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 Liquidity Risk Oversight (LRO) Function is situated within the Financial Risk Management (FRM) department under the Corporate Risk Management (CRM) organization. The team’s primary function is to provide independent oversight and effective challenge of the firm-wide liquidity risk management.
What You’ll Do
- Lead the LRO team responsible for maintaining and enhancing liquidity risk oversight framework covering risk identification, monitoring, escalation, and reporting
- Liaise with the 1LOD to understand, analyze and draw conclusions with respect to potential funding and liquidity risks
- Perform gap assessment against industry standards/regulatory requirements, work cross-functionally to close gaps
- Ensure effective communication of risk to senior management and the Board
- Lead critical projects with high visibility and impact, including any related regulatory remediation
- Work with data governance and model risk teams to support efficient analytics platforms, including daily liquidity monitoring and Liquidity Stress Testing
This is a people leader role reporting into the Managing Director of Financial Risk Management.
What you have
The Director, Liquidity Risk Oversight must have experience working in financial institutions, preferably both bank and broker-dealer, possess great partnership skills coupled with an ability to challenge, and effective verbal and written communication skills.
The Following Qualifications Are Required
- Bachelor’s degree in Finance, Economics, or business related field
- 5+ years of working in a financial institution in Treasury or Financial Risk Oversight functions
- Familiarity with regulations pertaining to liquidity (Reg LL/YY, SR 10-6)
- Knowledge of bank and broker-dealer’s balance sheet
- Excellent communication and interpersonal skills, ability to challenge and interact cross-functionally
- Strong process orientation and analytical skills
- Self-motivated, able to multi-task and perform under strict deadlines
The Following Qualifications Are Preferred
- 10+ years of working in financial institution subject to Prudential Standards in Treasury or Financial Risk Oversight functions
- A Master’s degree in business related field or CFA/other related certification
- Experience managing high-performing teams
- Experience creating presentations for executive audiences
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 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
