Senior Manager, Financial Risk Program Management
About The Position
The Financial Risk Program Management (FRPM) team within Corporate Risk Management provides independent second-line oversight across financial risk programs at Schwab. The team is responsible for strengthening governance, policies and standards, risk assessments, controls oversight, testing, and issue management to ensure these activities are consistently designed, executed, and aligned with regulatory and enterprise expectations. As part of the Financial Risk Management group, FRPM enables informed financial risk decisions through credible, transparent, and effective independent oversight and program management. The FRPM team is seeking a Senior Manager to join its multi-functional team in an individual contributor capacity. In this role, you will help advance the team’s second-line oversight of financial risk by enhancing governance, strengthening internal controls oversight, supporting risk assessment and issue management activities, and maintaining policies, standards, and procedures that align with the Firm’s risk appetite and regulatory expectations.
Requirements
- Bachelor’s degree
- 8 to 10 years of working experience within the financial services industry, preferably with a focus on treasury or financial risk management (credit, market, capital and liquidity)
- Deep knowledge of regulatory governance requirements in financial risks
Nice To Haves
- CFA, FRM certification or MBA in finance
- 5+ years’ experience in RCSA methodology and principles
- Well-developed organizational and interpersonal skills
- Excellent written and verbal communications skills to interact with business partners and senior management
- Demonstrated ability to use good judgment and to work independently
- Flexibility and ability to adapt to changing requirements and assignments
Responsibilities
- Lead second-line financial risk identification and assessment activities for the firm’s annual capital stress testing program, including identification of material risk drivers, development of supporting narratives, and appropriate event creation
- Oversee documentation of effective challenges for the firm’s annual capital stress testing program, including supporting successful remediation and providing reports to capital stress testing governance forums
- Identify and drive opportunities to automate governance workflows to improve consistency, scalability, and alignment with requirements
- Support model governance oversight for FRM through activities such as issue remediation
- Perform second-line oversight of financial risk RCSA activities, including review and challenge of risk and control assessments, issue identification, and issue management across credit, market, liquidity, capital, and related financial risk areas
- Enhance key elements of the financial risk management program, including governance, policies, frameworks, standards, and procedures, to support effective oversight of financial risks
- Support emerging strategic and program initiatives on behalf of Financial Risk Management, including cross-functional efforts to strengthen financial risk governance, oversight, and execution
- Serve as a primary second-line point of contact for financial risk stakeholders, including FRM subject matter experts, Treasury, Enterprise & Operational Risk Management, and Internal Audit, to support coordination, credible challenge, and program execution
- Apply strong knowledge of financial risk regulatory requirements and supervisory expectations, including Enhanced Prudential Standards, Regulation LL, Regulation WW, SR 10-6, and SR 26-2, to strengthen financial risk policies, processes, and governance
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What This Job Offers
Job Type
Full-time
Career Level
Senior
