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Senior Manager, Model Validation

Location Lone Tree, Colorado, United States; Westlake,Texas,United States;Chicago,Illinois,United States;Other,California,United States; Requisition ID 2022-80974 Category Risk & Regulatory Position Type Regular CO Salary Range 121,000 - 242,000
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Your Opportunity


Model Risk Oversight is a strategic function within the broader Corporate Risk Management umbrella that applies a broad spectrum of models to build innovative products for our clients, and to prudently handle 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 senior quantitative analyst to conduct model validations and make contributions to the Model Risk Oversight team. The analyst will need strong quantitative proficiency and a good understanding of how financial models are used in business contexts.

Workplace Flexibility Program: We're proud to support our employees in a working approach that allows you to bring your best self to work – whether that’s in the office or remote.

  • Most Schwabbies have the opportunity to voluntarily work in the office or at home based on their preference,
  • When the firm is ready to fully r\eturn to the office, employees will have the flexibility of a hybrid work environment, spending some time working remote and some time in the office.
  • Employees and managers can discuss and decide what works best for them, with additional flexibility available based on their role, business needs, and individual circumstances.

*Subject to change as Schwab is continually evaluating the current environment in order to best care for the safety and well-being of our employees.

What you are good at


The job responsibilities will include, but not be limited to:

  • Performing 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;
  • Presenting work through formal model validation reports, as well as through presentations to model owners and senior management;
  • Working optimally as a team member with other quantitative analysts at the company, as well as with external consultants;
  • Evaluating model performance monitoring reports, and conducting model annual reviews;

What you have


Required skills and qualifications:

  • Advanced degree in a quantitative field (economics, statistics, finance, mathematics, physics).
  • 5+ years of work experience in quantitative modeling.
  • Advanced skill with one or more analytical tools, such as SAS, R, Python, or MATLAB.
  • Strong oral and written communication skills.
  • Excellent people skills.

Preferred skills and qualifications:

  • Ph.D. in a quantitative field (economics, statistics, finance, mathematics, physics).
  • Solid understanding of financial predictive modeling fields, such as consumer behavioral modeling, time series forecasting, dynamic equilibrium models, optimization theory, panel data analysis, and decision science.
  • Experience with Non-Maturity Deposit Models, market risk analysis, and interest rate risk analysis.
  • Experience working as a quant in the financial industry.
  • Knowledge of model governance processes and regulatory requirements for large US banks.

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. Explore further.

Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an Equal Opportunity Employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. Please click here to see the policy.

Schwab is an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.

TD Ameritrade, a subsidiary of Charles Schwab, is an Equal Opportunity Employer. At TD Ameritrade we believe People Matter. We value diversity and believe that it goes beyond all protected classes, thoughts, ideas, and perspectives.

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