Margin Services, Sr. 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 locations.

Margin Services protects the firm from risk exposure by monitoring accounts to ensure compliance with FINRA, SRO and Schwab rules and regulations. Margin Services imposes trading restrictions on accounts for trade settlement violations. Margin Services reviews money due, stock due and various risk reports. We handle inquiries from both internal and external clients regarding buying power, funds available and day trading. 

This role is responsible for resolving margin-related matters for internal and external clients, monitoring and addressing margin calls, managing debit balances and short positions, and interpreting and applying applicable industry rules, regulations, and policies. The position also requires enforcing relevant regulations and account restrictions, analyzing credit, trade, and cashiering reports to support risk mitigation, and managing inbound communications from internal employees and external clients while initiating outbound communications as appropriate.

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

• Series 7 and 63 licenses are required
• 3-5 years of margin experience in a brokerage firm
• Applicants should have a basic working knowledge of margin rules and formulas
• Exhibit knowledge and understanding of Reg T rules
• Familiarity with derivative products 
• Excellent customer service skills

• Trading experience preferred
• Strong reconciliation skills and diligence in researching problem accounts
• Solid knowledge of balance, position, and transaction systems  
• Candidates must be flexible and comfortable with changing work duties
• Strong organizational skills, attention to detail, and ability to multitask are critical 
• Ability to deliver complex information while maintaining a positive client experience
• Work well in a collaborative team environment
• Strong verbal and written communication skills

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