Manager, Treasury Cash Management

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 Cash Manager is part of a team, responsible for forecasting and managing the daily cash position of Charles Schwab Corp and its subsidiaries, primarily Charles Schwab Bank and Charles Schwab & Co. Inc. The Cash Manager forecasts and communicates changes in daily cash balances to the investment portfolio managers and proactively handles activities required to meet funding obligations, including executing wire transfers to meet internal & external deadlines and to manage cash balances effectively.  The Cash Manager assures compliance with all internal policies and procedures that pertain to the cash management team, as well as all rules and regulations applicable to the position.

What you have

The following qualifications are required:

• Bachelor’s degree in Finance, Economics, or business related field

• 4+ years of working in a financial institution in Treasury or Financial Risk Oversight functions

• Knowledge of financial institution’s balance sheet and cash flow mechanics

• Excellent communication and interpersonal skills, ability to challenge and interact cross-functionally

• Proven ability to work effectively in a team environment

• Accuracy, attention to detail and ability to maintain composure while dealing with tight time constraints

• Strong process orientation and analytical skills

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

• Knowledge of Treasury workstations, Fedwire, SWIFT and correspondent bank funds transfer systems

• Intermediate skills in Excel essential, advanced skills preferred

• Self-motivated, able to prioritize tasks to perform under strict deadlines

The following qualifications are preferred:

• Extensive technical knowledge

• Ability to interact effectively with management and external bank contacts to resolve operational issues and propose new business practices.

• Treasury or Financial Risk Oversight functions

• Knowledge of Treasury Workstations and data integration (Example: API)

• A Master’s degree in business related field or CFA/CTP/Series 7 other related certification

• Experience with automation tools such as UiPath, Tableau, SQL, Power-Automate and/or Alteryx

What you’ll do:

• Perform daily oversight, management, and performance reporting of the daily cash forecasting and cash management functions for each of the large subsidiaries. Serve as main point of contact on administrative or operational matters and ensures operational effectiveness and efficiency.

• Regularly monitors, suggests, and implements improvements to further optimize cash management and cash concentration techniques to efficiently manage cash flows.

• Evaluates and integrates treasury cash management products, services, and technologies that are available and appropriate for the team and firm overall.

• Assist in the development of methodologies for cash forecasting of both Bank and Broker/Dealer cash flows

• Enter and approve wire transfer requests

• Prepare daily management reporting and ensure compliance with liquidity policies and guidelines

• Maintain and enhance Treasury Workstations, primarily GTreasury and EPP

• Drive and support automation and modernization efforts

• Adhere to policies and procedures to comply with the various regulatory agency requirements including the Federal Reserve Bank and FINRA as well as internal polices applicable to the cash management function

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

Why work for us?

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.

We offer a competitive benefits package to our full-time employees 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