Your Opportunity
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 and Funding Management group within Treasury handles liquidity and funding planning across the corporation and its subsidiaries, including our bank and broker-dealers. We monitor and ensure adherence to regulatory ratios including the Liquidity Coverage Ratio (LCR) and associated public disclosures, Net Stable Funding Ratio (NSFR), FR 2052a Liquidity Monitoring Report. We also develop tools to assist our business partners in analyzing the liquidity impacts of business decisions. We work with our second line partners to assist in the development of robust contingency liquidity analyses and plans to help identify emerging risks. This group is responsible for the design of company liquidity management policies, ensuring compliance at all times, and escalating issues to senior management as necessary. We work with internal and external partners on multiple ongoing examinations and audits of liquidity practices.
We are seeking a Sr. Manager LRR to enhance and streamline our operations through automation & technology. This role is responsible for optimizing operations related to the Liquidity Regulatory Reporting processes, integrating and maintaining various treasury platforms, and leveraging automation tools to improve efficiency, accuracy, reporting, and compliance. The Sr. Manager will maintain and enhance key relationships with our technology partners. And assist the business with their supervision requirement by performing daily comprehensive reviews of liquidity regulatory reports.
What you have
Bachelor's degree required.
CFA, FRM or MBA in finance a good to have.
7+ years of related work experience
Prior people leader experience preferred
Deep expertise in at least one area of Liquidity Management a must - LCR, NSFR, FR 2052a, Liquidity Stress Testing, Reg YY.
Demonstrated detailed knowledge of finance and knowledge of liquidity risk management at a broker dealer.
Regulatory financial reporting, and experience in treasury management and oversight
Experienced with financial systems and financial data
Hands-on, functional capabilities with SQL and reporting tools like Tableau, Power BI
Ability to work in an agile, ambiguous environment
Excellent analytical, strategic planning, problem resolution skills
Ability to translate sophisticated business problems into discrete quantifiable components
Excellent oral and written communication skills
What you''ll do:
Act as a liaison between the analytics and technology teams for Liquidity Regulatory Reporting which includes FR 2052a, LCR, NSFR and Liquidity Stress Testing
Overseeing daily production activities related to FR 2052a, LCR, NSFR, ensuring the accuracy and compliant with regulatory requirements.
Reviewing and validating key liquidity regulatory reports/metrics to confirm adherence to internal and external regulatory expectations, while supporting continuous improvements of processes and data quality
Plan and prioritize system updates, define long-term vision for application and system integration and upgrades for Liquidity Regulatory Reporting
Support leadership on any impact analysis or ad-hoc requests
Collaborate with Legal, RLO and external forums like BPI to maintain up to date interpretations and governance
Ensure compliance with Reg WW, Reg LL, LST regulations and Schwab's Liquidity Management Policy
Ensure maintenance of methodology document, model validations in accordance with model governance requirements
Setup governance processes and controls on all reporting processes
Work with Finance Data Governance team on aligning Liquidity reporting with the firm DG standards
Support 2nd Line, Audit and Compliance requests.
Assist tech team in providing business guidance in designing and implementing new process to facilitate stress testing
Provide detailed requirements for technology updates and ensure accuracy in testing all technology deployments
Setup technology SLAs and performance expectations
Support firm wide initiatives which rely on liquidity data
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.