Manager - Credit Risk Analyst

About the role

The Manager, Counterparty Credit Risk – Securities Financing role is part of the Finance Risk Management (FRM) function at Schwab. This function designs and implements a cohesive risk management strategy and framework to identify and mitigate risk while driving innovation and business growth.

Responsibilities

• Manage counterparty credit risk across securities financing activities, including agent lending, securities lending, tri-party repo, and other secured financing transactions.
• Perform counterparty due diligence and credit analysis for broker-dealers, banks, custodians, agent lenders, and other financial institution counterparties, including ongoing monitoring of financial condition and creditworthiness.
• Maintain portfolio exposures, limit utilization, collateral coverage, and concentration risk, ensuring they remain within established limits, risk appetite, and governance standards.
• Evaluate transaction structures, collateral arrangements, margin methodologies, and risk mitigants to support prudent risk-taking and effective exposure management.
• Partner with Treasury, Legal, and second line Risk teams to support counterparty onboarding, transaction execution, and strategic securities financing initiatives.
• Develop portfolio analytics, stress testing, and management reporting to monitor counterparty exposures, identify emerging risks, and support risk-informed decision making across the securities financing portfolio.

Requirements

• Bachelor's degree in Finance, Economics, Business, or a related field.
• 5+ years of experience in counterparty credit risk, credit risk management, treasury, securities financing, capital markets, or related financial services disciplines.
• Strong understanding of financial institution credit analysis, financial statement assessment, and key bank and broker-dealer risk metrics.
• Experience evaluating counterparty exposures associated with securities lending, repurchase agreements, agent lending, or other secured financing transactions.
• Knowledge of collateral, netting, margin methodologies, and exposure mitigation techniques.
• Strong analytical, problem-solving, and quantitative skills.
• Ability to effectively communicate complex risk topics to senior management and cross-functional stakeholders.
• Proven ability to manage multiple priorities and drive initiatives to completion.
• Self-motivated, able to multi-task, perform under strict deadlines, and able to develop new processes.
• Advanced Excel and data analysis skills.

Preferred Qualifications

• Experience with broker-dealers, banks, custodians, prime brokerage, clearing, securities financing, or capital markets businesses.
• Knowledge of securities financing market infrastructure, including custody, settlement, tri-party collateral management, and securities lending operating models.
• Experience analyzing financial institutions, including banks, broker-dealers, custodians, agent lenders, and other market participants.
• CFA, FRM, CPA, or other relevant professional designations.
• Familiarity with regulatory frameworks including Basel III, capital requirements, liquidity requirements, and counterparty credit risk regulations.
• Experience working with data visualization and reporting tools such as SQL, Tableau, Python, Power BI, or Alteryx.

Benefits

This position is eligible for a competitive benefits package that includes:

• A 401(k) with company match and Employee stock purchase plan.
• Paid time off 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.