Model Technical Risk Validator/Analyst
Your Opportunity
Your opportunity
At Schwab, you are 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.
Charles Schwab’s Model Risk Oversight (MRO) team oversees the use and risk of model use at the firm. MRO is responsible for performing validations of the conceptual soundness and technical implementation of models to ensure their reliability.
The Technical Validator will review the technical implementation of model systems, applications, and platforms, and collaborate with lead validators to determine the technical soundness of model implementation. Departments across the firm use models. MRO acts as the gatekeeper to ensure compliance with standards and best practice prior to production use. The candidate should be a self-starter who excels at effectively challenging the technical implementation of applications developed by others and determining improvements.
In this role, you’ll have the opportunity to:
- Partner with model developers and implementation teams to establish proper controls and determining best practice for model implementation.
- Author professional reports that deliver results for an in-depth validation.
- Coordinate with other teams that are assisting in the validation report.
- Challenge model implementation within the following areas:
- Implementation design including platform and architecture/infrastructure.
- Model use within the development, testing, and production environments.
- Data management and related controls for handling, moving, transforming, consuming, producing, and protecting data.
- Change management concepts across versioning, source code controls, and deployment methodologies.
- Comprehensive testing plans including regression tests, unit tests, feature tests, and other implementation testing practices to ensure proper development and implementation of models.
- Access management regarding unauthorized access to model and data.
What you have
Required Qualifications:
- The equivalent work experience or master’s degree in information systems, software engineering, or computer science.
Preferred Qualifications:
- 2+ years' experience in software development and implementation, software engineering, full stack application development, IT system architecture, or other IT related areas.
- 2+ years’ experience with testing, including knowledge of best practices for unit tests, regression tests, feature tests, and other types of implementation testing.
- An initiative-taker, able to work independently and within a team environment, with a proven ability to review and challenge complex processes or software implementation.
- High attention to detail, sharp critical thinking, and problem-solving skills.
- Excellent writing skills with proven ability to prepare and create executive-level reports and documentation.
- Excellent communications skills with the ability to present and describe issues and solutions to their team, model owners, developers, and executive staff.
- Experience developing, implementing, or executing quantitative or predictive models using statistical programming languages (e.g., Python, R, Matlab).
- Experience with object-oriented programming languages (e.g., C#, Java).
- Experience with SDLC concepts and related systems (e.g., JIRA, Bamboo, Zephyr, Bitbucket, Remedy).
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:
- The equivalent work experience or master’s degree in information systems, software engineering, or computer science.
Preferred Qualifications:
- 2+ years' experience in software development and implementation, software engineering, full stack application development, IT system architecture, or other IT related areas.
- 2+ years’ experience with testing, including knowledge of best practices for unit tests, regression tests, feature tests, and other types of implementation testing.
- An initiative-taker, able to work independently and within a team environment, with a proven ability to review and challenge complex processes or software implementation.
- High attention to detail, sharp critical thinking, and problem-solving skills.
- Excellent writing skills with proven ability to prepare and create executive-level reports and documentation.
- Excellent communications skills with the ability to present and describe issues and solutions to their team, model owners, developers, and executive staff.
- Experience developing, implementing, or executing quantitative or predictive models using statistical programming languages (e.g., Python, R, Matlab).
- Experience with object-oriented programming languages (e.g., C#, Java).
- Experience with SDLC concepts and related systems (e.g., JIRA, Bamboo, Zephyr, Bitbucket, Remedy).
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.