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Charles Schwab & Co., Inc

Manager, Asset Liability Management (ALM)

Charles Schwab & Co., Inc - Chicago, IL



Job Description
Description: Chicago - IL, IL150SW, 150 S Wacker Dr, 60606-4111Jessie M. Golden20170914-4759We 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 projectionsGenerate principal and interest cash flows, prepayments, and income for existing book and projected balancesEstablish and calibrate risk factors used in scenario analysesBack-test risk factor assumptions and periodic model calibration will require an in-depth understanding of fixed income instruments, interest rate, and prepayment modelingPresent and communicate NII and capital scenario results to senior management on a regular basisQuantify NII and capital ratio forecast uncertainty implied by model assumptionsProvide insight into model functionality, capabilities, and limitationsMaintain documentation of modeling assumptions and methodologiesGenerate NII and balance sheet results for stress tests and capital planning scenariosThis is an individual contributor roleWhat you have:3 years of experience in banking or financial industry with emphasis on ALM, fixed income analytics, reporting and modelingExperience with 3rd party ALM applications such as, Polypaths, Bancware or QRMRelevant FP&A experiencePrior CCAR and/or DFAST filing and modeling experienceAbility to manage multiple deliverables concurrently. Self-motivated, able to bring projects to their conclusion and maintain models with persistent inquiryStrong attention to detail, analytical and quantitative skillsStrong written and verbal communication skillsAdvanced knowledge of Excel, experience with SQL is desired but not a requirementBachelor's degree.  Master's degree in Finance, quantitative field or CFA designation preferredWhat you’ll get:Comprehensive Compensation and Benefits packageFinancial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discountsWork/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts ProgramEveryday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness ChampionsInclusion: Employee Resource Groups, Commitment to diversity, Strategic partnershipsNot 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?:NoWork Schedule:DaysLanguages:English - spokenCurrent Licenses / Certifications:NoneRelevant 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 yrsPosition Located In:IL - ChicagoEducation:BA/BSJob Type:Full Time Category:Accounting/Finance Activation Date: Tuesday, September 19, 2017 Expiration Date: Thursday, March 1, 2018 Apply Here

6 days 9 hours ago

Charles Schwab & Co., Inc

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Manager, Asset Liability Management (ALM) Charles Schwab & Co., Inc - Chicago, IL, United States

   

Location: Chicago, IL

Company Profile:
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. Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Schwab. Independent investment advisors are not owned, affiliated with, or supervised by Schwab. Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company provide recordkeeping and related services with respect to retirement plans. Charles Schwab received the highest numerical score in the J.D. Power 2016 Full Service Investor Satisfaction Study, based on 6,006 responses from 20 firms measuring opinions of investors who used full-service investment institutions and we are surveyed in January 2016. To arrive at the top 50 Most Admired Companies overall (our “All-Stars”), Korn Ferry Hay Group asked 4,000 executives, directors, and securities analysts who had responded to the industry surveys to select the 10 companies they admired most. They chose from a list made up of the companies that ranked in the top 25% in last year’s surveys, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry. The difference in the voting rolls is why some results can seem anomalous. For example, St. Jude Medical ranks No. 40 on the overall Most Admired list, returning after a two-year hiatus. But within the medical products and equipment subgroup, St. Jude Medical, based on its peers’ responses, missed the “Industry Standouts” cut by ranking in the bottom half of the group. (0416-EXLH) 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.