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Quantitative Risk Senior Manager

Charles Schwab
Chicago, Illinois, United States
Closing date
Apr 17, 2024

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Job Role
Risk Manager
Contract Type
Full Time
Your Opportunity

Charles Schwab has been a leader in financial services for over four decades, working to make investing more affordable, accessible, and understandable to all. Driven by our purpose to champion every client's goals with passion and integrity, we're committed to providing an environment that respects and appreciates the diversity of our employees, our clients, and the communities we serve. Our goal, as seen through clients' eyes, is that Schwab continuously improves on being a premier financial service provider through best-in-class service, technology, products, people and advice.

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 Risk Analytics team is situated in Corporate Risk Management. The team utilizes in-house and third-party quantitative models to estimate the potential impact on Schwab's financial statements resulting from various future economic outcomes.

The Quantitative Risk Senior Manager will help support the risk analytics team with respect to the interest rate risk process, which includes Capital Stress Testing, Board Reporting, and ad hoc analysis. The responsibilities will cover both developing new in-house models and utilizing/monitoring the third-party quantitative models employed by the risk analytics team. This position will require hands-on model development experience, broad knowledge about fixed income instruments specially Mortgage-backed securities. The candidate for this function should demonstrate analytical skills, desire to learn and develop new concepts, ability to improve analytical and operational processes.

Key responsibilities will include, but not be limited to:

Perform interest rate, prepayment, and risk analysis for fixed income securities.
Develop pricing model for mortgage loans and mortgage-backed securities.
Provides advanced analytical expertise to support the development, validation, monitoring, reporting and documentation of stress testing, CCAR models, and market risk strategies.
Manage and update model assumptions, as needed, and conduct scenario and sensitivity analysis on key assumptions.
Present results and model performance to stakeholders and model risk oversight on a routine basis.
Support process improvement initiatives, including the automation of analytic and reporting processes.
What you have

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

Required qualifications

Master's degree or equivalent quantitative and analytical experience
7+ years of experience with fixed income analytics and modeling
5+ years of experience with quantitative and analytical skills
Experience in processing Data and developing statistical model with SQL, R, Python

Preferred qualifications

Experience with PolyPaths, Bloomberg, and Calypso products
Experience with Tableau or other Business Intelligence/Data Visualization software
The ability to self-manage and work on multiple deliverables concurrently
Strong written and verbal communication skills, including the ability to convey complex financial and technical concepts
CFA or FRM designation

What's in it for you

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. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package 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

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