Manager, Market Risk Management

Charles Schwab; Southlake (TX); Hybrid; USD 120,000 - 150,000; Full time

Benefits offered by this job

401(k) match

Sabbatical after 5 years

Parental leave

Tuition reimbursement

Health insurance

Job summary

Charles Schwab in Texas is seeking a Market Risk Analyst to support the Market Risk team with interest rate risk processes, capital stress testing, and ad hoc analysis. The role blends financial acumen with programming to develop and maintain models used by risk analytics.

Responsibilities include designing analytical processes, validating model results, and collaborating with tech partners; perform risk analysis on fixed income and derivatives using Python, SQL, Bloomberg, and BI tools.

Qualifications

• Bachelor's degree in a financial, technical, or quantitative discipline.
• 3–5 years analytical and modeling experience; market risk preferred.
• Strong modeling and programming fundamentals.
• Proficiency with Python, SQL, R; experience with BI tools.

Responsibilities

• Develop and maintain processes modeling NII and EVE for monthly cycles.
• Design, execute, and support model results reporting and back-testing.
• Provide challenge and oversight of Treasury market risk activities.
• Test changes to modeling apps and assess impact on outputs.
• Liaise with technology partners for Market Risk processes.

Skills

PolyPaths

Bloomberg

Python

SQL

R

Power BI

Tableau

Modeling

Programming

Data analysis

Education

Bachelor's degree in finance/technical/quantitative

Tools

PolyPaths

Bloomberg Terminal

Job description

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. Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

The Market Risk Analyst will support the Market Risk team with interest rate risk processes, including capital stress testing, board reporting, and ad hoc analysis. Responsibilities include utilizing, monitoring, and enhancing the quantitative models employed by the risk analytics team.

This role requires a candidate who possesses both technical and financial skill sets. Specifically, the ability to develop and maintain code using database and scripting tools, alongside a deep understanding of financial institution balance sheets, fixed income instruments, and derivative contracts.

Key responsibilities will include, but not be limited to:

• Develop and maintain automated processes to support the modeling of Net Interest Income (NII) and Economic Value of Equity (EVE), including support for the monthly production cycle.

• • Design, execute, and support analytical processes used to evaluate and report on model results, including valuation, benchmarking, and back-testing.

  • Provide effective challenge and oversight of Treasury’s market risk activities, including assessing their modeling processes, inputs, outputs, and controls.

• Test changes and enhancements to modeling applications to assess impacts on model outputs, reported results, and related automated processes.

• Liaise with technology partners regarding the Market Risk team’s processes and technology needs.

• Perform interest rate, prepayment, and related risk analysis for fixed income securities and derivative contracts.

What you have

Qualifications:

The ideal candidate will possess the following:

• Education: A Bachelor’s degree in a financial, technical, or quantitative discipline.

• Experience: 3 to 5 years of analytical and modeling experience; market risk experience is preferred.

• Core Competencies: A strong foundation in modeling and process development, complemented by programming proficiency.

• Analytical Rigor: Strong quantitative and analytical abilities with meticulous attention to detail.

• Technical Skills: Experience with PolyPaths, Bloomberg, Python, SQL, R, Power BI, and Tableau is highly beneficial.

• Project Management: Ability to independently manage tasks and balance multiple assignments.

• Communication: Strong written and verbal communication skills, with the ability to clearly convey complex financial and technical concepts.

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. 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