Finance Manager

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 location.

This Manager of Corporate FP&A position provides the right candidate with an opportunity to join the Corporate FP&A Capital Stress Testing team. By forecasting the financial impact of stressful macroeconomic scenarios on our clients and our business, the team helps to develop actionable insights to safeguard capital, uphold stakeholder confidence in Schwab, and better understand how the business responds in periods of market stress.

This role plays a critical part in providing financial oversight and leading Corporate FP&A forecasting of client product balances, with a focus on demonstrating Schwab’s ability to withstand stressful scenarios as part of firmwide Comprehensive Capital Analysis and Review (CCAR) efforts. This position will work with Schwab’s multiple lines of business as well as across the Finance organization, and will assist with balance sheet FP&A analysis and reporting. This person will also play a key role in driving change within the FP&A organization as we work to modernize and converge our forecasting processes across BAU and CST activities.

What you have

• Bachelor’s degree in Finance, Economics, Accounting, or a related field

• 4+ years’ experience in accounting, FP&A, treasury, or related function

• Strong foundation of accounting and finance knowledge, including an understanding of balance sheet and income statement principles, and Schwab’s balance sheet dynamics and product balances

• Proactive, self-starter, able to manage and deliver multiple projects and succeed in a time-sensitive, fast-paced environment with minimal direction

• Ability to logically structure analytical problems and use critical reasoning skills to evaluate financial forecasts

• Excellent oral and written communication skills and interpersonal skills. Comfortable partnering with peers and management and to work effectively in a fast-paced, dynamic team environment.

• Financial planning and scenario modeling experience is important.

• Experience with financial services industry is a plus.

• Expertise in Excel, Word, PowerPoint required, and strong knowledge of IBM Planning Analytics preferred

What you'll do:

• Partner with subject matter experts across the organization to bring together a complete forecast view of client product balances, with an emphasis on balance sheet impact, across a wide range of baseline and stressful scenarios.

• Engage with experts from multiple teams at Schwab as well as Schwab leaders to communicate and challenge forecast results. This includes aiding in the production of the annual Capital Plan and associated reporting for the Board and Federal Reserve.

• Work cross-functionally to drive sustainable and efficient forecasting improvement efforts, including enhancements to financial systems such as the alignment of BAU and CST forecasting processes

• Maintain sound risk management and control environment for Capital Stress Testing revenue forecasting efforts.

• Perform ad hoc analysis related to understanding business and client trends and their revenue impact.

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