Manager, Model Risk Governance and Program Management
Your Opportunity
Your opportunity
At Schwab, you’re empowered to make an impact. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.
Model Risk Oversight (MRO) is a strategic function within the broader Corporate Risk Management umbrella that manages all quantitative and predictive modeling products to protect our clients and our company. The governance team within MRO plays a key role in establishing the program – creating policies and procedures, establishing reporting, ensuring our program is compliant with regulatory expectations and meets industry peers. This role provides an opportunity to drive program requirements and creatively improve model risk management at Schwab.
We are looking for an individual contributor to own model risk program management in alignment with the enterprise and operational risk program. This role will report to the Director of Model Risk Governance. This Manager will have a broad impact as they maintain, update and roll out changes to our policies and procedures. MRO will also rely on this person to monitor issue management for issues sourced by MRO and to plan and remediate issues assigned to MRO. As a key contributor, this Manager will also be involved with maintaining RCSA risks and controls and performing risk assessments. To ensure success of the program, it will be important for this Manager to support testing activities such as audits and control testing in addition to organizing and providing training on model risk program requirements.
What you have
Required Qualifications
- Bachelor’s degree.
- Experience with risk management concepts.
- Experience with program management.
- Experience with policies, standards, procedures, and risk frameworks.
Preferred Qualifications
- Master’s degree or related certifications.
- Working knowledge of SR 11-7 and model risk management concepts.
- Experience in the banking industry and understanding of modeling concepts.
- High attention to detail.
- Ability to define and follow processes.
- Ability to work with stakeholders to train and explain program.
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance
What you are good at
What you have
Required Qualifications
- Bachelor’s degree.
- Experience with risk management concepts.
- Experience with program management.
- Experience with policies, standards, procedures, and risk frameworks.
Preferred Qualifications
- Master’s degree or related certifications.
- Working knowledge of SR 11-7 and model risk management concepts.
- Experience in the banking industry and understanding of modeling concepts.
- High attention to detail.
- Ability to define and follow processes.
- Ability to work with stakeholders to train and explain program.
Why Schwab?
At Schwab, “Own Your Tomorrow” embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. We’re a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
Hear from employees: What’s it like to work at Schwab!
The benefits of working at Schwab : a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment 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 policy.)
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.