Senior Specialist, Treasury Capital Markets – Rates, Funding & Markets

Schwab remains committed to providing increased visibility to career growth opportunities and job requirements. This posting announcement is part of increased transparency and while all qualified applicants will be reviewed and considered, this organization has a preferred candidate identified for this 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.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

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. The team manages fixed‑income investment portfolios across several legal entities totaling more than $250B and executes cash optimization and wholesale funding actions supporting approximately $500B of total balance sheet assets.

We also oversee off-balance-sheet derivatives portfolios, including ~$60B notional for interest rate risk (IRR) management and ~$75B in brokered deposit agreement notional investments.

This Senior Specialist role reports to the Senior Manager, Head of Rates, Funding & Money Markets, and joins a team of traders responsible for the execution of treasury buy/sell activity (rates), repo and FHLB borrows (funding), and commercial paper, reverse repo, and working capital redemptions/purchases (money markets).

The role provides critical day-to-day execution and coverage across funding and investment activities, helping manage short-term liquidity, optimize excess cash, and support collateral positioning across entities subject to various Treasury constraints.

As Corporate Treasury expands balance sheet optimization capabilities, the role will contribute to the development of additional strategies, including collateral optimization initiatives and broader rates capabilities.

You’ll find a fast-moving, high-visibility role with meaningful ownership, supported by leaders who value your perspective and invest in your growth.

• Execute and support treasury buy/sell activity (rates), repo and FHLB borrows (funding), and commercial paper, reverse repo, and working capital redemptions/purchases (money markets) to manage short-term liquidity and ensure efficient use of excess cash across entities.
• Provide primary and backup desk coverage across funding and investment activities, ensuring continuity of execution and adherence to strong controls and accuracy across transactions.
• Take ownership of select funding and investment activities, with accountability for execution quality, market awareness, and alignment with balance sheet objectives
• Analyze rates, funding, and money markets to identify relative value opportunities and support investment and funding decisions that optimize return, liquidity usage, and balance sheet efficiency.
• Evaluate and support funding and investment trade-offs across products (e.g., repo vs. FHLB or reverse repo vs. commercial paper), incorporating market conditions and balance sheet considerations.
• Partner with key Treasury, Corporate Controllers, Technology, & Regulatory stakeholders to align execution with liquidity needs, balance sheet strategy, and control requirements.
• Assist with the configuration and enhancement of front office systems used for system-of-record reporting of investment and funding positions.
• Contribute to the implementation of new levers critical to efficient collateral management to meet regulatory requirements, including collateral optimization initiatives (e.g., upgrades/downgrades)
• Build and maintain street facing relationships with external counter parties to ensure best execution and consistent access to investment opportunities and liquidity across market environments.

• 3+ years of experience in Treasury, Finance, and/or rates,…