Director, Risk Analytics/Modeling
Apply NowCompany: Charles Schwab
Location: Piedra, CA 93649
Description:
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.
Develop, deliver, approve, and support advanced regulatory-compliant Asset and Liability Management models and stress test models, concentrated on non-maturity deposits products. Provide modeling guidance to junior team members. Perform computational, statistical, and econometric analyses. Document the rationale and supporting evidence for model development. Document model limitations and, on an on-going basis, test the model performance to ensure that the model limitations do not adversely impact model accuracy. Utilize project management and communication skills to ensure project deliverables are understood and achievable. Support risk committees, auditors, regulators, and senior management regarding model risk and its potential effects on the risk profile to the organization.
Position supervises 2 Model Developers, Risk Analytics.
Position allows for partial remote work (2-3 times in the office). Must live within reasonable commuting distance. Reports to company office in Boston, MA. Subject to Schwab's internal approach to workplace flexibility.
What you have
Position requires Bachelor's or Master's degree in Economics, Statistics, Financial Engineering, Computational Mathematics, Finance, or related field and progressive post-bachelor's related experience (7 years with Bachelor's or 5 years with Master's) which must include some experience in each of the following skills: Financial risk modeling, specifically client behavior models for deposits with a focus on portfolio optimization across equity, fixed income, and money market alternatives; Full stack quantitative model development experience (data cleaning, developing econometric models, writing technical documentation, deploying models in production environment, and addressing questions from Model Risk Management, Internal Audit, and Regulators); Capital Stress Testing and risk model regulatory requirements; Statistical and probabilistic concepts and modeling techniques in multivariate linear regression, panel data regression, time series, logistic regression, and machine learning models; Programming and data visualization in statistical software(Python, R, and RMarkdown) and coding in SQL related database software; Asset Liability Management Software (PolyPaths or QRM); and Deriving Interest Rate Risk metrics including economic value of equity, net interest income, effective duration, and portfolio's weighted average life, to measure exposure to the interest rate risk.
Charles Schwab & Company, Inc. seeks Director, Risk Analytics/Modeling in Boston, MA.
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.
Develop, deliver, approve, and support advanced regulatory-compliant Asset and Liability Management models and stress test models, concentrated on non-maturity deposits products. Provide modeling guidance to junior team members. Perform computational, statistical, and econometric analyses. Document the rationale and supporting evidence for model development. Document model limitations and, on an on-going basis, test the model performance to ensure that the model limitations do not adversely impact model accuracy. Utilize project management and communication skills to ensure project deliverables are understood and achievable. Support risk committees, auditors, regulators, and senior management regarding model risk and its potential effects on the risk profile to the organization.
Position supervises 2 Model Developers, Risk Analytics.
Position allows for partial remote work (2-3 times in the office). Must live within reasonable commuting distance. Reports to company office in Boston, MA. Subject to Schwab's internal approach to workplace flexibility.
What you have
Position requires Bachelor's or Master's degree in Economics, Statistics, Financial Engineering, Computational Mathematics, Finance, or related field and progressive post-bachelor's related experience (7 years with Bachelor's or 5 years with Master's) which must include some experience in each of the following skills: Financial risk modeling, specifically client behavior models for deposits with a focus on portfolio optimization across equity, fixed income, and money market alternatives; Full stack quantitative model development experience (data cleaning, developing econometric models, writing technical documentation, deploying models in production environment, and addressing questions from Model Risk Management, Internal Audit, and Regulators); Capital Stress Testing and risk model regulatory requirements; Statistical and probabilistic concepts and modeling techniques in multivariate linear regression, panel data regression, time series, logistic regression, and machine learning models; Programming and data visualization in statistical software(Python, R, and RMarkdown) and coding in SQL related database software; Asset Liability Management Software (PolyPaths or QRM); and Deriving Interest Rate Risk metrics including economic value of equity, net interest income, effective duration, and portfolio's weighted average life, to measure exposure to the interest rate risk.
Charles Schwab & Company, Inc. seeks Director, Risk Analytics/Modeling in Boston, MA.