Manager, Asset Liability Management (ALM)

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Job ID:
20170914-4759
Job Category:
Accounting/Finance
Relevant Work Experience:
Financial Services-6+ yrs, Accounting and Finance-2-5 yrs, Accounting and Finance-6+ yrs, Financial Services-2-5 yrs, Banking-6+ yrs, Banking-2-5 yrs
Current Licenses / Certifications:
None
Position Located In:
IL - Chicago
Education:
BA/BS
Job Type:
Full Time
Description:

Chicago - IL, IL150SW, 150 S Wacker Dr, 60606-4111
Jessie M. Golden
20170914-4759

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 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:

This is a critical position in Treasury ALM, responsible for modeling net interest income (NII) generated by the assets and liabilities on the balance sheets of the Corporation and affiliates, as well as capital and funding actions under specified economic scenarios, more specifically related to Capital Stress Test scenarios for CCAR and DFAST compliance. The Treasury ALM team works closely with senior finance leadership, Treasury, and Risk Management to develop long and short term financial forecasts for Charles Schwab and its operating entities.

What you’ll do:

  • Perform net interest income (NII), balance sheet forecasting, and capital projections
  • Generate principal and interest cash flows, prepayments, and income for existing book and projected balances
  • Establish and calibrate risk factors used in scenario analyses
  • Back-test risk factor assumptions and periodic model calibration will require an in-depth understanding of fixed income instruments, interest rate, and prepayment modeling
  • Present and communicate NII and capital scenario results to senior management on a regular basis
  • Quantify NII and capital ratio forecast uncertainty implied by model assumptions
  • Provide insight into model functionality, capabilities, and limitations
  • Maintain documentation of modeling assumptions and methodologies
  • Generate NII and balance sheet results for stress tests and capital planning scenarios

What you have:

  • 3+ years of experience in banking or financial industry with emphasis on ALM, fixed income analytics, reporting and modeling
  • Experience with 3rd party ALM applications such as, Polypaths, Bancware or QRM
  • Relevant FP&A experience
  • Prior CCAR and/or DFAST filing and modeling experience
  • Ability to manage multiple deliverables concurrently.
  • Self-motivated, able to bring projects to their conclusion and maintain models with persistent inquiry
  • Strong attention to detail, analytical and quantitative skills
  • Strong written and verbal communication skills
  • Advanced knowledge of Excel, experience with SQL is desired but not a requirement
  • Bachelor's degree.  Master's degree in Finance, quantitative field or CFA designation preferred

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.


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.


Job Specifications
Relocation Offered?: No
Work Schedule: Days
Languages: English - spoken
Current Licenses / Certifications: None
Relevant Work Experience: Financial Services-6+ yrs, Accounting and Finance-2-5 yrs, Accounting and Finance-6+ yrs, Financial Services-2-5 yrs, Banking-6+ yrs, Banking-2-5 yrs
Position Located In: IL - Chicago
Education: BA/BS
Job Type: Full Time

Category:Accounting/Finance
Activation Date: Tuesday, September 19, 2017
Expiration Date: Monday, October 16, 2017
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Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

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.

The Charles Schwab Corporation provides a full range of securities, brokerage, banking, money management, and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (“Schwab”), Member SIPC , offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.