Financial Crimes Senior Model Validator
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.
Model Risk Oversight serves as a strategic function within Corporate Risk Management, leveraging a wide range of models to develop innovative client solutions and effectively manage financial and reputational risks through advanced quantitative methodologies. The Model Risk Oversight team is responsible for identifying, reviewing, and monitoring all models deployed across the organization.
We are seeking applications for the Senior Manager position, focused on model validation and broader contributions to the Model Risk Oversight team. Candidates should possess strong quantitative skills and a solid understanding of the application of digital assets, fraud, Bank Secrecy Act (BSA), and anti-money laundering (AML) models within a business context. Candidates must demonstrate understanding of crypto trading and crypto transfers using blockchain technology, including skills in distributed ledger analysis, cryptographic protocols, on-chain analytics, blockchain tracing, smart contract evaluation, wallet management, and transaction monitoring for digital assets.
*This is an individual contributor position.
Job responsibilities include:
Validating models used for the detection and prevention of financial crimes, including those related to digital assets, fraud, BSA, AML, and cybersecurity, in accordance with SR 11-7, with assessments covering conceptual soundness, performance monitoring, data integrity, and other relevant model validation areas.
Delivering model validation reports and presenting findings to model owners and senior management.
Collaborating with internal analysts and external consultants.
Reviewing model performance monitoring and conducting annual model reviews.
What you have
Required Qualifications:
5+ years of relevant work experience.
Solid understanding of regulations and compliance related to digital assets, fraud, BSA, AML, and cybersecurity.
Solid knowledge and understanding with model governance and related regulatory guidance.
Advanced degree in statistics, math, physics, engineering, or economics.
Proficient in Python, SAS, R, and other statistical or programming languages.
Preferred Qualifications:
5+ years of work experience in model validation.
Ph.D. in quantitative discipline (statistics, mathematics, physics, economics).
CFA, FRM, ACAMS and digital asset related certifications.
Experience working as a quant in the financial industry.
Effective communicator, both verbally and in writing.
Strong interpersonal skills.
What’s in it for you
At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. 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:
5+ years of relevant work experience.
Solid understanding of regulations and compliance related to digital assets, fraud, BSA, AML, and cybersecurity.
Solid knowledge and understanding with model governance and related regulatory guidance.
Advanced degree in statistics, math, physics, engineering, or economics.
Proficient in Python, SAS, R, and other statistical or programming languages.
Preferred Qualifications:
5+ years of work experience in model validation.
Ph.D. in quantitative discipline (statistics, mathematics, physics, economics).
CFA, FRM, ACAMS and digital asset related certifications.
Experience working as a quant in the financial industry.
Effective communicator, both verbally and in writing.
Strong interpersonal 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.