Manager, Bank Accounting – Investments and Borrowings

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.

Responsibilities

• Manage accounting for the investment securities portfolio and borrowing activities across multiple legal entities, including the monthly close, journal entries, reconciliations, analysis, and reporting support.
• Partner with Treasury and liquidity teams on new investment activities and funding initiatives, including repurchase agreements, FHLB and Federal Reserve funding sources, and other balance sheet management activities, to support appropriate accounting treatment and system readiness.
• Review monthly close results, variance analyses, reconciliations, and schedules supporting financial, SEC, and regulatory reporting for investments and borrowings.
• Maintain and adhere to SOX controls, lead discussions with the SOX compliance team, and participate in periodic internal audit reviews.
• Work closely with technology teams to implement enhancements, improve processes, and expand automation opportunities.
• Investigate and resolve reconciling items within the portfolios through thorough analysis and documentation.

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