What are the responsibilities and job description for the Senior Manager – Collateral Swaps Trader 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.
The Treasury Capital Markets Investments team manages fixed-income investments in several portfolios totaling over $200 billion in balance sheet assets primarily for the benefit of Charles Schwab Corporation, Charles Schwab & Co., Inc., Charles Schwab Bank, Charles Schwab Premier Bank, and Charles Schwab Trust Bank.
As a member of the Treasury Capital Markets Investments team, you will play a key role in analyzing and executing trades in various fixed-income instruments while seeking to optimize portfolio returns within the corporate policy, risk, regulatory, and ALM strategy framework. Primary sectors for this position include Collateral Swap Trades, and Asset Swaps across interest rate products as well as a deep understanding of market structure. Experience in Repurchase Agreement trading in FICC, Triparty and Bilateral markets is also preferred. You will also provide backup to team members in other sectors. Contribution to portfolio strategy meetings and other projects as assigned in support of department goals and objectives will be expected.
What you have
Required:
- 7 years relevant experience with an emphasis on a mix of the following: fixed income trading or portfolio management, collateral swaps and underlying market structure, general capital markets, asset swaps trading, market risk or relevant Treasury-related functions, analytics
- 3 years of people leadership including overseeing diverse teams and motivating employees to achieve both tactical and strategic delivery goals
- Excellent quantitative and analytical skills; proficiency in Excel, PowerPoint, Bloomberg and other investment software
- Excellent oral and written communication skills; strong interpersonal and management skills with the ability to build cross-organizational relationships; ability to maintain broker relationships and negotiate trade executions
- Proven ability to work cross-functionally and influence stakeholders at all levels
- Strong attention to detail, analytical and problem-solving abilities
- Bachelor’s degree required; Master’s degree preferred
Three Critical Success Factors for the Role
- Ability to work efficiently by meeting deadlines without violating policy and/or regulatory limits or other constraints
- Ability to work effectively with internal and external counterparts
- Ability to multi-task while maintaining composure in a potentially stressful environment
Key responsibilities include:
- Managing portfolios to enhance yields within acceptable risks and liquidity requirements
- Managing portfolios within the context of total balance sheet management
- Contributing to investment strategy decisions and presentations
- Contributing to analytics reporting and ALM modeling packages
- Leveraging technology and analytical tools to improve the portfolio management process
In addition to the salary range, this position is also eligible for bonus or incentive opportunities.