Director, Counterparty Credit Risk

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.

First line Finance Risk Management (FRM) is an in-business strategic risk function within Finance that designs and implements a cohesive risk management strategy and framework to adequately identify and mitigate risk while supporting innovation and business growth. The mandate encompasses liquidity, capital, market, counter party credit, and regulatory risk management across the Finance organization.

FRM partners closely with business stakeholders and second line Corporate Risk Management to enhance risk management practices, governance, and decision making while safeguarding the firm’s financial resiliency and enabling strategic business initiatives.

We are seeking a Director, Counter party Credit Risk – Securities Financing to lead the firm’s first-line counter party credit risk program for securities financing activities. Reporting to the FRM Head of Strategy & Analytics, this role will provide strategic leadership for counter party credit risk management across agent lending, securities lending, repurchase agreements, and other secured financing activities. The Director will lead a team of managers while serving as a key partner to Treasury, Corporate Risk Management, Legal, Operations, and senior leadership.

• Bachelor's degree in Finance, Economics, Business, or related field.
• 10+ years of experience in counter party credit risk, credit risk management, treasury, securities financing, capital markets, banking, or related financial services disciplines.
• Demonstrated leadership experience with the ability to build, develop, and lead high-performing teams.
• Deep understanding of financial institution credit analysis, including banks, broker-dealers, custodians, agent lenders, clearing organizations, and other market participants.
• Significant experience evaluating counter party exposures associated with securities lending, repurchase agreements, agent lending, derivatives, or other financing transactions.
• Strong understanding of collateral management, margin methodologies, netting arrangements, exposure measurement, and credit risk mitigation techniques.
• Experience establishing risk governance frameworks, limits, policies, and management reporting.
• Proven ability to influence senior executives and lead cross-functional initiatives.
• Strong analytical, quantitative, communication, and strategic thinking skills.

• 5+ years of people leadership experience leading high-performing teams.
• Experience leading counter party credit risk, institutional credit risk, treasury risk, or capital markets risk functions.
• Knowledge of securities financing market structure, custody models, settlement processes, tri-party collateral management, and clearing infrastructure.
• Experience interacting with executive management, risk committees, regulators, and auditors.
• Familiarity with Basel III, liquidity regulations, capital requirements, counter party credit risk regulations, and other prudential frameworks.
• Experience managing portfolio analytics, stress testing, scenario analysis, and quantitative risk reporting.
• CFA, FRM, CPA, or other relevant professional designation.
• Experience with data analytics and reporting tools such as SQL, Python, Tableau, Power BI, Alteryx, or related technologies.

• Lead the first-line counter party credit risk program for securities financing activities, including agent lending, securities lending, repurchase agreements, and other secured financing transactions.
• Manage and develop a…