Manager, Treasury Cash Management

Overview

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 Manager 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 Manager 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 and external deadlines and to manage cash balances effectively.

The Cash Manager 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.

• Perform daily oversight, management, and performance reporting of the daily cash forecasting and cash management functions for each of the large subsidiaries. Serve as main point of contact on administrative or operational matters and ensure operational effectiveness and efficiency.
• Regularly monitor, suggest, and implement improvements to further optimize cash management and cash concentration techniques to efficiently manage cash flows.
• Evaluate and integrate treasury cash management products, services, and technologies that are available and appropriate for the team and firm overall.
• 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.
• Maintain and enhance Treasury Workstations, primarily GTreasury and EPP.
• Drive and support automation and modernization efforts.
• Adhere to policies and procedures to comply with regulatory agency requirements including the Federal Reserve Bank and FINRA as well as internal policies applicable to the cash management function.

• The following qualifications are required: Bachelor’s degree in Finance, Economics, or business related field
• 4+ years of experience in a financial institution in Treasury or Financial Risk Oversight functions
• Knowledge of financial institution’s balance sheet and cash flow mechanics
• Excellent communication and interpersonal skills, ability to challenge and interact cross-functionally
• Proven ability to work effectively in a team environment
• Accuracy, attention to detail and ability to maintain composure under tight time constraints
• Strong process orientation and analytical skills
• Ability to multi-task while maintaining composure in a potentially stressful environment
• Knowledge of Treasury workstations, Fedwire, SWIFT and correspondent bank funds transfer systems
• Intermediate skills in Excel essential, advanced skills preferred
• Self-motivated, able to prioritize tasks to perform under strict deadlines

• 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 or other related certification
• Experience with automation tools such as UiPath, Tableau, SQL, Power-Automate and/or Alteryx

• Daily oversight, management, and performance reporting of daily cash forecasting and cash management for the large subsidiaries; serve as main point of contact on administrative or operational matters and ensure operational effectiveness and efficiency.
• Monitor, suggest, and implement improvements to optimize cash management and cash concentration techniques.
• Evaluate and integrate treasury cash management products, services, and technologies for the team and firm.
• Assist in developing methodologies for cash forecasting of Bank and Broker/Dealer cash flows.
• Enter and approve wire transfer requests.
• Prepare daily management…