Manager, ALM & Market Risk Analytics

Charles Schwab Corporation; Westlake (TX); On-site; USD 140,000 - 190,000; Full time

Job summary

Charles Schwab Corporation is seeking a Manager in Asset Liability Management and Market Risk Modeling to support mortgage and fixed-income modeling. You will work on agency and non-agency mortgage products, prepayment behavior, and risk analysis, applying rigorous backtesting and documentation.

The role emphasizes collaboration across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight, with a focus on accurate model results, control processes, and risk awareness

Qualifications

• Bachelor’s degree in Applied Mathematics, Engineering, Finance, Economics, Statistics, Computer Science, or related quantitative discipline.
• 3+ years of relevant professional experience in banking, balance sheet management, asset liability management, market risk, or capital stress testing.
• Experience using in-house or third-party prepayment models, including AD&Co or a comparable platform.
• Knowledge of fixed-income modeling concepts, including duration, optionality, and option-adjusted spreads.
• Knowledge of mortgage prepayment behavior and related borrower characteristics.
• Experience supporting model development and evaluation through backtesting and benchmarking.
• Experience using Python, SQL, Excel for data analysis and model monitoring.
• Ability to apply analytical thinking and escalate issues in a controlled environment.

Responsibilities

• Execute, monitor, test, and enhance AD&Co models and related analytics for mortgage products.
• Collaborate across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight.
• Communicate model results, key drivers, production status, and emerging risks clearly to stakeholders.
• Strengthen documentation, controls, and issue remediation; perform backtesting and benchmarking.
• Support model development and evaluation through feature selection and performance monitoring.

Skills

Fixed-income modeling

Mortgage modeling

Python

SQL

Model validation

Data analysis

Attention to detail

Excel

Education

Bachelor’s degree in quantitative field

Advanced degree (preferred)

CFA/FRM/PRM or similar

Tools

AD&Co

Job description

Charles Schwab Corporation is seeking a Manager in Asset Liability Management and Market Risk Modeling to support mortgage and fixed-income modeling. You will work on agency and non-agency mortgage products, prepayment behavior, and risk analysis, applying rigorous backtesting and documentation.

The role emphasizes collaboration across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight, with a focus on accurate model results, control processes, and risk awareness