qualifications :

• Master’s degree in Business, Finance, or related field
• CFA or other related certification
• Familiarity with a bank’s balance sheet
• Familiarity with analytical methods and techniques
• A general understanding of regulations pertaining to liquidity (Prudential Standards, SR 10-6)
• Working knowledge of SQL, Tableau
• Excellent communication and interpersonal skills, ability to interact cross functionally
• Strong process orientation and analytical skills
• Ability to build Tableau liquidity and capital reporting dashboards
• Self-motivated, able to multi-task, perform under strict deadlines, and able to develop new processes
• Strong partnership skills coupled with an ability to challenge
• Proficiency in using technology to query databases and prepare documentation for senior leaders
• Experience creating presentations for executive audiences

What’s in it for you

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. 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