Sr. Manager, Securities Lending Product Development

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.

The Securities Lending Product Development team assists in developing and implementing technical components (infrastructure and architecture) of the Securities Lending program to support alignment with the businesses’ strategic direction. The team along with the business verticals and the Strategy team defines objectives and oversees projects, helping leadership envision and drive technology improvement opportunities that will ensure efficient near and long-term functioning of the team.

The Product Development team is accountable for:

• Assessing program strengths and identifying areas for improvement to ensure all IT systems and processes are arranged best to support overall organizational objectives

• Planning, monitoring, and managing resources and stakeholders that are critical to successful execution of the technical vision.

• Creating and maintaining technical documentation

• Writing technical components of program funding proposals

• Meeting with cross-functional teams and stakeholders to socialize the IT program strategy and establish an ongoing relationship and connection with relevant teams

• Bachelor’s degree required; SIE and MBA preferred

• 10+ years of related work experience

• Strong interpersonal and management skills with the demonstrated ability to build cross-functional relationships and to interact effectively with senior management.

• Ability to balance between multiple, changing priorities.

• Good understanding of project management methods such as waterfall and Agile.

• Knowledge of the Securities Finance industry and broker/dealer securities lending systems requirements.

• Ability to translate sophisticated business problems into discrete quantifiable components

• Excellent oral and written communication skills.

• Passion for learning and for enhancing business as an engaged team member.

• Understanding of cybersecurity and systems/databases used to implement into technology stack.

• Experience with data analysis including experience with very large data sets.

• Solid knowledge of relevant technology concepts (e.g. mainframe, distributed servers, relational databases and cloud) and Business intelligence concepts (e.g. reporting, querying software, dashboards, data mining). Experience in analytics tools such as Tableau, Alteryx, Visual Studio Code, Copilot, Google Big Query are preferred.

• Ability to gather, understand disparate types of data and assist business analysis via AI tools practiced at Schwab.

• Knowledge of Python or another program language is a plus.

In partnership with the Director of the Securities Lending Product Development team, the Senior Manager will:

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  Translate business requirements into technical projects

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  Keep business appraised of technology and infrastructure changes that may impact on the business, availability of systems and any implications on other Backoffice systems that interact with Securities Lending.

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  Analyze, facilitate, model, and organize information to reconcile issues, elicit requirements and distinguish solution ideas from business needs

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  Coordinate technical activities between multiple projects across several cross-functional teams

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  Assist creating and maintaining change management processes and activities

Specific job responsibilities include:

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  Serve as a subject matter expert on the role and functioning of batch, back-office systems, evaluating how modernization and architectural evolution of these foundational blocks affect downstream, client and street-facing capabilities

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  Surveying existing technology infrastructure and systems to form high-level view of present capabilities and future opportunities for improvement

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  Assist the Strategy team in managing business requirements across Securities Lending, translating the requirements into measurable stories and execution of projects.

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  Visioning and creating technical requirements for key areas of technical growth, including, but not limited to, Fully Paid Lending and Short Sales.

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  Working with cross functional technology teams to identify ways to increase scale and efficiencies of systems to handle volume growth and new products.

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  Structuring data analytics and the systems & databases that can be employed to utilize data for managing business and better decision making.

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  Partnering with technology implementation teams during upgrade and technology migration projects, liaising with affected departments to ensure usability and functionality.

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  Managing relationships with external Securities Lending technology vendors.

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