Senior Manager Treasury Settlement Services

Charles Schwab; New York (NY); Hybrid; USD 92,000 - 204,000; Full time

Benefits offered by this job

401(k) with company match

Employee stock purchase plan

Paid vacation and sabbatical after 5 y

Parental leave and family benefits

Tuition reimbursement

Health, dental, and vision insurance

Job summary

Charles Schwab is seeking a Senior Manager, Treasury Settlement Services to lead daily settlement, cash and collateral activities, and to drive controls and improvements across Treasury operations. You will coordinate with banks, custodians, and internal partners to ensure timely, accurate settlement.

The role requires senior-level experience in treasury operations, strong analytical and leadership capabilities, and a track record of delivering cross-functional results.

Qualifications

• 5+ years in treasury or settlements, with leadership experience.
• Experience with banks, custodians, and settlement processes.
• Strong trade confirmation, settlement and control knowledge.
• Knowledge of collateral management concepts and margin.
• Bachelor's in Finance/Economics/Accounting or related field; treasury qualification preferred.

Responsibilities

• Lead daily Treasury settlement services supporting liquidity execution.
• Partner with Liquidity & Funding Management to align readiness and collateral.
• Oversee settlement with third-party banks and custodians; resolve issues.
• Establish controls for assets, treasury systems, and reporting.
• Develop business requirements, test plans, and scripts for system changes.
• Drive continuous improvement in processes, data, and risk reduction.
• Build partnerships across Treasury, Finance, Risk and Ops.
• Identify regulatory and market developments affecting settlement.
• Lead, coach, and develop settlement professionals.

Skills

Treasury operations

Settlement services

Trade confirmation

Collateral management

Stakeholder management

Leadership

Operational controls

Analytical skills

Regulatory awareness

Problem solving

Education

Bachelor's degree in Finance/Economics/Accounting or related field

Treasury qualification preferred

Tools

Treasury Management Systems

Transcend Street

Bloomberg

Nasdaq Calypso

SWIFT

Excel

Tableau

Job description

Pay range:

USD $91,800.00 - $204,100.00 / Year

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 Senior Manager, Treasury Settlement Services (TSS)

leads critical trade verification, settlement, collateral, cash movement, and exception-management activities that support the firm's Liquidity & Funding Management team. The role is accountable for reliable daily execution, strong controls, and effective coordination across Treasury, banking partners, custodians, technology teams, and other internal stakeholders.

The Senior Manager also supports the implementation, maintenance, and enhancement of trading, collateral, and treasury systems; develops business requirements and test scripts for system changes; and identifies, assesses, and escalates operational, market-infrastructure, banking, and regulatory concerns. This is a People Leader role with one or more direct reports.

What you have

• At least 5 years of demonstrated experience in Treasury, settlement services, securities operations, liquidity operations, collateral management, or a related banking or broker-dealer environment, including experience leading professionals or projects.
• Extensive experience working with third-party banks, custodians, clearing organizations, or correspondent settlement processes.
• Strong understanding of trade confirmation and settlement, cash movements, reconciliations, exception management, and operational controls.
• Experience with collateral management concepts and processes, including eligibility, initial and maintenance margin, concentration, and substitutions.
• Knowledge of Treasury Management Systems, trade order management systems, Transcend Street, Bloomberg, Nasdaq Calypso, SWIFT Category 5 securities messages, DTCC / FICC RTTM, custodian platforms, Excel, and reporting or visualization tools such as Tableau.
• Experience with fixed-income securities, derivatives such as interest-rate swaps, and associated collateral requirements. Experience with asset-backed securities principal and interest processing is beneficial.
• Working knowledge of finance and accounting in a banking, broker-dealer, or corporate Treasury environment.
• Excellent analytical, strategic planning, problem-solving, written communication, and verbal communication skills.
• Demonstrated ability to manage multiple priorities and deadlines while maintaining strong attention to detail and sound judgment.
• Ability to build productive relationships with stakeholders at various levels and to influence outcomes across organizational boundaries.
• Bachelor's degree required, preferably in Finance, Economics, Accounting, Business, or a related field. A professional Treasury qualification, or progress toward one, is preferred.

What you'll do:

• Lead daily Treasury settlement services supporting liquidity execution, including trade verification, cash and securities settlement, collateral movements, payment activity, exception resolution, and timely escalation of breaks or funding impacts.
• Partner with the Liquidity & Funding Management team to align settlement readiness, cash positioning, collateral availability, and operational cutoffs with the firm's funding and liquidity priorities.
• Oversee settlement and collateral activity with third-party banks, custodians, clearing organizations and counterparties, including investigation and resolution of failed, delayed, or unmatched activity.
• Establish and maintain controls that safeguard corporate assets, support the integrity of Treasury systems, and enable accurate monitoring, measurement, reconciliation and reporting.
• Develop business requirements, operating procedures, test plans and test scripts for system implementations, upgrades and process changes affecting Treasury settlement and liquidity operations.
• Drive continuous improvement across processes, technology, data, controls and team capabilities, with a focus on resiliency, automation, scalability and risk reduction.
• Build partnerships across Treasury, Liquidity & Funding Management, Capital Markets, Finance, Accounting, Risk, Compliance, Internal Audit and Operations.
• Identify and elevate banking, market-structure, regulatory and operational developments that may affect settlement, collateral, payments or liquidity execution.
• Lead, coach and develop settlement services professionals; set priorities, clarify accountabilities and reinforce a culture of control, collaboration and continuous improvement.

Key Responsibilities:

Liquidity and Settlement Operations

• Coordinate daily settlement and cash-movement activity with Liquidity & Funding Management to support funding decisions and meet contractual and market deadlines.
• Monitor settlement status, collateral calls, payment flows, expected receipts and material exceptions; communicate emerging issues and potential liquidity impacts promptly.
• Maintain effective processes for collateral eligibility, initial and maintenance margin, concentration monitoring, substitutions and related custodian or counterparty activity.
• Support securities, debt, derivative, bilateral and triparty repo . reverse repo activity and asset-backed security activity, including principal and interest processing where applicable.

Risk, Controls, and Governance

• Identify operational risks and implement robust Treasury controls for ongoing monitoring, reconciliation, measurement, reporting and escalation.
• Lead control reviews, procedure maintenance, issue remediation and readiness activities for internal audit and other assurance functions.
• Partner with Compliance on applicable KYC requirements for banking relationships and debt issuance, and support FATCA/CRS classification and reporting activities as assigned.
• Coordinate with counterparty banks and internal stakeholders on audit confirmations, documentation requests and compliance certificates for debt programs.

Technology and Change

• Own or contribute to requirements, testing, implementation and production support for Treasury Management Systems, trade order management, collateral, settlement, payment and reporting platforms.
• Proactively improve models, controls, workflows and management reporting; advocate for resources and solutions that strengthen operational capability.
• Lead or support cross-functional projects involving internal and external stakeholders, including new products, bank or custodian changes, regulatory initiatives and platform enhancements.

Expected Outcomes

• Reliable, timely, and well-controlled settlement, accurate collateral calculation and cash-movement activities supporting Liquidity & Funding Management.
• Clear visibility into exceptions, funding-sensitive events, control performance and operational risk.
• Scalable processes and systems that strengthen resilience, reduce manual effort and support changing business needs.
• A high-performing team with clear priorities, strong technical capability and effective cross-functional partnerships.

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