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.Independently construct detailed market and stress scenario analyses to assess market and capital risk.Present scenario results to senior management on a regular basis.Value fixed income, mortgage and derivative securities.Generate risk metrics that are reported to a number of senior management risk committees.Work with various quantitative groups to enhance models for fixed income instruments, interest rate, deposit products and prepayment speeds from a risk perspective 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 targeted at varying types of audiences. What you haveTo ensure that we fulfill our promise of “challenging the status quo,” this role has specific qualifications that successful candidates should have.
Required Qualifications:
Bachelor's degree required4+ years of experience in banking, insurance or a financial services firm, preferably with an emphasis on a combination of ALM, derivative valuation and capital adequacy assessmentExperience with interest rate risk management, Financial Planning & Analysis (FP&A), and or asset liability management preferably with ALM applications such as Polypaths, Bancware or QRMKnowledge of financial services industry, along with finance & accounting principles and conceptsHigh proficiency in Microsoft Excel skills, with an understanding of financial modeling best practicesSelf-motivated and able to support initiatives and projects with persistent inquiryStrong attention to detail, analytical and quantitative skillsSelf-motivated and able to bring projects to their conclusion and maintain models with persistent inquiryStrong written and verbal communication skillsPreferred Qualifications:
Degrees in Finance, quantitative field or CFA designation preferredSQL is desired but not requiredExposure to mortgage prepayment and deposit modeling 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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