Charles Schwab

Director - Head of Secured Funding

Charles Schwab • $180K — $220K *
New York, NY 10025In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, Economics, Mathematics, Business, or related field.
  • 10+ years of experience in repo and secured financing markets
  • Experience at a major broker-dealer, investment bank, or dealer with a significant prime brokerage franchise.
  • Proven ability to manage secured funding books in diverse market conditions.
  • Expertise in financing large, non-traditional client positions including Equities and Corporate Bonds.
  • Strong understanding of the U.S. repo market structure and funding economics.

Responsibilities

  • Execute and manage secured funding activities across various financing transactions.
  • Optimize daily funding and liquidity requirements for a broker-dealer balance sheet.
  • Develop funding strategies that adapt to market cycles and liquidity changes.
  • Monitor repo market conditions and analyze financing opportunities.
  • Manage risks associated with funding, liquidity, and collateral during secure financing activities.
  • Partner with Treasury and Finance on balance sheet optimization and liquidity resources.
  • Maintain and cultivate relationships with key counterparties and funding sources.

Benefits

  • Eligible for bonus or incentive opportunities.
Full Job Description
Secured Financing is a critical function of Treasury at Charles Schwab. Reporting to the Managing Director, Head of Securities Funding and Collateral Optimization, this Director will focus on the expansion of our secured funding toolkit, financing capabilities and counterparty base across multiple legal entities. Working closely with Capital, Liquidity, Securities Lending and Collateral Management, the Director will execute on the firm’s Liquidity Management strategy to build the optimal, regulatory driven liability portfolio.

What you have

Required Experience 

  • Bachelor's degree in finance, Economics, Mathematics, Business, or related field. 
  • 10+ years of experience in repo and secured financing markets
  • Experience at a major broker-dealer, investment bank, or dealer with a significant prime brokerage and markets franchise. 
  • Demonstrated experience managing secured funding books through varying rate, balance sheet, and liquidity environments. 
  • Experience financing large, non-traditional client positions, i.e. Equities, Corporate Bonds, ABS, Convertible Bonds, etc.  
  • Strong understanding of U.S. repo market structure, settlement mechanics, collateral flows, and funding economics. 

Preferred Qualifications 

  • Experience supporting a large prime brokerage financing platform. 
  • Familiarity with FICC, sponsored repo, and central clearing infrastructure. 
  • Knowledge of broker-dealer regulatory requirements and liquidity frameworks. 
  • Experience presenting funding strategy, market color, and risk themes to senior management. 

Key Responsibilities 

 

Trading & Funding Management 

  • Execute and manage secured funding activities across tri-party repo, sponsored repo, secured bank lines, collateral upgrades, and cross-product financing transactions. 
  • Optimize daily funding and liquidity requirements for the broker-dealer balance sheet. 
  • Finance inventory generated by customer margin loan balances
  • Develop funding strategies across market cycles, rate environments, and changing liquidity conditions. 
  • Monitor repo market conditions, funding spreads, collateral availability, dealer balance sheet constraints, and financing opportunities. 

Risk Management 

  • Manage funding, liquidity, counterparty, and collateral risks associated with secured financing activity. 
  • Monitor maturity concentrations, rollover risk, counterparty exposures, haircut levels, and collateral concentrations. 
  • Analyze market stress scenarios and contribute to contingency funding strategies. 
  • Ensure trading activity remains within approved limits, risk appetite, and governance frameworks. 
  • Participate in liquidity stress testing, funding contingency planning, and related governance processes. 

Balance Sheet & Regulatory Optimization 

  • Partner with Treasury, Finance, and Risk to optimize balance sheet utilization, liquidity resources, funding costs, and capital efficiency. 
  • Incorporate relevant broker-dealer constraints, including net capital, customer reserve, liquidity stress testing, and internal balance sheet allocation frameworks. 
  • Contribute to initiatives involving funding diversification, collateral transformation, asset swaps, and balance sheet efficiency. 

Counterparty & Client Management 

  • Maintain and develop relationships with major dealer counterparties, money market funds, custodian banks, agent lenders, central clearing providers, and sponsored repo platforms. 
  • Negotiate financing terms, collateral schedules, margin terms, haircuts, and transaction structures. 
  • Identify and onboard new funding sources to diversify liquidity access and improve execution resilience. 

