Director, Legal Counsel, Corporate Treasury

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 are recruiting for a Director Legal Counsel, Corporate Treasury with demonstrated legal proficiency in supporting corporate treasury activities to assist with the expansion of such activities.

As a member of Schwab’s Legal Services organization, you will report to the Managing Director, Treasury Counsel and be responsible for providing legal advice and support to our Treasury department which includes the Liquidity and Funding Management, Securities Lending, Treasury Capital Markets, Corporate Treasury Services, and Treasury Corporate Finance groups. 

These groups handle liquidity and funding activities across the company, transact the company’s securities lending business, and manage investments in the company’s portfolios.

Responsibilities will include:

• Supporting the Treasury Department in matters relating to SFTs and expansion of the funding management platform, liquidity management, capital optimization and netting, derivatives hedging, and treasury clearing.
• Drafting, reviewing, and negotiating various legal agreements between Schwab and other institutional counterparties such as master securities loan agreements (MSLA and GMSLA) for the lending of securities, master repurchase agreements (MRA and GMRA) for the sale and purchase of securities, master securities forward transaction agreements for the sale and purchase of mortgage-backed securities, FCM agreements and ISDA master agreements and related agreements for derivatives hedging.
• Maintaining and updating standard forms and templates of master agreements (including schedules, annexes, and term confirmations).
• Reviewing other agreements for the Treasury department, such as credit agreements and margin loan facilities, bank account documents, custody and clearing agreements, and intercompany lending agreements.
• Reviewing Treasury group policies and procedures.
• Advising on margin regulation and related broker dealer regulations.
• Advising on legal and regulatory matters affecting the Treasury Department and keeping management and other personnel up to date on pertinent legal and regulatory developments.
• Taking on other projects depending on bandwidth and experience.
  

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:

• JD from an accredited U.S. law school. Admission to and in good standing with the state bar of at least one U.S. state.
• 10+ years of experience negotiating securities lending agreements, repurchase agreements, forward transaction agreements and derivatives documentation for the Treasury group of a bank or associated broker-dealer or on behalf of financial institution clients.
• Knowledge of and familiarity with applicable securities and banking laws and regulations.
• Strong interpersonal and communication skills (verbal and written) with the ability to collaborate across inter-disciplinary teams.  
• Strong work ethic and ability to make decisions, multi-task, prioritize, and follow through on numerous projects simultaneously.
  

Applicants must be currently authorized to work in the United States on afull-time basis without employer sponsorship.

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