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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.

This role provides a meaningful opportunity for a highly motivated accounting professional to play a critical part managing the ongoing accounting for Schwab’s large portfolio of securities and interest rate derivatives. This includes accounting, analyzing, reporting, reconciling, remediating system issues, assessing fair value measurements, and testing system functionality. Performing this role requires ongoing interaction with the Treasury Capital Markets team, Treasury Settlement Services team, Finance Innovation Team, and external software consultants, acting as the Bank Accounting team liaison with these groups. As part of the Corporate Controller’s Department, the Bank Accounting group is responsible for closing the books for the three bank subsidiaries and two trust companies with over $215 billion in invested securities, $45 billion of loans, and $30 billion in derivatives.

What you have

+ Bachelor’s degree in accounting or finance

+ CPA Preferred

+ 5+ years GAAP accounting or finance experience, direct experience with securities accounting highly preferred

+ Relevant bank, financial services, and/or treasury experience a plus

+ Operational accounting and treasury and accounting systems experience in a high transaction volume environment

+ Solid proficiency in Microsoft Office, particularly Microsoft Excel

+ PeopleSoft or other ERP experience a plus

+ Experience with Alteryx, SQL, or similar data tools a plus

+ Ability to communicate complex information in a concise and understandable manner

+ Excellent analytical, organization, and project management skills

+ Ability to drive work independently and manage multiple projects that vary in scope and complexity simultaneously

What you'll do:

+ Manage the accounting, including journal entries and reconciliations, for the investment and derivatives portfolio across multiple legal entities.

+ Prepare variance analysis related to net interest revenue in the Bank Portfolios and partner with finance in updating monthly forecasts.

+ Prepare various schedules for the monthly financial close package, as well as schedules for regulatory reporting groups.

+ Document the designation or de-designation of cash flow & fair value/portfolio layer method hedging relationships in accordance with company policy.

+ Liaise with the treasury team on new investment and funding products to ensure proper accounting treatment and test related system functionality.

+ Maintain and adhere to SOX controls and lead discussions with the SOX compliance team as well as participate in periodic internal audit reviews.

+ Work closely with the technology teams to improve and implement technology enhancements, including process automation.

+ Investigate and resolve any reconciling items within the portfolios by providing thorough analysis and documentation.

+ Respond to questions from the external auditors, SEC Reporting and other regulatory reporting teams regarding investments and other funding sources.

+ Consult with the Accounting Policy team on the accounting policies and practices related to investments.

+ Perform other ad hoc initiatives, as needed.

In addition to the salary range, this position 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

CO Salary Range: USD $83,800.00 - $150,000.00 / Year

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 [email protected] or call 800-275-1281.