Manager - Capital Forecasting (Capital Stress Testing) at Charles Schwab

Pay range:

USD $85,500.00 - $174,800.00 / Year

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.

Charles Schwab has been a leader in financial services for over four decades, working to make investing more affordable, accessible and understandable to all. Driven by our purpose to champion every client's goal with passion and integrity, we're committed to providing an environment that respects and appreciates the diversity of our employees, our clients, and the communities we serve. Our goal, as seen through clients' eyes, is that Schwab continuously improves by being a premier financial service provider through best-in-class service, technology, products, people and advice.

The Treasury Capital Analytics & Reporting team sits within the Treasury department. The team is responsible for Capital Stress Testing (CST), the monthly benchmark capital forecast, and comprehensive submission of the annual CCAR FR Y-14A form. In addition, the team builds and maintains the Treasury ALM/Capital forecast data repository infrastructure, develops the end-to-end analytical and reporting platform, and implements forecast automation to support capital forecasting.

This position will lead the key components of the firm's capital forecasting process in support of the Comprehensive Capital Analysis and Review (CCAR) and related internal capital stress testing. This role is responsible for developing, executing, and governing forecast methodologies for capital and related balance sheet and income statement drivers under baseline and Federal Reserve stress scenarios; partnering across Finance, Risk, and Model Risk to ensure forecasts are well-controlled, transparent, and audit-ready; and producing clear analytics and materials for senior management and regulatory audiences.

What you have Qualifications Required

• 3+ years of experience in capital management, CCAR/stress testing, treasury, FP&A, or risk/finance analytics within a bank or similarly regulated financial institution.
• Hands-on experience delivering capital forecasting within a CCAR program, including methodology/assumption governance, controls and documentation, management review routines, and regulatory/audit support.
• Strong understanding of regulatory capital framework concepts (e.g., CET1, Tier 1/Tier 2 capital, RWA, leverage ratio) and how P&L/balance sheet dynamics flow through capital ratios.
• Strong attention to detail and demonstrated ability to manage deadlines across multiple stakeholders, deliver high-quality work under pressure, and independently drive issues to resolution.
• Advanced Excel and strong data and analytics skills, including the ability to work with large datasets and perform reconciliations and variance analysis.
• Excellent written and verbal communication skills with experience producing executive-ready narratives and presenting analytical conclusions.
• Bachelor degree in Finance, Economics, Accounting, Mathematics, Statistics, or a related field (or equivalent experience). A professional certification (CFA, FRM, CPA) and/or a Master degree is a plus.

What you'll do:

• Own delivery of capital forecast deliverables for CCAR (e.g., CET1, RWA, leverage exposure, capital actions) across baseline and supervisory severely adverse scenarios, ensuring alignment to upstream balance sheet and PPNR inputs.
• Develop and maintain capital forecasting methodologies, assumptions, and overlays; document rationale, limitations, sensitivities, and change history.
• Coordinate inputs, understand the dependencies and collaborate across CCAR workstreams (PPNR, balance sheet, credit, market risk, operational risk, and Treasury) to ensure consistency and reasonableness of assumptions, scenario application, and downstream capital impacts.
• Produce CCAR-ready attribution explaining capital ratio movements (quarterly path and scenario deltas), including driver-based analytics for capital, RWA, leverage exposure, and capital actions; draft clear narratives to support management review and regulatory requests.
• Execute CCAR governance and controls: maintain procedures, perform reconciliations and reasonableness checks, manage the issues log, support control testing, and compile evidence packages to meet internal audit and regulatory exam standards.
• Partner with Model Risk Management on model inventory, validation support, performance monitoring, and remediation plans for forecast and capital-related models.
• Support CCAR submission and review materials, including capital exhibits and worksheets and regulatory reporting; respond to ad hoc information requests with accurate, well-supported analysis.
• Identify opportunities for process improvement and automation to strengthen reproducibility and reduce production cycle time.
• Perform other duties as assigned.

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

What's in it for you

At Schwab, you're empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration-so you can build the skills to make a lasting impact. 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