Manager Balance Sheet Strategy – Interest Rate Derivatives, Hedging and BDA Management

About the Role

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. 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.

Responsibilities

• 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; establish rigorous controls and documentation to ensure accuracy and coverage across instruments.
• 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; design and recommend hedges using swaps, caps, floors, collars, spreads, and swaptions.
• Implement ALCO-approved enhancements to hedging capabilities, including expanded non-linear strategies, enhanced use of the Portfolio Layer Method, and hedges of FX exposure.
• Monitor Schwab's interest rate derivatives portfolio, BDA investments and hedge strategies to optimize risk and profitability objectives; partner with Corporate Controllers to support appropriate GAAP hedge accounting (ASC 815).
• 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.

Requirements

• 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.
• Strong knowledge of interest rate derivatives markets, conventions, and industry standards, including experience executing derivative transactions and applying hedge accounting.
• 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).
• Proficiency with Bloomberg, including core derivatives functions needed to operate in a fast-paced market environment.
• Proven ability to manage multiple high-priority initiatives under time pressure while maintaining composure.

Compensation

• USD $85,500.00 - $174,800.00 / Year

Benefits

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance