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 that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every clients’ goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm, and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
The Institutional Mutual Fund Trading Team facilitates the execution of mutual fund orders on behalf of more than 7000 Registered Investment Advisors (RIAs), Third Party Administrators (TPAs), and the Schwab Managed Accounts platform. The team provides a high level of expertise in multiple areas including mutual fund knowledge, risk mitigation, research capabilities, managing large/complicated trades, cash/money market expertise and the support of multiple trading channels. Additionally, the team works closely with other institutional trading desks as well as Advisor Services Sales & Service, Mutual Fund Custody & Operations, and multiple technology partners to build a superior product offering and provide an outstanding client experience.
Our trading representatives and managers bring experience and skills from diverse backgrounds. While our emphasis is on trading and relationship building, additional responsibilities include expert order handling and risk mitigation, problem resolution, and ownership of an evolving electronic offering which supports efficiencies for our firm and our clients.
Key responsibilities include:
- Trade with a high level of accuracy while mitigating risk.
- Build solid relationships with our institutional clients and external fund company and internal Operations partners.
- Manage and prioritize multiple time sensitive tasks.
- Apply judgement and technical know-how to identify creative ways to complete assignments, improve policies and/or programs and influence others to take action.
- Demonstrate good judgement in selecting methods and techniques for obtaining solutions.
- Network with senior personnel internally and externally across departments/groups to resolve issues, gain needed information and influence outcomes.
- Process day-to-day work with little instruction and take on new assignments with only general instruction.
- Work with team members and groups to establish priorities, set goals and track outcomes.
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
- Series 7 and 63.
- Previous experience in a trading role.
- Commitment to serving the needs of independent advisors, employees, and shareholders.
- Strong ability to multi-task and easily adapt to change.
- Excellent communication, organization, and time-management skills.
- Solid risk awareness and attention to detail.
- Basic to intermediate understanding of Excel and other data applications.
- Desire to work in a diverse team environment.
- Professionalism, personal accountability, and continual self-development.
- Ability to work full time during hours that may vary Monday thru Friday from 6:30am to 5:00pm MT.
You demonstrate these behaviors:
- Building Collaborative Relationships: Ability to develop, maintain, & strengthen partnerships with others, inside or outside of the organization, who can provide information, assistance & support.
- Adaptability: Remains calm under stress.
- Results Oriented: Has a strong sense of urgency about solving problems and getting work done.
- Initiative: Identifies what needs to be done and acts before being asked or required to.
- Thoroughness and Accuracy: Monitors the quality of work.
Preferred Qualifications
- Series 9/10/24.
- Career orientation with a strong passion for people leadership.
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