Senior Specialist, Treasury Capital Markets – Rates, Funding & Money Markets

Charles Schwab Inc.•Lone Tree, CO

1d•$38 - $46•Onsite

About The Position

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 Senior Specialist role reports to the Senior Manager, Head of Rates, Funding & Money Markets, and joins a team of traders responsible for the execution of treasury buy/sell activity (rates), repo and FHLB borrows (funding), and commercial paper, reverse repo, and working capital redemptions/purchases (money markets). The role provides critical day-to-day execution and coverage across funding and investment activities, helping manage short-term liquidity, optimize excess cash, and support collateral positioning across entities subject to various Treasury constraints. As Corporate Treasury expands balance sheet optimization capabilities, the role will contribute to the development of additional strategies, including collateral optimization initiatives and broader rates capabilities. You’ll find a fast-moving, high-visibility role with meaningful ownership, supported by leaders who value your perspective and invest in your growth.

Requirements

3+ years of experience in Treasury, Finance, and/or rates, funding and money markets, including 2+ years at an institution of similar size and complexity to Charles Schwab.
Bachelor’s degree in Finance, Economics, Mathematics, or a related field.
Strong understanding of fixed-income concepts and experience executing rates, funding and money market instruments (e.g., Treasuries, repurchase agreements, FHLB advances, Federal Reserve facilities, commercial paper, and money market funds).
Demonstrated interest in macroeconomic and rates/funding market developments, with the ability to translate market insights into clear recommendations and trade-off analysis for leadership.
Knowledge of key Treasury concepts (ALM, interest rate risk, liquidity risk, and capital risk) and familiarity with prudential regulations and supervisory processes applicable to institutions of similar size and complexity to Charles Schwab.
Working knowledge of clearing, custody, and trade settlement processes across major fixed-income and funding instruments.
Strong stakeholder management skills, with the written and verbal communication ability to develop executive-ready materials and facilitate strategic decisions on balance sheet management.
Proficiency with Bloomberg, including core functions for rates, funding, and fixed-income instruments in a fast-paced market environment.
Proven ability to manage multiple high-priority initiatives under tight timelines while maintaining sound judgment and control discipline.

Nice To Haves

Familiarity with collateral management—including the ability to upgrade/downgrade collateral via collateral swaps—is a plus.
Experience with Calypso or a comparable Treasury Management System (preferred).

Responsibilities

Execute and support treasury buy/sell activity (rates), repo and FHLB borrows (funding), and commercial paper, reverse repo, and working capital redemptions/purchases (money markets) to manage short-term liquidity and ensure efficient use of excess cash across entities.
Provide primary and backup desk coverage across funding and investment activities, ensuring continuity of execution and adherence to strong controls and accuracy across transactions.
Take ownership of select funding and investment activities, with accountability for execution quality, market awareness, and alignment with balance sheet objectives
Analyze rates, funding, and money markets to identify relative value opportunities and support investment and funding decisions that optimize return, liquidity usage, and balance sheet efficiency.
Evaluate and support funding and investment trade-offs across products (e.g., repo vs. FHLB or reverse repo vs. commercial paper), incorporating market conditions and balance sheet considerations.
Partner with key Treasury, Corporate Controllers, Technology, & Regulatory stakeholders to align execution with liquidity needs, balance sheet strategy, and control requirements.
Assist with the configuration and enhancement of front office systems used for system-of-record reporting of investment and funding positions.
Contribute to the implementation of new levers critical to efficient collateral management to meet regulatory requirements, including collateral optimization initiatives (e.g., upgrades/downgrades)
Build and maintain street facing relationships with external counterparties to ensure best execution and consistent access to investment opportunities and liquidity across market environments.