Salary: USD $64,700 - $90,000 / Year
Your opportunity
Schwab remains committed to providing increased visibility to career growth opportunities and job requirements. This posting announcement is part of increased transparency and while all qualified applicants will be reviewed and considered, this organization has a preferred candidate identified for this role.
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.
Charles Schwab Investment Management (CSIM) is the asset management arm of the Charles Schwab Corporation. The CSIM team is passionately committed to helping investors achieve their financial goals. Our organization provides clients guidance and education through investment research and financial planning support. Next, we manage a $2.6 trillion platform that allows investors to implement that guidance by selecting among thousands of investment products from hundreds of asset managers, including over $600 billion in Schwab managed mutual funds, ETFs, and managed accounts. Finally, we offer advisory services, discretionary portfolio management and decision-making tools, as well as Schwab's private wealth management offering. At CSIM, we live an inclusive culture that drives increased diversity, builds a stronger community, creates high employee engagement, and provides professional growth for all employees, making us a top employer in the money management business.
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The CSIM SMA Trading and Trade Support Team is responsible for providing focused support to Portfolio Managers and Traders for trade order generation, tax loss harvesting and account maintenance on behalf of Schwab's separately managed account (SMA) products. In addition, the team is responsible for several strategic, multi-year projects, cross-functional reporting, as well as ad-hoc operational strategy support to other teams within the larger organization. We hold ourselves to the highest of standards and strive to create a strong, reliable, and durable operational environment that scales with our growth.
The Sr. Specialist will play a key role in managing client assets against our proprietary models, fulfilling client requests, reconciling custodian data and assisting in the creation and maintenance of vital client records. The Sr. Specialist will:
- Effectively partner with a large, geographically dispersed team
- Effectively process and manage all client account maintenance requests
- Review and reconcile client account restrictions on a periodic basis
- Troubleshoot issues related to system generated Lifecycle Workflows
- Assist in the integration of additional strategies onto the portfolio management systems
- Review and maintain client restrictions impacted by corporate actions in the accounting and trading systems as needed
- Liaise with partners in Managed Account Operations, CSIM Client Services, SAM SMA Reconciliation and Performance, SAM SMA Order Generation, and Investment Guidelines Oversight to maintain client accounts and execute client requests accurately and in a timely manner
- Create and maintain desktop procedures, job aides, and checklists documenting best practices
- Learn how to support other CSIM SMA products in a backup capacity
- Work on ad hoc projects or initiatives to support the team
What you have
To ensure that we have fulfilled our promise of 'challenging the status quo,' this role has specific qualifications that successful candidates should have.
Required Qualifications
- Bachelor's degree required
- 3+ years of financial services experience
- Exceptional written and verbal communication skills
- Strong analytical skills with a superior level of attention to detail
- Collaborative and relational work style with proven success in a team environment
- Advanced Microsoft Excel skills required
- Proficient with Microsoft products Word and PowerPoint. Ability to quickly learn new software applications.
- Use of VestmarkONE for portfolio management and order generation preferred
- Able to start work at 7AM ET
In addition to the salary range, this role is also eligible for bonus or incentive opportunities
What's in it for you
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. 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 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