Manager, Custody Operations & Global Market Documentation

Company: Charles Schwab
Location: Schiller Park
Posted on: February 26, 2026

Job Description:

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. Schwab Asset Management (SAM) is the asset management arm of the Charles Schwab Corporation. SAM delivers a wide variety of products including mutual funds, exchange-traded funds (ETFs), money market funds, collective investment trusts (CITs), and Separately Managed Accounts (SMAs). The overall SAM team embodies our firm’s commitment to providing client-centric solutions that help Schwab clients achieve their financial goals. It is the goal of the SAM Fund Services team to actively contribute to the success of our proprietary mutual funds and ETFs, and bank collective trust funds. The Manager position within Fund Services will play an important role in the day-to-day oversight of custody operations. The Manager will also be an integral part of the broader organization by not only ensuring accuracy of work, but also through open communication and collaboration within a dynamic team. This will be an individual contributor role and will report to a Senior Manager People Leader on the team. Primary responsibilities include, but are not limited to: o Preparation, review, and coordination of global market documentation and account opening requirements for 40 Act mutual funds and ETFs, ensuring documentation meets regulatory and market-specific requirements and collaborating closely with global custodians and internal stakeholders. o Submit, track, and maintain various global market forms, including tax reclaim forms, Power of Attorney documentation, and required market documentation, ensuring compliance with evolving market regulations. o Monitor global market updates daily and assess applicability across funds, proactively communicating impacts to Portfolio Managers, Traders, Middle Office, Fund Accounting, Tax, and Valuation teams. o Facilitate and maintain third party Repurchase Agreement onboarding, documentation reviews, annual counterparty reviews, and recurring meetings, helping support liquidity management activities. o Research and resolve reconciliation breaks, failed trades, and corporate action discrepancies, partnering with custodians to ensure timely resolution and accurate reporting. o Oversee substantial ownership monitoring and reporting for Schwab funds, ETFs, and SMAs with a focus on precision, risk mitigation, and adherence to regulatory obligations. o Support fund liquidity, TMPG, and ETF collateral oversight, ensuring controls are followed and documentation remains audit ready. o Manage proxy voting reporting oversight and related regulatory filings, ensuring timeliness and accuracy. What you have Required Qualifications: o Bachelor’s degree required (Degree in Business, Finance, or Economics highly preferred). o 3–5 years of experience within the Financial Services industry o Knowledge of mutual funds and Exchange Traded Funds (ETFs) Fund Accounting and/or Custody experience o Experience with global market account documentation for 40 Act funds and/or Collective Investment Trusts o Proven ability to interpret evolving global market documentation regulations, standards, and market requirements, with strong risk awareness and attention to detail. Preferred Qualifications: o Strong organizational skills with the ability to balance competing priorities in adherence to strict timeframes and deadlines. o Demonstrated problem-solving skills, with ability to resolve issues, and recommend process improvements. o Proven verbal communication and presentation skills and ability to interact with all levels in the SAM Fund Administration teams and with other external/internal partners. o Impeccable attention to detail. o Drive and skill set to identify areas of opportunity and streamline or automate existing workflows. o Ability to work independently and with a team on executing risk and control oversight of internal and vendor processes, while ensuring deadlines are met, data is accurate, and the end-product adds value. o Willingness to think outside the box and challenge assumptions in the spirit of creating efficiencies.

Keywords: Charles Schwab, Bolingbrook , Manager, Custody Operations & Global Market Documentation, Accounting, Auditing , Schiller Park, Illinois