Senior Manager, Alternative Investment Analyst

Your OpportunityAt 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. Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.This role offers a unique opportunity to work at the intersection of alternative investments, credit risk, and high‑net‑worth lending, supporting the growth of innovative lending solutions.We are seeking an Alternative Investment Analyst to support the underwriting, collateral review, and ongoing risk assessment of loans secured by non‑traditional and illiquid assets. This role will focus on evaluating alternative investment collateral—including private company stock, alternative investment funds, and structured notes—and supporting credit decisions for high‑net‑worth borrowers.The analyst will work closely with credit, risk, legal, and product partners to assess collateral eligibility, inform advance rates, and support the development of scalable underwriting and monitoring frameworks for alternative asset‑backed lending programs.What you will do: Analyze and assess alternative investment collateral, including:Private equity, private credit, real estate, and other alternative investment fundsStructured notes and other complex structured productsPrivate, restricted, or closely‑held stockReview offering documents (e.g., PPMs, subscription agreements, indentures) to evaluate:Asset structure, liquidity, leverage, and valuation methodologyTransfer restrictions, pledgeability, and control considerationsSponsor quality and governance featuresProvide written credit analysis on alternative investment collateralSupport underwriting of high‑net‑worth borrowers, including analysis of:Borrower liquidity, net worth, and repayment capacityConcentration risk and portfolio diversificationAssist in determining appropriate advance rates and risk mitigants based on:Asset volatility and liquidityBorrower strength and overall collateral mixSupport post‑origination monitoring of alternative collateral, including:Periodic valuation reviewsSponsor or structure changesConcentration and exposure trackingWhat you haveRequired Qualifications:3+ years of experience in one or more of the following:Alternative investment analysis (PE, private credit, real assets, hedge funds)Credit underwriting or risk managementWealth management, private banking, or HNW lendingHands‑on experience reviewing alternative investment structures and documentationFamiliarity with lending to high‑net‑worth borrowers and assessing borrower financial strengthStrong understanding of:Alternative asset liquidity, valuation, and risk characteristicsCredit fundamentals and underwriting principlesAbility to synthesize complex legal and financial documents into clear risk assessmentsStrong written and verbal communication skills, particularly for credit memos and stakeholder discussionsDetail‑oriented with sound judgment in evaluating non‑standard risksExposure to collateralized lending or asset‑backed creditPreferred Qualifications:CFA designation or progress toward CFAMBA or related advanced degreeCAIA designationJob SummaryRequisition ID: 2026-125153Posted Date: 7 hours ago(8/14/2026 4:00 PM)Category: Risk & RegulatorySalary Range: USD $110,000.00 - $150,000.00 / YearApplication deadline: 9/6/2026Position Type: Full time