Job Locations US-CO-Lone Tree | US-TX-Westlake | US-AZ-Phoenix | US-TX-Austin

Requisition ID

2024-104015

Posted Date

4 days ago(9/30/2024 7:06 PM)

Category

Risk & Regulatory

Salary Range

USD $87800.00 - $195200.00 / Year

Application deadline

10/14/2024

Position Type

Full time

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.

Model Risk Oversight is a strategic function within the broader Corporate Risk Management umbrella that utilizes a broad spectrum of models to create innovative products for our clients, and to prudently manage our financial risk using sophisticated quantitative approaches. The Model Risk Oversight team plays a key role in identifying, reviewing, and monitoring all the models at the company.

We are hiring a quantitative analyst to conduct model validations and make additional contributions to the Model Risk Oversight team. The analyst will need strong quantitative aptitude and a good understanding of how financial models are used in business contexts. This is a manager level individual contributor role in which the person will perform model validations following guidelines based on SR 11-7, to include an assessment of model usage, documentation, conceptual soundness, data integrity, the control environment, and the software environment. This manager will have the opportunity to present work through formal model validation reports, as well as through verbal presentations to model owners, senior management and oversight agencies. The nature of the team is very collaborative, and this team member will partner with model owners to identify and drive practical resolutions for gaps in model risk management. To ensure success, it will be key to evaluate model performance monitoring reports and conduct model revalidation & model annual reviews.

Required Qualifications

• Advanced degree in a quantitative discipline (economics, finance, statistics, mathematics, physics, engineering)
• 2+ years of work experience in quantitative modeling or ALM/Interest Rate Risk
• Understanding of fixed income instruments, interest rate and prepayment modeling
• Advanced skill with one or more analytical tools, such as SAS, R, Python, SQL, VBA or Tableau

Preferred Qualifications

• Experience with 3rd party ALM applications, such as Polypaths, Bancware or QRM
• Experience working as a quant in the financial industry
• Experience in banking or insurance with an emphasis on ALM (net interest income and balance sheet forecast), fixed income analytics, modeling or market risk
• CFA and/or FRM and/or CTP certification
• Knowledge of model governance processes and regulatory requirements for large US banks
• Excellent people skills
• Strong oral and written communication skills

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?

Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.

Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future.