Westlake, TX, 76262, USA
16 hours ago
Director – Head of Models & Methodology - Finance Risk Management
**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 is a role where you will be able to grow your expertise through consistent challenges with the backing of passionate leaders who will value your contributions and encourage your development. The Finance Risk Management (FRM) function is an in-business risk function within Finance, which designs and implements a cohesive risk management strategy and framework to adequately identify and mitigate risk while driving innovation and business growth. The mandate encompasses liquidity risk, interest rate risk, capital risk and regulatory risk management across the Finance organization. Additionally, the FRM function collaborates with the second line Corporate Risk Management function in the development and enhancement of risk management policies, procedures, and limits across the Finance risk disciplines. We partner across the firm to improve efficiency, effectiveness, and productivity by safeguarding financial flexibility to enable the company strategy. We are seeking a Director – Head of Models & Methodology to join the group reporting to the Head of Finance Risk Management. **In this role, you will:** + Develop comprehensive and consistent methodologies for risk modelling and measurement across Finance, ensuring safety and soundness while enabling optimization, forecasting, and strategic decision-making. + Guide internal stress testing scenarios and assumptions as well as regulatory stress testing interpretations across Finance risk stripes. + Work with Finance partners and Transformation team to adopt an integrated and robust infrastructure to effectively measure and manage risk across Finance by steering implementation of models and methodologies. + Enable deposit pricing strategy by implementing appropriate client segmentation to optimize client growth, net interest margin and funding resilience. + Align incentives to risk exposures through reliable ways for Transfer Pricing at various levels (business, product, and legal entity) + Partner across the firm to improve efficiency, effectiveness, and productivity by safeguarding financial flexibility to enable the company strategy. + Update senior management on risk management capabilities, trends, and any potential remediation work. + Represent Finance function risk management capabilities, exposures and activities to regulatory officials and rating agencies. **What you have** Required: + Bachelor’s degree required. + 12+ years of related work experience + Demonstrated detailed knowledge of finance and/or risk management. + Deep knowledge of broker dealer and bank risk management capabilities + Deep knowledge of Capital, Liquidity, Interest Rate and Regulatory Risk Management practices + Deep knowledge of Enhanced Prudential Standard requirements and other relevant regulation + Experienced with sweep deposit programs. + Experienced with financial systems and financial data. + Excellent analytical, strategic planning, critical thinking skills. + Ability to translate sophisticated business problems into discrete quantifiable components. + Ability to think and lead under stress. + Excellent oral and written communication skills Preferred: + MBA preferred. + CFA, CPA or FRM professional designation preferred. In addition to the salary range, this role is also eligible for bonus or incentive opportunities. **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’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 Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.
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