Cross-Functional Leadership 

  • Work closely with Liquidity, Capital, Securities Lending, Collateral Management, Operations and 2nd Line FRM
  • Provide market intelligence, funding themes, and financing strategy recommendations to senior management. 
  • Support strategic discussions on funding capacity, client financing economics, balance sheet usage, and liquidity risk. 

In addition to the salary range, this role is also eligible for bonus or incentive opportunities.

About Charles Schwab

Charles Schwab is a financial services company that provides a full range of securities, brokerage, banking, money management, financial advisory, investor, and retirement plan services. It operates in four main divisions; investing, wealth management, banking, and trading. Charles Schwab provides a full-service brokerage platform that serves individual investors who invest on their own or through a workplace-sponsored retirement or equity plan, as well as banking through Schwab Bank. The firm was founded in 1973 and is headquartered in San Francisco, California.

Charles Schwab Careers

Join the vibrant team at Charles Schwab, a leader in global finance, where your career is propelled by innovation, leadership, and a commitment to diversity and professional growth. At Charles Schwab, we offer more than just job opportunities; we provide a platform for you to make a significant impact on the industry and our clients' lives.

Work You’ll Do

At Charles Schwab, we are dedicated to helping our clients manage their financial futures. Being part of our team means you'll work alongside some of the most skilled professionals in the financial services industry. Our culture thrives on teamwork, integrity, and relentless dedication to our clients. Whether you're looking for a position in financial consulting, technology, or administrative support, Charles Schwab offers a dynamic work environment where your skills will be honed and your achievements recognized.

Innovate and Lead

Embrace the opportunity to lead through innovation. Charles Schwab’s commitment to technology and innovation is fundamental to our service delivery. By joining our team, you will be at the forefront of developing new solutions that redefine the future of finance. Your leadership can guide significant projects that impact our company and the industry.

Grow Your Career

Charles Schwab believes in fostering the growth of its employees. Whether through professional development programs, diversity training, or leadership workshops, we ensure that our team members receive the support and training they need to advance their careers. With a variety of career paths available, your job at Schwab can evolve with your interests and expertise.

Internship and Employment Opportunities

Start your professional journey with Charles Schwab through our internship programs or full-time employment opportunities. We seek individuals who are passionate, curious, and ready to drive change. A career at Schwab is not just about having a job; it's about building a lasting relationship with a company that values your potential.

Benefits and Culture

Charles Schwab is renowned for its employee-friendly culture. We offer a comprehensive benefits package that supports the health, financial stability, and work-life balance of our team members. From competitive salaries and bonuses to health insurance and retirement plans, Schwab ensures that your career is as rewarding as it is enriching.

Networking and Professional Development

Expand your professional network and enhance your skills through our various networking events, mentorship programs, and training sessions. At Charles Schwab, we believe in leveraging collective expertise to foster learning and innovation. Engage with leaders, gain insights from experienced professionals, and build relationships that will aid your career trajectory.

Join Our Team

Explore the numerous career paths available at Charles Schwab and discover how your talents can be utilized to their fullest potential. Search open positions that match your skills and interests. We are continuously hiring across various disciplines and look forward to adding innovative, driven individuals to our team.

Stay Connected

Keep up to date with the latest from Charles Schwab Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that align with your career preferences and be the first to know about new openings, company news, and professional tips.

Explore Charles Schwab Jobs

Ready to take the next step in your career? Visit our careers page to review current job openings, submit your resume, and prepare for your interview. At Charles Schwab, your future is waiting. [SEARCH CHARLES SCHWAB JOBS] Join Charles Schwab today and be part of a team that values diversity, innovation, and leadership—where your career can thrive in the exciting world of finance.
Learn more about Charles Schwab
Size
34,200 employees
Market Cap
$151.6 billion
Industry
Finance & Insurance
Net Income
$3.2 billion
Founded
1973
5 Year Trend
+20%
Revenue
$12.1 billion
NASDAQ
SCHW
* Ladders Estimates

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