Manager of Treasury Settlement Services

Pay range: USD $93,200.00 - $125,000.00 / 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.

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.

The Manager of Treasury Settlement Services (TSS) is primarily responsible for all aspects of the trade lifecycle from post execution through to settlement. This includes the confirmation and custodian SWIFT notification processes for various fixed income and derivative asset classes. Other functions within this highly trained middle office team are collateral monitoring for various repos and secured loans. Post settlement, this position will be accountable for accurate securities pricing and data management within the Calypso / Adenza accounting and collateral management system.

Along with these operational functions, the successful candidate will be heavily involved in the implementation, maintenance, and support of trading and collateral management systems used in these processes for the Charles Schwab Corporation and its subsidiaries. The Manager develops requirements and test scripts used to lead implementations and upgrades of key systems used by TSS.

This is an Individual Contributor role with no direct reports. This position reports to the Director, Treasury Settlement Services.

What you'll do:

• Actively engage in middle office tasks, including identifying risks and implementing robust key Treasury controls for ongoing monitoring, measurement, and reporting.
• Proactively identify and drive improvements to controls and processes.
• Liaise directly with counterparties and custodian banks to ensure accurate and timely settlement of large cash and securities transactions.
• Lead ongoing internal audit reviews and update procedures.
• Support ad-hoc projects involving internal and external stakeholders.
• Engage and help lead the Treasury Settlement Services' primary functions of trade verification & settlement, collateral management, and exception processing to mitigate the operational and administrative risks associated with the portfolio management function.
• Maintain accurate static data related to accounting records and settlements while building more automated ways to improve data accuracy in the Treasury Settlement Services area.
• Initiates and supervises the maintenance of internal controls designed to safeguard corporate assets and the integrity of its fiscal systems.
• Continually evaluate and improve Treasury Settlement Services capabilities through process, technology, and people.

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:

• Bachelor's degree (Preference in Finance or Economics) with strong academic results.
• 5+ Years of experience in fixed income accounting OR fixed income settlement operations, including derivatives.
• Knowledge of custody and clearing industry best practices.
• Extensive experience in settlement operations with third-party bank custodians in either a broker/dealer or banking environments.
• Must possess the skills vital to work with business partners across the firm; build effective working relationships with various levels of employees within the Treasury organization.
• Extensive experience with collateral management systems. including but not limited to, collateral eligibility, initial and maintenance margin, concentration, and the substitution processes.
• Experience with asset-backed securities principal and interest calculation and processing.
• Experienced in derivative instruments, including Interest Rate SWAPS, and associated collateral requirements.
• Knowledge of trade order management systems, Bloomberg, SWIFT Category 5 Securities Markets Message Types, and correspondent custodian settlement systems and processes.
• Excellent analytical, strategic planning, problem resolution skills.
• Experience in finance and accounting, particularly in the bank and broker/dealer space.
• Knowledge of or willingness to learn new technical skills e.g., Treasury Management System, Excel, Bloomberg, Tableau, Alteryx, SWIFT, and Nasdaq Calypso.

Preferred Qualifications:

• Demonstrated experience leading middle office projects.
• Proven ability to multi-task while maintaining composure in a potentially stressful deadline-driven environment and to work quickly and effectively with internal and external counterparts.
• Strong team player and proven capability to work collaboratively.
• Ideally hold (or be studying towards), a professional Treasury qualification.
• Ideally experience within a Corporate Treasury/Compliance function.
• The ability to manage both internal and external stakeholder relationships.
• Keen attention to detail.
• Desire to drive change, innovate and problem-solve.

In addition to the salary range, this role is also eligible for bonus or incentive opportunities

What's in it for you

At Schwab, you're empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration-so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you - both today and in the future:

• 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

Client-provided location(s): Westlake, TX

Job ID: CharlesSchwab-2025-115800

Employment Type: OTHER

Posted: 2025-10-03T19:21:56