Manager Balance Sheet Strategy - Interest Rate Derivatives, Hedging and BDA Management

Manager Balance Sheet Strategy - Interest Rate Derivatives, Hedging and BDA Management Charles Schwab 4 ( ) Multiple Locations for later Why you should apply for a job to

Charles Schwab :

Ranked as one of the 4/5 in overall job satisfaction 67% say women are treated fairly and equally to men 75% would recommend this company to other women 69% say the CEO supports gender diversity Ratings are based on anonymous reviews by Fairygodboss members. See all reviews After 5 years of service at Schwab, employees are eligible for one month of Sabbatical leave. Paid parental leave and reimbursement to help offset adoption or surrogacy expenses for eligible employees. Mentorship program opportunities and competitive tuition reimbursement program to invest in employees' success. # 2026-121772 Position summary l for interest rate risk (IRR) management and ~$75B in brokered deposit agreement notional investments. This Manager role reports to the Senior Manager, Derivatives, Hedging, and BDA Management Lead. You will join a team of traders responsible for Corporate Treasury's derivatives hedging program and management of third-party bank deposit account (BDA) sweep notional investments -supporting ALM objectives and mitigating interest rate risk arising from normal business activities across the firm. You will shape and execute hedging strategy; perform daily trade execution; guide system implementation and testing; partner on hedge accounting (GAAP/ASC 815); and enhance reporting, controls, and governance. You will collaborate closely across Treasury and key partners including investment portfolio and funding traders, Financial Risk Management, Corporate Controllers, and Technology. As Corporate Treasury expands derivatives capabilities, you will help implement new hedging strategies and ALM initiatives while ensuring disciplined execution in a controlled environment across multiple legal entities. You will deepen your expertise through a steady stream of complex, real-time market and balance sheet challenges-supported by leaders who value your contributions and invest in your development. What you have 3+ years of experience in Treasury, Finance, and/or ALM, with progressively increasing responsibility. Bachelor's degree in Finance, Economics, Mathematics, or a related field. Strong knowledge of interest rate derivatives markets, conventions, and industry standards, including experience executing derivative transactions and applying hedge accounting. Experience developing and executing interest rate hedging strategies, including building and maintaining external counterparty relationships. Strong understanding of fixed income concepts including both linear and non-linear derivatives risk. Active interest in macro and market developments across rates, swaps, and volatility-and the ability to translate those developments into recommendations aligned to Treasury constraints and trade-offs. Working knowledge of key Treasury/ALM concepts across interest rate, liquidity, and capital risk, including relevant prudential regulations and supervisory processes for institutions of similar size and complexity. Emotional intelligence and executive presence, with strong written and verbal communication skills to build materials and facilitate strategic decisions on balance sheet management. Experience with Calypso or similar Treasury Management Systems (preferred). Proficiency with Bloomberg, including core derivatives functions needed to operate in a fast-paced market environment. Proven ability to manage multiple high-priority initiatives under time pressure while maintaining composure. What you'll do: Join a team of traders executing derivatives and BDA investments used to hedge interest rate risk and support ALM outcomes across multiple legal entities and Treasury constraints; establish rigorous controls and documentation to ensure accuracy and coverage across instruments. Develop analytics and reporting to manage hedge performance and exposures with an emphasis on automation; help configure and enhance front-office systems used for derivatives position management and hedge accounting workflows. Analyze rates markets and partner with Treasury stakeholders to assess structural interest rate risk exposures; design and recommend hedges using swaps, caps, floors, collars, spreads, and swaptions. Implement ALCO-approved enhancements to hedging capabilities, including expanded non-linear strategies, enhanced use of the Portfolio Layer Method, and hedges of FX exposure. Monitor Schwab's interest rate derivatives portfolio, BDA investments and hedge strategies to optimize risk and profitability objectives; partner with Corporate Controllers to support appropriate GAAP hedge accounting (ASC 815). Serve as a technical resource to Treasury and business partners on hedging impacts to fixed income portfolios, client lending, funding, and other off-balance-sheet exposures. Partner with Treasury teams to optimize overall ALM positioning and manage ongoing financial risks consistent with the firm's strategic goals and risk appetite. In addition to the salary range, this position is also eligible for bonus or incentive opportunities 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 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 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 Why you should apply for a job to

Charles Schwab :

Ranked as one of the 4/5 in overall job satisfaction 67% say women are treated fairly and equally to men 75% would recommend this company to other women 69% say the CEO supports gender diversity Ratings are based on anonymous reviews by Fairygodboss members. See all reviews After 5 years of service at Schwab, employees are eligible for one month of Sabbatical leave. Paid parental leave and reimbursement to help offset adoption or surrogacy expenses for eligible employees. Mentorship program opportunities and competitive tuition reimbursement program to invest in employees' success.