Manager, Market Risk Management
Your Opportunity
Your opportunity
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
- 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 have
To 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 required
- 2+ years of experience in a financial institution working in an analytical role
- Experience working with financial data or quantitative modeling
- Self-motivated and able to support initiatives and projects with persistent inquiry
- Strong attention to detail
- Strong written and verbal communication skills
Preferred Qualifications:
- Relevant treasury or market risk experience
- Degree in Finance, computer science, or quantitative field preferred
- SQL and Python experience strongly preferred
- Experience with 3rd party ALM applications such as, Polypaths, Bancware or QRM
- Progress toward CFA or FRM designation
- Analytical and quantitative skills
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
To 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 required
- 2+ years of experience in a financial institution working in an analytical role
- Experience working with financial data or quantitative modeling
- Self-motivated and able to support initiatives and projects with persistent inquiry
- Strong attention to detail
- Strong written and verbal communication skills
Preferred Qualifications:
- Relevant treasury or market risk experience
- Degree in Finance, computer science, or quantitative field preferred
- SQL and Python experience strongly preferred
- Experience with 3rd party ALM applications such as, Polypaths, Bancware or QRM
- Progress toward CFA or FRM designation
- Analytical and quantitative skills
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.