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.
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 locations.
Schwab Asset Management (SAM) is the asset management arm of the Charles Schwab Corporation. SAM delivers a wide variety of products including mutual funds, exchange-traded funds (ETFs), money market funds, collective investment trusts (CITs), and Separately Managed Accounts (SMAs). The overall SAM team embodies our firm's commitment to providing client-centric solutions that help Schwab clients achieve their financial goals.
It is the goal of the SAM Fund Services team to actively contribute to the success of our proprietary mutual funds and ETFs, and bank collective trust funds. The Senior Manager position within Fund Services will play an important role in the day-to-day oversight of custody operations. The Senior Manager will also be an integral part of the broader organization by not only ensuring accuracy of work, but also through open communication and collaboration within a dynamic team. This will be a people leader role and will report to a Director on the team.
Primary responsibilities include, but are not limited to:
Preparation, review, and coordination of global market documentation and account-opening requirements for 40 Act mutual funds and ETFs, ensuring documentation meets regulatory and market-specific requirements and collaborating closely with global custodians and internal stakeholders
Submit, track, and maintain various global market forms, including tax reclaim forms, Power of Attorney documentation, and required market documentation , ensuring compliance with evolving market regulations
Monitor global market updates daily and assess applicability across funds , proactively communicating impacts to Portfolio Managers, Traders, Middle Office, Fund Accounting, Tax, and Valuation teams
Facilitate and maintain third-party Repurchase Agreement onboarding, documentation reviews, annual counterparty reviews, and recurring meetings , helping support liquidity management activities
Manage proxy voting reporting oversight and related regulatory filings , ensuring timeliness and accuracy
Research and resolve reconciliation breaks, failed trades, and corporate action discrepancies, partnering with custodians to ensure timely resolution and accurate reporting
Oversee substantial ownership monitoring and reporting for Schwab funds, ETFs, and SMAs with a focus on precision, risk mitigation, and adherence to regulatory obligations
Support fund liquidity, TMPG, and ETF collateral oversight, ensuring controls are followed and documentation remains audit-ready
Setting stretch goals for the team, supervising, and measuring progress on those goals, and leading all aspects of group results over time that advances our best-in-class operational environment
What you have
Required Qualifications:
Bachelor's degree required (Degree in Business, Finance, or Economics highly preferred)
Minimum of 7 years of experience within the Financial Services industry with experience leading teams
Knowledge of mutual funds and Exchange Traded Funds (ETFs) Fund Accounting and/or Custody experience
Experience with global market account documentation for 40 Act funds and/or Collective Investment Trusts
Proven ability to interpret evolving global market documentation regulations, standards, and market requirements , with strong risk-awareness and attention to detail
Preferred Qualifications:
Strong organizational skills with the ability to balance competing priorities in adherence to strict timeframes and deadlines
Demonstrated problem-solving skills, with ability to resolve issues, and recommend process improvements
Proven verbal communication and presentation skills and ability to interact with all levels in the SAM Fund Administration teams and with other external/internal partners
Impeccable attention to detail
Drive and skill set to identify areas of opportunity and streamline or automate existing workflows
Ability to work independently and with a team on executing risk and control oversight of internal and vendor processes, while ensuring deadlines are met, data is accurate, and the end-product adds value
Willingness to think outside the box and challenge assumptions in the spirit of creating efficiencies
Ability to work under pressure, both within tight time limits as well as measurable progress on longer-term goals
In addition to the salary range, this role 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 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
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
Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.
