What are the responsibilities and job description for the Manager of Treasury Settlement Services position at Charles Schwab Inc.?
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.
We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s). This role is expected to be in the office 4 days a week.
As Manager of Treasury Settlement Services (TSS), you’ll play a vital role in ensuring the accuracy and integrity of our trade lifecycle—from post-execution through settlement. You’ll collaborate with talented colleagues, drive innovation, and help us succeed together as One Schwab.
What You’ll Do:
- Lead and engage in the core functions of trade verification, settlement, collateral management, and exception processing, helping to mitigate operational and administrative risks.
- Maintain and enhance data accuracy, leveraging automation and technology to improve Treasury Settlement Services.
- Champion internal controls that safeguard corporate assets and uphold Schwab’s reputation for integrity and service excellence.
- Collaborate across teams and with external partners to ensure timely and accurate settlement of large cash and securities transactions.
- Support the implementation and ongoing improvement of trading and collateral management systems, contributing to Schwab’s commitment to innovation and client-centric solutions.
- Proactively identify opportunities to improve processes, controls, and technology, driving positive change for our clients and our team.
What you have
To ensure that we fulfill our promise of “challenging the status quo,” this role has specific qualifications that successful candidates should have:
Required Qualifications:
- Education & Experience: Bachelor’s degree in Finance/Economics; 5 years in settlement operations (including derivatives) within broker/dealer or banking environments.
- Technical Expertise: Strong knowledge of custody/clearing best practices, collateral management (eligibility, margin, substitution), and asset-backed securities processing. Familiarity with derivatives (e.g., interest rate swaps) and related collateral requirements.
- Systems & Tools: Experience with trade order systems, Bloomberg, SWIFT, custodian platforms; willingness to learn Treasury ManagementSystems, Nasdaq Calypso, Tableau, Alteryx.
- Skills: Excellent analytical, strategic planning, and problem-solving abilities; keen attention to detail; ability to multi-task under pressure while collaborating effectively.
- Preferred: Professional Treasury qualification (or in progress), corporate treasury/compliance experience, and proven success leading middle-office projects.
- Mindset: Innovative, change-driven, and committed to process improvement.
In addition to the salary range, this role is also eligible for bonus or incentive opportunities
Salary : $93,200 - $125,000