Sr. Manager, Investment Risk

Charles Schwab•Westlake, TX

18d•Onsite

About The Position

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. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified locations. This position is to be based in our office at Westlake, Texas. Schwab Asset Management (SAM) is the asset management arm of the Charles Schwab Corporation and has over $1.6 Trillion assets under management in mutual funds, ETFs and separately managed account strategies. Products managed include a wide variety of active and indexed equity, fixed income, asset allocation strategies, and money markets funds. SAM uses a consistent and disciplined approach to investing across all our products and seeks to develop innovative new products to meet the core investing needs of our clients. The SAM Investment Risk Team quantifies and reports on the investment risk of more than 493 different investment portfolios and strategies. The Senior Manager will be a key figure in the investment risk team and will work closely with the Investment Risk team lead for equity investment products. This role requires in-depth knowledge of theoretical and practical asset management, risk modeling, quantitative analysis and portfolio construction. The role requires a talented and successful professional with strong quantitative and communication skills to partner closely with multiple portfolio management teams at SAM while liaising regularly with other Schwab business lines.

Requirements

5+ years of quantitative investment management experience on the buy side.
5+ years of experience using risk models (Barra Equity & Multi-asset Class, Axioma, Aladdin).
Bachelor's degree required.
Experience using risk models (Barra/Axioma/Aladdin/ MSCI MAC), Portfolio Optimizers (Axioma/Aladdin/BarraOne), and general market analytical tools (FactSet/ Bloomberg/ Aladdin/ BarraOne).
Solid technical skills with the use of Python, SQL, Tableau, Excel VBA, automation and database management.
Experience with market risks monitoring including the use of investment risk metrics, performance and risk attribution, scenario analysis, and stress testing.
A technically savvy background and experience with the ability to integrate internally developed analytics with third-party vendor solutions such as Axioma, Factset, Barra, Aladdin and Morningstar.
Experience in applying machine learning to analyze datasets, drive investment risk decisions, and automate business processes.
Familiarity with current industry practices and relevant academic research about risk management and portfolio construction.

Nice To Haves

Experience in all areas of investment management is valued, but experience in equity portfolio analysis is a distinct plus.
CFA charter or an active desire to pursue a CFA charter is a distinct plus.
An advanced degree in finance or quantitative methods is a distinct plus.
Ability to utilize a versatile skill set and leadership qualities to take detail-oriented approaches to creatively solve problems.
Capacity to collaborate with other team members on how to identify the right balance between analysis, judgment, agility and urgency in order to deliver positive results.
Sufficient depth of experience to interact effectively with portfolio managers via meetings, presentations, and written reports.
Superior communication skills: Ability to explain quantitative concepts to a nontechnical audience, and communicate different messages clearly, authentically, and persuasively in a way that motivates people to take action.
Dedication to developing communication skills.
Ability to work effectively in a collaborative environment and being able to leverage the opinions, perspectives, and ideas of colleagues and incorporates their input into plans and priorities.
Ability to Identify and remove obstacles that prevent teams from doing their best work.
Proactively identify opportunities and take the initiative to establish new quantitative programs, either in response to requests from senior leaders or based on your own innovative ideas.

Responsibilities

Managing collaboration and strategic partnerships with CSIM's active and passive equity portfolio management teams.
Enhance effectiveness of existing risk and performance reporting and further develop and improve partnership momentum with portfolio management teams.
Conduct detailed independent assessments of investment strategies. In particular, materially contribute to fulfillment of the rapidly increasing demands for account-specific performance and risk attribution analysis for separately managed account products such as Schwab Personalized Indexing.
Materially contribute to report automation and better ensure the ability of SAM Risk and Performance to successfully scale to demands of separately managed account management.
Ensure production of material for quarterly investment risk and performance meetings.
Be responsible for identifying, critically analyzing, and communicating market and non-market risks to investment professionals and to senior management.
Contribute to the operational running, maintenance and upgrade of department risk analytics and reporting.
Take an active role in the portfolio risk budgeting process and recommend changes to positioning or processes when necessary.
Perform on-demand ad-hoc analyses and reporting to address evolving market conditions and portfolio developments.
Monitor domestic and foreign regulatory policies on financial markets while identifying issues affecting Schwab's investment management business.