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.
This role is within Corporate Risk Management and responsible for assessing and reporting on market and capital risk across all entities of the Charles Schwab Corporation, including Charles Schwab Bank. The position requires working with senior leadership, Treasury, Financial Planning & Analysis, and various regulatory organizations to develop and communicate market and investment risk across Charles Schwab Corporation. This is an individual contributor role with no direct reports. This role reports to the Director, Market Risk Management.
What you’ll do:
- Perform interest rate risk and capital risk analysis for Charles Schwab Corporation.
- Construct detailed market and stress scenario analyses to assess market and capital risk.
- Present scenario results to senior management regularly.
- Value fixed income, mortgage, and derivative securities.
- Generate risk metrics reported to senior management risk committees.
- Work with quantitative groups to enhance models for fixed income instruments, interest rate, deposit products, and prepayment speeds, and communicate market risk impacts to upper management.
- Provide insight into model functionality, capabilities, and limitations.
- Maintain documentation of modeling assumptions and methodologies.
- Produce presentation materials for various audiences.
What you have
To fulfill our promise of “challenging the status quo,” successful candidates should have:
Required Qualifications:
- Bachelor's degree
- 4+ years of experience in banking, insurance, or financial services, preferably with a focus on ALM, derivative valuation, and capital adequacy assessment
- Experience with interest rate risk management, FP&A, and/or asset liability management, preferably with ALM applications like Polypaths, Bancware, or QRM
- Knowledge of the financial services industry, finance, and accounting principles
- High proficiency in Microsoft Excel and financial modeling best practices
- Self-motivated with the ability to support initiatives and projects with persistent inquiry
- Strong attention to detail, analytical, and quantitative skills
- Excellent written and verbal communication skills
Preferred Qualifications:
- Degrees in Finance, quantitative fields, or CFA designation preferred
- SQL knowledge is desirable but not required
- Exposure to mortgage prepayment and deposit modeling
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 regularly.
We offer a competitive benefits package that supports your whole well-being:
- 401(k) with company match and Employee Stock Purchase Plan
- Paid time off for vacation, volunteering, and a 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