Welcome page Returning Candidate? Log in Managing Director & Head of Credit Research Job Locations US-IL-Chicago | US-CA-San Francisco | US-TX-Westlake | US-FL-Naples Requisition ID 2025-115020 Posted Date 1 hour ago(9/8/2025 10:00 AM) Category Executive Salary Range USD $225,000.00 - $375,000.00 / Year Application deadline 9/12/2025 Position Type Full time Your Opportunity

Managing Director & Head of Credit Research

 

The Managing Director, Head of Credit Research will be responsible for leading Schwab Asset Management’s (SAM) credit risk management function through identifying, modeling, measuring, and monitoring municipal and taxable credit and portfolio risks. The Managing Director will lead teams responsible for developing credit risk policies, models and utilizing tools to measure credit risk accurately from various perspectives; observe and analyze credit risk measures on a regular and timely basis; ensure the portfolio management process is aligned with expectations of credit risks and credit risk tolerances; and evaluate the results of proposed security selection adjustments and strategies.

 

Key Outcomes:

Manage and lead multi location-based Research groups and set policies for analyzing the risk and potential investments made by SAM’s portfolio management team.Monitor existing exposure and, through detailed analysis, evaluates and assesses potential investments for inclusion in the various portfolios.Maintain exposure limits, and evaluate credit developments, ratings changes and news events affecting the investments made by the Schwab Money Market funds, Mutual Funds, ETFs, and Separately Managed Accounts (SMAs) advised by SAM.Conduct credit analysis and make security credit assessment for money market, mutual funds, ETFs, and SMAs.Monitor holdings for credit quality and adherence to regulatory requirements.Work with portfolio managers in assessing risk profile for security selection and disposition and analyzing the economy and financial markets.Serve as a spokesperson for SAM’s credit risk management process, interacting with clients and other constituents to speak to the firm’s credit risk processes and procedures, including the Schwab Fund Board and other firm-wide committeesOversee the credit risk team’s adherence to the agreed upon policies and procedures established by SAM and make recommendations for modifications, as needed by industry and/or regulatory changes.Anticipate changes and monitor industry and economic trends and sources of risk; assess their impact on the funds; consider alternatives; and independently make decisions to ensure the best possible investment performance.Communicate and interact with senior executives across Schwab including those in compliance, legal, and investment management services, regarding the funds’ strategies and performance, financial markets, risk management, and other investment matters, as well as provide perspective and advice on implications for SAM.Lead related external communications, including speaking occasionally at industry/client events and with the media, representing Schwab’s views on credit risk management issues. What you have

Required Experience:

10+ years experience leading/managing credit risk in environments of similar scale and complexityExperience and understanding of credit risk frameworks, processes, and vendors.Relevant experience helping to build credit risk infrastructure and systems.Knowledge and experience with the broad set of credit and investment risks pertinent to fixed income markets, including municipal marketsExperience leading and developing high-performing, engaged teams of credit risk management professionals.Appreciation of the full spectrum of credit risks and regulatory issues pertaining to fixed incomeAn undergraduate degree is required; strong preferences for an MBA or CFA

Preferred Experience:

Thrives on initiating, building, and cultivating strong authentic relationships inside and outside the group; highly collaborative; navigates and activates alignment across organizational silos. Especially important to do so with senior executives as this role is regularly involved with executive council-level presentations and decision-making meetings.Proactively seeks to improve credit risk management processes and implement best in class solutions, raising quality and productivity in a calculated way.Builds extremely strong relationships through collaboration across multiple levels of the organization motivating colleagues to get things done effectively; is sought out for counsel and feedback and contributes to cross-functional teams and initiatives.Strong influence skills with the ability to shape, define and present a complete and thorough picture of Schwab’s environment including developing thoughtfully-written action plans and clear/regular communication to executive management.Courageous leader who develops followership and builds high performing, diverse, cross functional teams of both direct and indirect members rallied around the strategyRelationship-oriented and emotionally mature senior leader who manages complex, multi-stakeholder issues with resilience, embraces others’ perspectives and understands the limits to their own points of view.Displays confidence and courage in business and talent decisions, actions and communications with a demonstrated ability to take decisive action when needed, including championing ideas, position or dissent to best drive efficiency. Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed

Why work for us?

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.

We offer a competitive benefits package to our full-time employees 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 Application FAQs

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