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 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 quantitative analyst to assist with model validations and make additional contributions to the Model Risk Oversight team. The analyst will participate in several model governance activities in business areas including Artificial Intelligence techniques and investment management. The use of Artificial Intelligence at Schwab is growing rapidly and the analyst will work primarily on validation projects 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.0-1 years of work experience with model development or model validation in the financial industry.Advanced skill with open-source analytical tools and libraries, such as Python or R.Preferred Qualifications:
Strong oral and written communication skills.Experience with generative AI application development, such as retrieval augmented generation. Model development or model validation experience related to supervised machine learning. Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Why work for us?Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.
Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home—today and in the future. Application FAQs
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