Sr Specialist, Market Risk Management

Your opportunity

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.

Job Duties: Develop, maintain, and monitor quantitative models to assess financial risks and impacts. Maintain in-house models and utilize/monitor the third-party quantitative models employed by the risk analytics team to estimate the potential impact on Schwab’s financial statements resulting from various future economic outcomes. Perform prepayment and credit risk analysis for Asset-backed securities through quantitative perspective, which includes Capital Stress Testing, Board Reporting, and ad hoc analysis. Support process improvement initiatives, including the automation of analytic and reporting processes. Present results and model performance to stakeholders and model risk oversight on a routine basis. Provide advanced analytical expertise to support the development, validation, monitoring, reporting and documentation of stress testing, CCAR models. Manage and update model assumptions as well as conduct scenario and sensitivity analysis on key assumptions.

What you have

Job Requirements: Master’s degree in Finance, Business Analytics & Information Management, or a related field and 12 months of experience in a related occupation.. Experience must include 12 months of experience involving the following: Program data processing and analytical workflows using Python, R, C++, SAS, or Azure; SQL for querying and manipulating relational databases, including CTEs, window functions, and schema design; Business intelligence tools Tableau and Power BI; Managing code and model versioning using Git; Machine learning techniques, model evaluation, and statistical methods, including regression, classification, clustering, time series, and econometrics; and Managing full software development cycles using tools Visio and JIRA. .

We offer competitive pay and benefits. Starting compensation depends on related experience. Annual bonus and other eligible earnings are not included in the ranges above. Benefits include: 401(k) w/ company match; employee stock purchase plan; paid vacation, volunteering, 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; hybrid/remote work schedule available for eligible positions (subject to Schwab’s internal approach to workplace flexibility).