Senior Manager Treasury Settlement Services

Location: New York

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 Senior Manager, Treasury Settlement Services (TSS) leads critical trade verification, settlement, collateral, cash movement, and exception-management activities that support the firm’s Liquidity & Funding Management team. The role is accountable for reliable daily execution, strong controls, and effective coordination across Treasury, banking partners, custodians, technology teams, and other internal stakeholders.

The Senior Manager also supports the implementation, maintenance, and enhancement of trading, collateral, and treasury systems; develops business requirements and test scripts for system changes; and identifies, assesses, and escalates operational, market-infrastructure, banking, and regulatory concerns. This is a People Leader role with one or more direct reports.

What you have

At least 5 years of demonstrated experience in Treasury, settlement services, securities operations, liquidity operations, collateral management, or a related banking or broker-dealer environment, including experience leading professionals or projects.

Extensive experience working with third-party banks, custodians, clearing organizations, or correspondent settlement processes.

Strong understanding of trade confirmation and settlement, cash movements, reconciliations, exception management, and operational controls.

Experience with collateral management concepts and processes, including eligibility, initial and maintenance margin, concentration, and substitutions.

Knowledge of Treasury Management Systems, trade order management systems, Transcend Street, Bloomberg, Nasdaq Calypso, SWIFT Category 5 securities messages, DTCC / FICC RTTM, custodian platforms, Excel, and reporting or visualization tools such as Tableau.

Experience with fixed-income securities, derivatives such as interest-rate swaps, and associated collateral requirements.

Experience with asset-backed securities principal and interest processing is beneficial.

Working knowledge of finance and accounting in a banking, broker-dealer, or corporate Treasury environment.

Excellent analytical, strategic planning, problem-solving, written communication, and verbal communication skills.

Demonstrated ability to manage multiple priorities and deadlines while maintaining strong attention to detail and sound judgment.

Ability to build productive relationships with stakeholders at various levels and to influence outcomes across organizational boundaries.

Bachelor’s degree required, preferably in Finance, Economics, Accounting, Business, or a related field. A professional Treasury qualification, or progress toward one, is preferred.

What you'll do:

Lead daily Treasury settlement services supporting liquidity execution, including trade verification, cash and securities settlement, collateral movements, payment activity, exception resolution, and timely escalation of breaks or funding impacts.

Partner with the Liquidity & Funding Management team to align settlement readiness, cash positioning, collateral availability, and operational cutoffs with the firm’s funding and liquidity priorities.

Oversee settlement and collateral activity with third-party banks, custodians, clearing organizations, and counter parties, including investigation and resolution of failed, delayed, or unmatched activity.

Establish and maintain controls that safeguard corporate assets, support the integrity of Treasury systems, and enable accurate monitoring, measurement, reconciliation, and reporting.

Develop business requirements, operating procedures, test plans, and test scripts…