Head of strategy business management

Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.
The Balance Sheet Strategy team within Corporate Treasury leads firm-wide balance sheet management strategy, investment allocation and portfolio optimization, market risk management, funds transfer pricing (FTP), asset/liability management (ALM) derivatives hedging, and rates and funding execution. The team manages fixed-income investment portfolios across several legal entities totaling more than $250B and executes cash optimization and wholesale funding actions supporting approximately $500B of total balance sheet assets. We also oversee off-balance-sheet derivatives portfolios, including ~$60B notional for interest rate risk (IRR) management and ~$75B in brokered deposit agreement notional investments.
This Manager role reports to the Senior Manager, Derivatives, Hedging, and BDA Management Lead. You will join a team of traders responsible for Corporate Treasury’s derivatives hedging program and management of third-party bank deposit account (BDA) sweep notional investments —supporting ALM objectives and mitigating interest rate risk arising from normal business activities across the firm.
guide system implementation and testing; You will collaborate closely across Treasury and key partners including investment portfolio and funding traders, Financial Risk Management, Corporate Controllers, and Technology. As Corporate Treasury expands derivatives capabilities, you will help implement new hedging strategies and ALM initiatives while ensuring disciplined execution in a controlled environment across multiple legal entities.
3+ years of experience in Treasury, Finance, and/or ALM, with progressively increasing responsibility.

Bachelor’s degree in Finance, Economics, Mathematics, or a related field.

Experience developing and executing interest rate hedging strategies, including building and maintaining external counterparty relationships.

Strong understanding of fixed income concepts including both linear and non-linear derivatives risk.

Active interest in macro and market developments across rates, swaps, and volatility—and the ability to translate those developments into recommendations aligned to Treasury constraints and trade-offs.

Working knowledge of key Treasury/ALM concepts across interest rate, liquidity, and capital risk, including relevant prudential regulations and supervisory processes for institutions of similar size and complexity.

Emotional intelligence and executive presence, with strong written and verbal communication skills to build materials and facilitate strategic decisions on balance sheet management.

Experience with Calypso or similar Treasury Management Systems (preferred).

Proven ability to manage multiple high-priority initiatives under time pressure while maintaining composure.

Join a team of traders executing derivatives and BDA investments used to hedge interest rate risk and support ALM outcomes across multiple legal entities and Treasury constraints; Develop analytics and reporting to manage hedge performance and exposures with an emphasis on automation; help configure and enhance front-office systems used for derivatives position management and hedge accounting workflows.

Analyze rates markets and partner with Treasury stakeholders to assess structural interest rate risk exposures; Monitor Schwab’s interest rate derivatives portfolio, BDA investments and hedge strategies to optimize risk and profitability objectives; Serve as a technical resource to Treasury and business partners on hedging impacts to fixed income portfolios, client lending, funding, and other off-balance-sheet exposures.

Partner with Treasury teams to optimize overall ALM positioning and manage ongoing financial risks consistent with the firm’s strategic goals and risk appetite.

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

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.
401(k) with company match and Employee stock purchase plan
Paid parental leave and family building benefits
Tuition reimbursement
Health, dental, and vision insurance

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