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Your opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thinking meets deep subject matter expertise to help us challenge the status quo and transform the finance industry—together.

We’re seeking a confident, experienced professional to join our Portfolio Margin Risk Team within Margin Services. This high-stakes team manages risk in the firm’s portfolio margin accounts—accounts that are often held by our most sophisticated and highest-value clients. These relationships require a high degree of professionalism, urgency, and skill in both risk management and client support.

As the Manager, Margin Risk Services, you will operate in a dynamic, high-volume environment, identifying, evaluating, and mitigating risk exposure through client outreach, systems monitoring, and firm-level action. The ideal candidate has a strong background in options theory, professional trading, and/or risk-based margin systems, and is eager to bring that expertise into a collaborative, fast-paced environment.

This is a critical role in a department that supports some of the firm’s most complex accounts and client relationships. You’ll be responsible for making time-sensitive decisions that directly protect firm capital while maintaining a white-glove approach to client service.

Key responsibilities include:

+ Managing real-time risk in portfolio margin accounts using firm-approved guidelines, stress testing systems, and regulatory frameworks.

+ Issuing, tracking, and resolving margin calls in accordance with regulatory requirements and internal policy.

+ Proactively identifying accounts that present outsized or unusual risk through internal reporting and risk systems.

+ Contacting clients to set risk reduction expectations and following through on risk mitigation actions, including liquidations, when necessary.

+ Responding to inbound inquiries and outbound client situations related to margin, risk, and account management.

+ Educating clients and internal business partners—including Financial Consultants and relationship teams—on portfolio margin methodology, product mechanics, and risk management best practices.

+ Supporting the legal team on margin-related matters including arbitrations, acting as a subject matter expert when needed.

+ Helping onboard and evaluate prospective portfolio margin clients and trading strategies for potential risk to the firm.

+ Contributing to department-level training, documentation, and educational content related to portfolio margin.

This is a highly collaborative role requiring exceptional communication, confidence in risk decisions, and the ability to explain complex financial topics to varied audiences, both internally and externally.

What you have

Required Qualifications:

+ 6+ years of experience in the financial services industry, preferably in one or more of the following roles:

+ Professional trader (market maker, floor trader, proprietary trading firm)

+ Exchange or clearinghouse risk analyst (e.g., OCC, CME Group)

+ Brokerage trading, margin or risk department, especially with direct responsibility over portfolio margin accounts

+ Experience with stress testing methodology or setting/monitoring margin requirements

+ Deep understanding of options theory, valuation models (e.g., Black-Scholes), and the role of volatility, interest rates, and greeks in risk management

+ Strong knowledge of Regulation T, portfolio margin methodology, and risk-based margin systems

+ Proven ability to identify, assess, and manage risk in high-value trading accounts

+ Strong analytical skills and sound judgment in dynamic, fast-moving trading environments

+ Series 7 and 63 required; Series 3 and Series 24 (or 9/10) preferred

+ Exceptional communication skills with ability to explain complex risk scenarios to clients and stakeholders

+ Demonstrated client service experience in high-pressure, high-stakes environments

Preferred Qualifications:

+ Experience managing risk in high-net-worth client accounts or institutional trading portfolios

+ Prior experience with volatility shock modeling or setting parameters for risk models

+ Strong working knowledge of stock lending, margin lending, and order routing mechanisms

+ Experience in educating business partners or clients on technical concepts (training, documentation, presentations)

+ Bachelor’s degree in finance, mathematics, economics, or a related discipline

+ Prior experience with Schwab and/or TD Ameritrade systems a plus

You Demonstrate These Behaviors:

+ Cooperative Teamwork – Drives collaboration across teams and functions

+ Managing Performance – Takes ownership of outcomes and sets clear expectations

+ Results Orientation – Focuses on goals and strives to exceed them

+ Flexibility – Thrives in changing environments and adapts to shifting priorities

+ Clear & Concise Communication – Translates technical complexity into clear, actionable insights

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

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.