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.
Wasmer Schroeder Strategies offer a wide range of fixed income separately managed accounts across the duration, credit, and tax-efficiency spectrums. The choices include actively managed and bond ladder portfolio strategies with both taxable and tax-exempt debt securities. Portfolio management for Wasmer Schroeder Strategies is provided by Charles Schwab Investment Management, Inc.
The Wasmer Trading & Trade Support team provides operational control and oversight to the portfolio managers (PMs) & traders as it relates to daily trade processing, settlements, and ongoing account maintenance. The Specialist is an integral part of the broader team by not only ensuring accuracy of work, but also through open communication and collaboration.
Key job responsibilities will include, but not be limited to:
Account onboarding and maintenanceCash and position reconciliation identifying, investigating, and resolving trade, cash, and position issuesTrade confirmation, transmission, and settlementCommunicating with and monitoring our external vendors (brokers, prime brokers, custodians, accountants, etc.) and internal partnersSecurity Operations support for corporate actions, security maintenance and valuationFollow established risk framework to secure adherence to control environmentEnsuring data integrity and assisting with system maintenanceAssist in the completion of Internal Audits and reviewsAssist in the completion of operational projectsFind efficiencies by leveraging low tech solutions in our current workflows Liaison between operational teamsProvide support for managers on critical issues What you haveRequired Qualifications:
1-2 years of experience in middle office trade operationsExperience and/or education related to the finance industryPreferred Qualifications:
Bachelor’s degree or equivalent experience preferredExperience with separately managed accounts preferredAbility to work under pressure and within tight deadlinesFamiliarity with trading and settlement processes for fixed income instrumentsDemonstrate good judgment when selecting methods and techniques for obtaining solutionsAbility to work in small groups as well as independentlyStrong communication, teamwork, and relationship building skillsAbility to identify and solve issues proactively and independently with minimal instruction on day-to-day work in operational processesKnowledge of Microsoft Office Suite and other industry related softwareIn addition to the salary range, this role is also eligible for bonus or incentive opportunities.
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At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry.
We offer a competitive benefits package to our full-time employees that takes care of the whole you – both today and in the future:
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 Application FAQsSoftware Powered by iCIMS
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