Mutual Funds Trading Operations, Specialist

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(s).

Our goal in Asset Management Operations Mutual Funds is to be the most admired and respected group within the industry.  We are known for our spectacular customer service and flawless execution; the quality and breadth of our product offering; and the unparalleled professionalism of our employees.

The Clearing Mutual Fund Operations team is a cross-functional team that handles multiple functions within Mutual Fund Operations. Including, but not limited to: Trading, Dividends, Reconciliation, Transfer of Accounts Sub Accounting and Vendor Relationships. Individuals in this role must have the ability to maintain a good working relationship with our external Clearing Correspondents, external Mutual Fund Companies, Transfer Agents, and internal business partners.  A successful candidate will be adaptable to change and work collaboratively with cross-location business partners.

Research and resolve balances between Schwab, Mutual Fund companies, and Clearing Correspondents using various systems related to trades, transfers, dividends. Accurately process manual activity and adjusting under strict time constraints. Effectively meet multiple deadlines throughout the day and prioritize risk related items. Monitor and work with various types of external industry partners to process trade uploads, rejects, dividend payments and reconciliation. This cross-functional team will work closely with transfer agents and fund accounting to perform daily operations such as trading, dividends, and/or wire settlement. Perform various cash and stock reconciliations and analyze and resolve complex breaks.

To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

•  Strong customer service skills developed in a professional business setting
• Able to stay positive under pressure and maintain accuracy when handling large workloads within tight deadlines
• Strong analytical, research, data entry and prioritization skills
• Ability to understand and mitigate risk
• Excellent written and verbal communication skills

•  Minimum of 6 months back-office operations handling Mutual Funds
• At least 6 months in back-office operations
• Complex problem-solving skills
• Strong interpersonal and teamwork skills
• Proven experience collaborating across business units
• Must be proficient with Microsoft Outlook, Excel and Word
• BA or BS preferred
• Desire to pursue Series 7 & 63

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