Director, ALM & Market Risk Modeling

Charles Schwab; San Francisco (CA); Hybrid; USD 200,000 - 260,000; Full time

Benefits offered by this job

401(k) match

Employee stock purchase plan

Sabbatical program

Parental leave

Tuition reimbursement

Health, dental & vision insurance

Job summary

Charles Schwab seeks a Director in ALM & Market Risk Modeling to lead the organization’s balance sheet risk framework. You will own PolyPaths-based models for interest rate risk, hedging instruments, and capital stress forecasting, partnering with ALM Strategy, BAU, traders, risk partners, and tech teams.

The role requires deep PolyPaths expertise and strong governance to deliver production-ready models and transparent outputs for decision-making.

Qualifications

• 5+ years of direct people leadership/management experience.
• 8+ years in a publicly traded complex financial services environment with model automation and documentation.
• 8+ years of balance sheet and market risk modeling experience.
• 8+ years using PolyPaths, QRM, or similar ALM software for planning and risk forecasts.
• Degree in quantitative fields such as Applied Mathematics, Financial Engineering, Economics, or related discipline.

Responsibilities

• Administer the PolyPaths system including profile management and configuration.
• Design, implement, and support batch processing within PolyPaths Enterprise.
• Maintain technical documentation and manage system upgrades.
• Model linear and non-linear hedge instruments and relationships via PolyPaths.
• Manage vendor prepayment models for accuracy and compliance.
• Develop and maintain models for asset-backed securities.

Skills

Leadership experience

Strategic thinking

Team collaboration

Communication skills

Problem solving

Education

Quantitative degree (Applied Mathematics / Financial Engineering / Economics)

Tools

PolyPaths

QRM

ALM software

Job description

Charles Schwab seeks a Director in ALM & Market Risk Modeling to lead the organization’s balance sheet risk framework. You will own PolyPaths-based models for interest rate risk, hedging instruments, and capital stress forecasting, partnering with ALM Strategy, BAU, traders, risk partners, and tech teams.

The role requires deep PolyPaths expertise and strong governance to deliver production-ready models and transparent outputs for decision-making.