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.

This role provides a meaningful opportunity for a highly motivated accounting professional to play a critical part managing the ongoing accounting processes for Schwab’s portfolio of derivatives. This role includes analyzing, reporting, reconciling, assessing fair value measurements, and testing system functionality. Additionally, this role has exposure to debt security accounting. Performing this role requires ongoing interaction with the external software consultants, Treasury Capital Markets, and Finance Systems and Process Transformation team, acting as the Bank Accounting team liaison with these departments. As part of the Corporate Controller’s Department, the Bank Accounting group is responsible for closing the books for the three bank subsidiaries and two trust companies with over $8 billion in derivatives, $265 billion in invested securities, and $40 billion of loans.

What you have

• Bachelor’s degree in accounting or finance
• CPA Preferred
• 5 years GAAP accounting or finance experience, direct experience with derivatives accounting highly preferred
• Operational accounting and treasury and accounting systems experience in a high transaction volume environment
• Relevant bank, financial services, and/or treasury experience a plus
• Solid proficiency in Microsoft Office, particularly Microsoft Excel
• PeopleSoft or other ERP experience a plus
• Experience with Adenza software (formerly known as Calypso Technology) a plus
• Experience with Alteryx, SQL, or similar data tools a plus
• Ability to communicate complex information in a concise and understandable manner
• Excellent analytical, organization, and project management skills
• Strong attention to detail
• Ability to drive work independently and manage multiple projects that vary in scope and complexity simultaneously

What you'll do:

• Manage the accounting, including journal entries and reconciliations, for the derivatives portfolio across multiple legal entities.
• Document the designation or de-designation of fair value/portfolio layer method hedging relationships in accordance with company policy.
• Prepare analysis related to net interest revenue for derivatives and other ad hoc analyses.
• Prepare various schedules for the monthly financial close package, as well as schedules for regulatory reporting groups.
• Liaise with the treasury team on new derivatives strategies to ensure proper accounting treatment and test related system functionality.
• Maintain and adhere to SOX controls and lead discussions with the SOX compliance team as well as participate in periodic internal audit reviews.
• Work closely with the Treasury Technology team to improve and implement technology enhancements, including process automation.
• Investigate and resolve any reconciling items within the portfolio by providing thorough analysis and documentation.
• Respond to questions from the external auditors, SEC Reporting and other regulatory reporting teams regarding derivatives.
• Consult with the Accounting Policy team on the accounting policies and practices related to derivatives.
• Perform other ad hoc initiatives, as needed.