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. Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

This role offers a unique opportunity to work at the intersection of alternative investments, credit risk, and high‑net‑worth lending, supporting the growth of innovative lending solutions.

We are seeking an Alternative Investment Lending Analyst to support the underwriting, collateral review, and ongoing risk assessment of loans secured by non‑traditional and illiquid assets. This role will focus on evaluating alternative investment collateral—including private company stock, alternative investment funds, and structured notes—and supporting credit decisions for high‑net‑worth borrowers.

The analyst will work closely with credit, risk, legal, and product partners to assess collateral eligibility, inform advance rates, and support the development of scalable underwriting and monitoring frameworks for alternative asset‑backed lending programs

What you will do: 

Analyze and assess alternative investment collateral, including:

Private equity, private credit, real estate, and other alternative investment fundsStructured notes and other complex structured productsPrivate, restricted, or closely‑held stock

Review offering documents (e.g., PPMs, subscription agreements, indentures) to evaluate:

Asset structure, liquidity, leverage, and valuation methodologyTransfer restrictions, pledgeability, and control considerationsSponsor quality and governance featuresProvide written credit analysis on alternative investment collateral

Support underwriting of high‑net‑worth borrowers, including analysis of:

Borrower liquidity, net worth, and repayment capacityConcentration risk and portfolio diversification

Assist in determining appropriate advance rates and risk mitigants based on:

Asset volatility and liquidityBorrower strength and overall collateral mix

Support post‑origination monitoring of alternative collateral, including:

Periodic valuation reviewsSponsor or structure changesConcentration and exposure trackingWhat you have

Required Qualifications:

5+ years of experience in one or more of the following:

Alternative investment analysis (PE, private credit, real assets, hedge funds)Credit underwriting or risk managementWealth management, private banking, or HNW lending

Hands‑on experience reviewing alternative investment structures and documentation

Familiarity with lending to high‑net‑worth borrowers and assessing borrower financial strength

Strong understanding of:

Alternative asset liquidity, valuation, and risk characteristicsCredit fundamentals and underwriting principles

Ability to synthesize complex legal and financial documents into clear risk assessments

Strong written and verbal communication skills, particularly for credit memos and stakeholder discussions

Detail‑oriented with sound judgment in evaluating non‑standard risks

Exposure to collateralized lending or asset‑backed credit

Preferred Qualifications:

CFA designation or progress toward CFA (a plus, not required)

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

401(k) with company match and Employee stock purchase planPaid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positionsPaid parental leave and family building benefitsTuition reimbursementHealth, dental, and vision insurance Apply Save job