Pay range: USD $90,000.00 - $130,000.00 / Year
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.
Alternative Investment Custody Services is seeking a Senior Team Manager to lead a team supporting custody and asset serving of alternative investments. You will lead the Alternative Investments Asset Acceptance Review team, which is tasked with performing detailed operational reviews on non-standard assets within a range of structures, including but not limited to pooled investment funds, REITs, and BDCs. Additional responsibilities include partnering with an external vendor to support executing client requests and performing asset servicing on Alternative Investments held in Charles Schwab & Co., Inc. brokerage accounts. You will inspire, motivate and effectively manage people at different stages in their career and professional development while effectively applying the principals of Change Leadership.
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Some specific duties of this position include, but are not limited to:
- Lead and coach team members to identify challenges and develop future state solutions
- Develop and maintain asset review frameworks, ensuring compliance with internal policies and regulatory requirements
- Perform thorough operational due diligence on alternative investment assets such as private equity, hedge funds, and real estate.
- Support and develop an engaged and cross-functional team
- Collaborate with internal partners to provide a smooth asset onboarding experience for clients.
- Partner with internal organizations, including Schwab Technology, Product Management, external vendors, and other internal business channels, to deliver on the organizations AI Modernization strategy
- Collaborate with colleagues to improve workflows, identify best practices, and make the best use of resources.
- Develop and maintain relationships with industry participants including other limited partners, general partners, and industry thought leaders through participation in annual meetings, advisory committee meetings, industry conferences and other ad hoc meetings and events
- Stay updated on industry best practices, emerging risks, and regulatory developments in alternative investments.
- Assess and enhance operational workflows, reporting structures, and risk management protocols.
What you have
To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Required Qualifications
- Five or more years of experience in the financial services industry
- Two or more years of experience in alternative investment operations, asset management, or a related field.
- Two or more years of people leadership experience
- A strong understanding of private equity, hedge funds, and real asset investment structures is needed.
- Demonstrated ability to lead change initiatives
- Strong leadership, motivational and coaching skills that cultivates a strong and engaging environment.
- Excellent time management and organizational skills, and the ability to prioritize and solve problems in dynamic, multitasking environments.
- Excellent relationship management skills and a focus on improving the client experience.
- Ability to identify and mitigate risk by adhering to department and firm policies and procedures.
- Possess excellent analytical, problem-solving, and communication skills.
- Active and valid FINRA Series 7 and 63 licenses strongy preferred (may be obtained under a condition of employment).
Preferred Qualifications
- Bachelors Degree.
You demonstrate these behaviors:
- Delivers Results - Delivers positive results regardless of circumstances, utilizing the right mix of analysis, judgment, agility, and urgency
- Managing Change - Demonstrating support for innovation and for organizational changes needed to improve the organizations effectiveness; supporting, initiating, sponsoring, and implementing organizational change; helping others to successfully manage organizational change
- Talent Developer - Actively fosters the growth and development of individuals
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