Manager, Risk Analytics/Modeling

Charles Schwab Inc.•Westlake, TX

3d•$100,000 - $140,000•Onsite

About The Position

The Asset Liability Management and Market Risk Modeling team within Corporate Treasury develops and maintains models that inform financial forecasting, market risk measurement, capital stress testing, and balance sheet strategy. As a Manager, ALM & Market Risk Modeling, you will serve as an individual contributor supporting fixed-income and mortgage modeling capabilities used to evaluate investment securities, loans, structured products, spreads, accumulated other comprehensive income, capital, and net interest income. In this role, you will execute, monitor, test, and enhance AD&Co models and related analytics for agency and non-agency mortgage products, prepayment behavior, credit performance, asset-backed securities, option-adjusted spreads, fair value, income, and capital stress scenarios. You will apply analytical thinking and sound decision-making to assess model performance, investigate changes in results, conduct backtesting and benchmarking, and strengthen documentation, controls, and issue remediation. Your work will help Schwab produce controlled, reliable, and insightful modeling outputs that support business-as-usual forecasting, market risk management, capital planning, and investment portfolio decisions. You will collaborate across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight, adapting your approach as priorities and market conditions evolve while clearly communicating model results, key drivers, production status, and emerging risks.

Requirements

Bachelor’s degree in Applied Mathematics, Engineering, Finance, Economics, Statistics, Computer Science, or a related quantitative discipline
3+ years of relevant professional experience, or an equivalent combination of professional experience and graduate study, in banking, balance sheet management, asset liability management, market risk, or capital stress testing
Experience using in-house or third-party prepayment models, including AD&Co or a comparable platform, to support balance sheet management, financial forecasting, or stress testing
Knowledge of fixed-income modeling concepts, including duration, optionality, option-adjusted spreads, accumulated other comprehensive income, sensitivity analysis, and scenario-based risk analysis
Knowledge of mortgage prepayment behavior, including refinance incentives, burnout, turnover, seasonality, and borrower credit characteristics
Experience supporting model development and evaluation through feature selection, backtesting, performance monitoring, benchmarking, and model tuning
Experience using Python, SQL, Microsoft Excel, or comparable analytical tools for data analysis, model monitoring, workflow automation, and controlled evidence retention
Ability to apply analytical thinking, problem solving, and attention to detail when evaluating model results, identifying risks, and escalating issues in a controlled environment

Nice To Haves

Advanced degree in a quantitative or technical discipline
CFA, FRM, PRM, or a comparable professional designation
Experience with capital stress testing, including Comprehensive Capital Analysis and Review or company-run stress testing processes
Experience developing or supporting models for asset-backed securities, mortgage products, structured finance, spreads, option-adjusted spreads, fair value, income, or accumulated other comprehensive income
Experience establishing and executing model controls, including input reviews, output reasonableness checks, sensitivity analysis, documentation, and evidence retention
Experience supporting model validation, regulatory or internal audits, issue remediation, and audit readiness
Ability to interpret complex analytical results, identify meaningful drivers of change, and communicate conclusions clearly to technical and nontechnical stakeholders
Demonstrated adaptability when managing multiple priorities, responding to changing assumptions, and solving problems with incomplete or evolving information
Ability to build collaborative relationships across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight

Responsibilities

Execute, monitor, test, and enhance AD&Co models and related analytics for agency and non-agency mortgage products, prepayment behavior, credit performance, asset-backed securities, option-adjusted spreads, fair value, income, and capital stress scenarios.
Apply analytical thinking and sound decision-making to assess model performance, investigate changes in results, conduct backtesting and benchmarking, and strengthen documentation, controls, and issue remediation.
Produce controlled, reliable, and insightful modeling outputs that support business-as-usual forecasting, market risk management, capital planning, and investment portfolio decisions.
Collaborate across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight.
Adapt approach as priorities and market conditions evolve while clearly communicating model results, key drivers, production status, and emerging risks.