Charles Schwab Senior Manager, Funds Transfer Pricing Risk Oversight in Chicago, Illinois


Chicago - IL, IL150SW, 150 S Wacker Dr, 60606-4111

Brian Parker


We believe that , when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck at over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Opportunity:

The Liquidity Risk Oversight 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 firm-wide liquidity risk management processes. The team has also recently expanded its responsibilities to provide independent oversight on the firm’s Funds Transfer Pricing (FTP) and Return on Allocated Capital (ROAC) processes. This newly created role will lead this initiative. This is an individual contributor role reporting into the Managing Director of Liquidity Risk Oversight.

What you’ll do:

  • Assist in building the project plan to provide independent oversight on FTP and ROAC processes from a 2nd line perspective

  • Provide independent analysis and effective challenge on the FTP (funding risk and contingent liquidity risk) and ROAC (capital allocation) methodologies

  • Evaluate whether the firm’s risk-taking incentives align with risk management and strategic objectives

  • Conduct gap analyses of current state against applicable Regulatory Guidance (i.e. SR 16-3 Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks)

  • Build analytical tools to understand month over month variances in actual results

  • Identify industry best practices and seek whether to apply to Schwab

  • Aid in the preparation of presentation materials for senior management risk committees

  • Lead or partner on ad-hoc projects and analyses for the Liquidity Risk Oversight Function

What you have:

The Senior Manager of Funds Transfer Pricing Risk Oversight must be familiar with analytical methods and techniques, have great partnership skills coupled with an ability to challenge, and be proficient in using technology to query databases and prepare documentation for senior management.

The following qualifications are required:

  • Bachelor’s degree in Finance or business related field

  • 3+ years of funds transfer pricing experience (Treasury, Risk Management, Regulatory Agency, Consulting)

  • Strong understanding of a financial institution’s balance sheet and income statement

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

  • Strong process orientation and analytical skills

  • Self-motivated, able to multi-task, perform under strict deadlines, and able to develop new processes

The following qualifications are preferred:

  • A Master’s degree in Business, Finance, or other related field

  • CFA or other related certification

  • Knowledge of regulations pertaining to Funds Transfer Pricing (SR 16-3)

  • Experience creating presentations for executive audiences

What you’ll get:

  • Comprehensive Compensation and Benefits package

  • Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts

  • Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program

  • Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions

  • Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships

  • Not just a job, but a career, with an opportunity to do the best work of your life

Learn more about Life@Schwab at" .

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability, and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab's hiring decisions. All other submissions should be performed online.

Job Specifications

Relocation Offered?: No

Work Schedule: Days

Languages: English - spoken

Current Licenses / Certifications: None

Relevant Work Experience: Analyst/Strategy-2-5 yrs, Financial Services-6+ yrs, Accounting and Finance-2-5 yrs, Analyst/Strategy-6+ yrs, Accounting and Finance-6+ yrs, Financial Services-2-5 yrs, Regulatory, Banking-6+ yrs, Risk Analysis, Banking-2-5 yrs

Position Located In: IL - Chicago

Education: BA/BS

Job Type: Full Time

Category:Risk Management

Activation Date: Thursday, June 14, 2018

Expiration Date: Monday, July 16, 2018

Apply Here