Senior Specialist - Treasury Cash Management

Overview

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.

• 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

• 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

• 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.

• 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