Sr Manager, Risk Analytics/Modeling
About The Position
Schwab’s Asset Liability Management and Market Risk Modeling team develops and maintains models that inform financial planning, market risk management, hedging strategies, capital stress testing, and balance sheet decisions across banking, broker-dealer, investment, and derivatives portfolios. This senior individual contributor helps ensure the PolyPaths modeling platform and its production infrastructure are accurate, scalable, well-controlled, and ready to support critical business decisions. The role leads enhancements, upgrades, testing, production validation, and issue resolution for PolyPaths and its Enterprise jobs. It models interest rate derivatives and hedging strategies; evaluates hedge accounting and accumulated other comprehensive income impacts; and analyzes outcomes across net interest income, economic value of equity, capital, and financial forecasts. The role strengthens model performance, production controls, data quality, and governance across business-as-usual and capital stress-testing processes. The position collaborates with Treasury Capital Markets, Investment Strategy, Finance, Technology, Model Risk Oversight, and external vendor teams to solve complex platform and modeling challenges. It provides technical leadership, communicates complex analytical and accounting concepts, establishes modeling standards, and mentors colleagues. The selected candidate is expected to work on site in the specified location(s). The role is eligible for bonus or incentive opportunities in addition to the salary range.
Requirements
- Bachelor’s degree in Applied Mathematics, Engineering, Finance, Economics, Statistics, Computer Science, or a related quantitative discipline.
- At least 5 years of professional experience in asset liability management, net interest income or economic value of equity sensitivity analytics, scenario analysis, or an equivalent combination of professional experience and graduate studies.
- Experience modeling cash flow or fair value hedging strategies within a major banking or insurance organization.
- Experience applying ASC 815 hedge accounting concepts, including accumulated other comprehensive income, other comprehensive income amortization, basis adjustments, or gain and loss forecasting.
- Hands-on experience using PolyPaths to create Enterprise jobs, model fixed income securities, construct yield curves, perform AppPort analytics, and review or troubleshoot asset liability management simulation runs.
- Experience using BatchCalc, BatchALM, or distributed processing to automate processes within the PolyPaths environment.
Nice To Haves
- Advanced degree in a quantitative or technical discipline.
- CFA, FRM, PRM, or a comparable professional designation.
- Experience leading vendor platform upgrades, release assessments, regression testing, production validation, model change governance, or remediation of complex production issues.
- Proficiency in Modeling and Model Evaluation to design enhancements, test results, identify unexpected outcomes, and support reliable financial and risk decisions.
- Experience applying Derivative Securities and Fixed Income knowledge to interest rate swaps, caps, floors, investment portfolios, and hedging strategies.
- Experience using Python, SQL, or comparable technologies to enhance automation workflows, data pipelines, analytical tools, regression testing, or production controls in a highly regulated environment.
- Ability to apply Risk Management and Data Analysis to assess output reasonableness, data quality, control effectiveness, and the potential impact of model or platform changes.
- Demonstrated problem-solving and decision-making skills when diagnosing production issues, evaluating alternatives, and implementing practical solutions in ambiguous situations.
- Strong cross-functional collaboration and communication skills, including explaining complex modeling topics, adapting to different audiences, and building alignment without direct management authority.
- Demonstrated technical leadership through mentoring, establishing standards, sharing knowledge, and improving the quality and consistency of modeling practices.
- Strong attention to detail, initiative, and adaptability when balancing production obligations, platform changes, control requirements, and evolving business priorities.
Responsibilities
- Lead enhancements, upgrades, testing, production validation, and issue resolution for PolyPaths and its Enterprise jobs.
- Model interest rate derivatives and hedging strategies.
- Evaluate hedge accounting and accumulated other comprehensive income impacts.
- Analyze outcomes across net interest income, economic value of equity, capital, and financial forecasts.
- Strengthen model performance, production controls, data quality, and governance across business-as-usual and capital stress-testing processes.
- Collaborate with Treasury Capital Markets, Investment Strategy, Finance, Technology, Model Risk Oversight, and external vendor teams to address platform and modeling challenges.
- Establish modeling standards, mentor colleagues, and communicate complex analytical and accounting concepts to support business decisions.
Benefits
- Bonus or incentive opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
