Manager, Fund Services and Custody Operations

Charles Schwab Corporation•Lone Tree, CO

53d•Onsite

About The Position

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 locations. Schwab Asset Management (SAM) is the asset management arm of the Charles Schwab Corporation. SAM delivers a wide variety of products including mutual funds, exchange-traded funds (ETFs), money market funds, collective investment trusts (CITs), and Separately Managed Accounts (SMAs). The overall SAM team embodies our firm's commitment to providing client-centric solutions that help Schwab clients achieve their financial goals. It is the goal of the SAM Fund Services team to actively contribute to the success of our proprietary mutual funds and ETFs, and bank collective trust funds. The Manager position within Fund Services will play an important role in the day-to-day oversight of custody operations. The Manager will also be an integral part of the broader organization by not only ensuring accuracy of work, but also through open communication and collaboration within a dynamic team. This will be an individual contributor role and will report to a Senior Manager People Leader on the team.

Requirements

Bachelor's degree required (Degree in Business, Finance, or Economics highly preferred)
Minimum 3 years of experience within the Financial Services industry, particularly in the Mutual Fund/ETF space

Nice To Haves

Experience with global market account applications/documentation for 40 Act mutual funds
Strong organizational skills with the ability to balance competing priorities in adherence to strict timeframes and deadlines
Demonstrated problem solving skills
Proven verbal communication and presentation skills and ability to interact with all levels in the SAM Fund Administration teams and with other external/internal partners
Strong attention to details
Drive and skillset to identify areas of opportunity and implement effective change and automation
Ability to work independently and with a team on executing risk and control oversight of internal and vendor processes, while ensuring deadlines are met, data is accurate, and the end-product adds value
Willingness to think outside the box and challenge assumptions in the spirit of creating efficiencies

Responsibilities

Preparation, review, and coordination with global custodians and internal partners on the execution of varying global market documentation, including but not limited to the following:
Subcustodian account opening documentation for 40 Act mutual funds and ETFs in various markets
Submission and maintenance of global tax forms and proxy voting Power of Attorney documentation
Daily review of global market updates and timely dissemination of information to Portfolio Managers, Traders, Middle Office, Fund Accounting, Tax, and Valuation teams. Ability to analyze applicability of information to our funds and clarify with custodians questions as they arise
Follow up on cash and share reconciliation exceptions, failed trade settlement, and outstanding corporate actions
Facilitate various aspects of the onboarding and maintenance of third-party Repurchase agreements, including contract negotiations, annual counterparty reviews, weekly and monthly meetings.
Substantial security ownership monitoring and reporting for the Schwab funds, ETFs, and SMAs
Fund liquidity, TMPG and ETF collateral oversight
Proxy voting oversight and related regulatory filing requirements