Senior Quantitative Analyst
Your Opportunity
Your opportunity
Model Risk Oversight is a strategic function within the broader Corporate Risk Management umbrella that utilizes a broad spectrum of models to create innovative products for our clients, and to prudently manage our financial risk using sophisticated quantitative approaches. The Model Risk Oversight team plays a key role in identifying, reviewing, and monitoring all models at the company.
We seek a senior quantitative analyst to conduct model validations and make additional contributions to the Model Risk Oversight team. The senior analyst will participate in several model governance activities in business areas that leverage a variety of Artificial Intelligence techniques. The use of Artificial Intelligence at Schwab is growing rapidly and the senior analyst will work primarily on validating models of this type.
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 effectively 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.
*This will be an individual contributor role.
What you have
Required Qualifications:
- Advanced degree in a quantitative discipline.
- 5+ years of work experience with model development or model validation related to Artificial Intelligence techniques such as Generative AI, Large Language Models, Machine Learning or Natural Language Processing.
- Advanced skill with analytical tools, such as SAS, R, MATLAB, or Python.
- Knowledge of SR 11-7 regulatory guidance and corresponding model governance requirements for banks.
Preferred Qualifications:
- Strong verbal and written communication skills.
- PhD degree in a quantitative discipline.
- AI/ML/NLP Model development or model validation experience in a regulated financial institution.
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:
- Advanced degree in a quantitative discipline.
- 5+ years of work experience with model development or model validation related to Artificial Intelligence techniques such as Generative AI, Large Language Models, Machine Learning or Natural Language Processing.
- Advanced skill with analytical tools, such as SAS, R, MATLAB, or Python.
- Knowledge of SR 11-7 regulatory guidance and corresponding model governance requirements for banks.
Preferred Qualifications:
- Strong verbal and written communication skills.
- PhD degree in a quantitative discipline.
- AI/ML/NLP Model development or model validation experience in a regulated financial institution.
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.