ALM & Market Risk Modeler – NII/EVE Analytics

Charles Schwab; Westlake (TX); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

401(k) with company match

Employee stock purchase plan

Paid time for vacation, volunteering,

Sabbatical after 5 years

Parental leave and family building

Tuition reimbursement

Health, dental, and vision insurance

Job summary

Charles Schwab is seeking a skilled ALM & Market Risk Modeling professional to own front-office modeling for interest rate risk and balance sheet optimization. You will develop and operate an ALM framework in collaboration with portfolio managers, risk partners, and product leaders to improve NII forecasts and risk measurements.

The role covers model development through backtesting, automation, and documentation, with opportunities to influence liquidity, capital strategy and hedge accounting

Qualifications

• Bachelor’s degree in a quantitative field (e.g., Applied Mathematics, Engineering, Finance, Economics, Statistics)
• Three years of relevant experience in ALM, treasury, fixed income, market risk, or quantitative analytics
• Strong quantitative skills in financial modeling and analytics, particularly related to fixed income products
• Hands-on experience with ALM and/or interest rate risk concepts (NII and EVE sensitivities, hedging strategies, fund transfer pricing)
• Experience in building automation workflows and data pipelines with Python/SQL in a highly regulated environment
• Strong written and oral communication skills
• Highly motivated self-starter with ability to work in ambiguity and identify opportunities

Responsibilities

• Perform front-office modeling, analytics, and optimization focused on interest rate risk management and fixed-income derivatives
• Develop and enhance the ALM model supporting BAU NII forecast and NII sensitivity, the EVE sensitivity model, and key assumptions
• Support production processes for financial planning, net interest income forecasting, and market risk measurement
• Contribute to initiatives to enhance, streamline, and automate balance sheet modeling, sensitivity analysis, and backtesting
• Partner with Model Risk Oversight to maintain documentation, support validations, and comply with model risk management standards
• Collaborate with key partners to deliver balance sheet analytics informing investment, liquidity, and capital strategies and risk management
• Leverage industry research to stay current on peer practices, vendor capabilities, and regulatory/industry trends relevant to ALM and market risk

Skills

Python

SQL

Communication

Self-starter

ALM modeling

Risk management

Fixed income

Education

Bachelor's degree in a quantitative field

Tools

PolyPaths

QRM

Job description

Charles Schwab is seeking a skilled ALM & Market Risk Modeling professional to own front-office modeling for interest rate risk and balance sheet optimization. You will develop and operate an ALM framework in collaboration with portfolio managers, risk partners, and product leaders to improve NII forecasts and risk measurements.

The role covers model development through backtesting, automation, and documentation, with opportunities to influence liquidity, capital strategy and hedge accounting