What are the responsibilities and job description for the Senior Specialist - Treasury Cash Management position at Charles Schwab Inc.?
Your Opportunity
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 Cash Management Senior Specialist is part of a team, responsible for forecasting and managing the daily cash position of Charles Schwab Corp and its subsidiaries, primarily Charles Schwab Bank and Charles Schwab & Co. Inc. The Cash Management Senior Specialist forecasts and communicates changes in daily cash balances to the investment portfolio managers and proactively handles activities required to meet funding obligations, including executing wire transfers to meet internal & external deadlines and to manage cash balances effectively. The Cash Management Senior Specialist assures compliance with all internal policies and procedures that pertain to the cash management team, as well as all rules and regulations applicable to the position.
What you have
The following qualifications are required:
College Degree in Finance or Business
2 – 8 years of experience in financial services, cash management, wire transfer operations or bank operations
Strong interpersonal and communication skills
Ability to work effectively with internal and external counterparts.
Proven ability to work effectively in a team environment
Excellent math and analytical skills
Accuracy, attention to detail, and ability to maintain composure while meeting tight time constraints
Ability to multi-task while maintaining composure in a potentially stressful environment
Knowledge of Treasury workstations (GTreasury), Fedwire, SWIFT and correspondent bank funds transfer systems
Intermediate skills in Excel essential, advanced skills preferred
The following qualifications are preferred:
Extensive technical knowledge
Ability to interact effectively with management and external bank contacts to resolve operational issues and propose new business practices.
Treasury or Financial Risk Oversight functions
Knowledge of Treasury Workstations and data integration (Example: API)
A Master’s degree in business related field or CFA/CTP/Series 7 other related certification
Experience with automation tools such as UiPath, Tableau, SQL, Power-Automate and/or Alteryx
What you'll do:
Manage the intra-day and overnight cash balances for Charles Schwab Corp and its subsidiaries, primarily Charles Schwab Bank and Charles Schwab & Co. Inc.
Coordinate daily liquidity needs to maximize investment returns
Assist in the development of methodologies for cash forecasting of both Bank and Broker/Dealer cash flows
Enter and approve wire transfer requests
Prepare daily management reporting and ensure compliance with liquidity policies and guidelines
Adhere to policies and procedures to comply with the various regulatory agency requirements including the Federal Reserve Bank and FINRA as well as internal polices applicable to the cash management function
Reviews and analyzes the performance of various procedures to make recommendations for improvements
In addition to the salary range, this position is also eligible for bonus or incentive opportunities
Salary : $28 - $58