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. We are seeking a manager who is strong in challenging implementation design, model use within different environments, data management, and change management. The nature of the team is very collaborative, and this person will partner effectively with model owners to identify and drive practical resolutions for gaps in model risk management. This manager will also coordinate with other teams that are assisting in the validation report. To ensure success, it will be key to evaluate model performance monitoring reports and conduct model revalidation & model annual reviews.
What you have Be an initiative-taker, able to work independently and within a team environment, with a proven ability to review and challenge complex application infrastructures and software implementation.High attention to detail, sharp critical thinking, and problem-solving skills.Excellent writing skills with proven ability to prepare and create executive-level reports and documentation.Excellent communications skills with the ability to present and describe issues and solutions to their team, model owners, developers, and executive staff.Excellent people skills.Experience developing, implementing, or executing quantitative or predictive models using statistical programming languages (e.g., Python, R, Matlab) is a plus.Experience with object-oriented programming languages (e.g., C#, Java) is a plus.Experience with SDLC concepts and related systems (e.g., JIRA, Bamboo, Zephyr, Bitbucket, Remedy) is a plus.Experience in computer system engineering and administration.Experience in model risk management.Familiarity with regulatory guidance such as SR11-7, 15-19, etc.Knowledge of model governance processes and regulatory requirements for large US banks. Options Apply for this jobApplyShareRefer a friendRefer 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. Application FAQs
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