Banking Operations Associate

Pay range: USD $53,000.00 - $55,500.00 / Year

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 Banking Operations Associate - Wires is responsible for processing incoming and outgoing domestic and international wire transfers with accuracy, urgency, and strong risk awareness. This role operates in a fast-paced, high-risk money movement environment and plays a critical role in protecting clients and the firm by adhering to established policies, procedures, and regulatory requirements. The associate is expected to exercise sound judgment, identify potential risk or fraud indicators, and escalate issues appropriately.

What you will do:

As a Banking Operations Associate, you will process domestic and international wire transfers accurately and on time, following established procedures and compliance standards. Your duties include reviewing and validating wire instructions, prioritizing urgent or high-risk transactions, identifying and escalating potential risks or suspicious activities, and maintaining a high level of accuracy to minimize errors and operational risk. You will collaborate with team members and cross-functional partners to resolve issues, communicate professionally to address discrepancies or client inquiries, and stay current on procedures, policies, and system tools. Additionally, you are expected to participate in ongoing training, demonstrate accountability for your performance, and actively support risk management and continuous improvement efforts.

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.

What you have

To ensure that we have fulfilled our promise of 'challenging the status quo,' this role has specific qualifications that successful candidates should have.

Required Qualifications

• Strong attention to detail and ability to work accurately under time pressure
• Ability to follow procedures precisely while exercising sound judgment
• Basic understanding of banking risk, controls, and compliance concepts
• Proficiency in standard business applications and ability to learn new systems quickly

• 1+ year of experience in banking operations, money movement, or financial services preferred
• Prior experience processing wire transfers or ACH transactions
• Familiarity with domestic and international wire regulations and cut-off requirements
• Experience working in a high-volume or high-risk operational environment

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance