Charles Schwab

Senior Manager – ALM Strategy: Interest Rate Derivatives and Hedging

Charles Schwab

Westlake, TX, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Welcome to Charles Schwab, where we believe in empowering individuals to achieve their financial goals. We are currently seeking a highly experienced and driven Senior Manager to join our team as the lead for ALM (Asset Liability Management) Strategy, specifically focused on Interest Rate Derivatives and Hedging. In this role, you will play a crucial part in shaping and executing our ALM strategy, while also providing expert guidance and leadership in the area of interest rate derivatives and hedging. We are looking for an individual with a strong background in financial risk management, excellent analytical skills, and a passion for driving results. If you are a strategic thinker with a deep understanding of interest rate derivatives and hedging, we encourage you to apply and become a part of our dynamic and growing team.

  1. Develop and implement ALM strategy for Charles Schwab, specifically focused on interest rate derivatives and hedging.
  2. Provide expert guidance and leadership in the area of interest rate derivatives and hedging.
  3. Conduct thorough analysis of financial risk and make recommendations for mitigating strategies.
  4. Collaborate with cross-functional teams to ensure alignment and execution of ALM strategy.
  5. Stay up-to-date with industry trends and regulatory changes related to interest rate derivatives and hedging.
  6. Monitor and report on the effectiveness of the ALM strategy, making adjustments as needed.
  7. Lead and mentor team members to ensure their continued growth and development.
  8. Communicate and present ALM strategy and results to senior leadership and stakeholders.
  9. Develop and maintain relationships with external partners and vendors related to interest rate derivatives and hedging.
  10. Continuously evaluate and improve processes and procedures related to ALM strategy and implementation.
  11. Manage and monitor budgets and expenses related to interest rate derivatives and hedging.
  12. Act as a subject matter expert and provide training and support to other team members and departments as needed.
  13. Foster a culture of innovation and continuous improvement within the ALM team.
Where is this job?
This job is located at Westlake, TX, USA
Job Qualifications
  • Extensive Knowledge Of Interest Rate Derivatives And Hedging Strategies: The Senior Manager Should Possess A Deep Understanding Of Various Interest Rate Derivatives, Including Swaps, Options, And Futures, And Be Well-Versed In Hedging Strategies To Manage Interest Rate Risk.

  • Strong Analytical And Quantitative Skills: This Role Requires The Ability To Analyze Complex Financial Data And Market Trends To Develop And Implement Effective Alm Strategies. The Candidate Should Have A Strong Background In Mathematics, Statistics, Or Finance To Effectively Perform These Tasks.

  • Experience In Asset-Liability Management: The Ideal Candidate Should Have At Least 7-10 Years Of Experience In Asset-Liability Management, With A Specific Focus On Interest Rate Derivatives And Hedging. This Experience Should Include Developing And Executing Strategies For A Large Financial Institution.

  • Leadership And Management Skills: As A Senior Manager, The Candidate Must Have Proven Leadership Abilities, Including The Ability To Manage A Team And Collaborate With Other Departments Within The Organization. The Candidate Should Also Have Experience In Setting Strategic Goals, Managing Budgets, And Delivering Results.

  • Excellent Communication And Presentation Skills: The Senior Manager Will Be Responsible For Communicating Complex Alm Strategies To Various Stakeholders, Including Senior Executives, Regulators, And External Auditors. Therefore, Strong Communication And Presentation Skills Are Essential For This Role.

Required Skills
  • Risk Management

  • Financial Analysis

  • Strategic Planning

  • Market Research

  • Investment Strategy

  • Portfolio Management

  • Team Leadership

  • Regulatory compliance

  • Hedging Strategies

  • Derivatives Trading

  • Interest Rate Forecasting

Soft Skills
  • Communication

  • Conflict Resolution

  • Leadership

  • Time management

  • creativity

  • flexibility

  • Teamwork

  • Adaptability

  • Problem-Solving

  • Empathy

Compensation

According to JobzMall, the average salary range for a Senior Manager – ALM Strategy: Interest Rate Derivatives and Hedging in Westlake, TX, USA is $141,000 - $177,000 per year. This salary range may vary depending on the specific job requirements, the candidate's level of experience, and the company's compensation policies. Other factors that may impact salary include the size and industry of the company, the candidate's education and certifications, and the current market demand for professionals in this role.

Additional Information
Charles Schwab is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedAugust 29th, 2024
Apply BeforeMay 22nd, 2025
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About Charles Schwab

Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services.

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