Manager, Risk Analytics/Modeling

Charles Schwab

Southlake (TX)

On-site

USD 130,000 - 170,000

Full time

42 hours ago

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Benefits offered by this job

401(k) with company match and ESPP

Vacation time

Long sabbatical after 5 years

Parental leave and family benefits

Tuition reimbursement

Health, dental, and vision insurance

Job summary

Charles Schwab is seeking a Manager, ALM & Market Risk Modeling to support fixed‑income and mortgage modeling for financial forecasting, risk measurement, and capital planning. You will execute and enhance AD&Co models, conduct backtesting, and collaborate across Treasury, Finance, Investments, and Risk teams.

The role requires a quantitative background (3+ years), experience with prepayment models, fixed-income concepts, and proficiency in Python/SQL/Excel.

Qualifications

Bachelor’s degree in Applied Mathematics, Engineering, Finance, Economics, Statistics, Computer Science, or related quantitative field.
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 comparable platform, to support balance sheet management, financial forecasting, or stress testing.
Knowledge of fixed-income modeling concepts including duration, optionality, OAS, AOCI, sensitivity analysis, and scenario-based risk analysis.
Knowledge of mortgage prepayment behavior including refinance incentives, burnout, turnover, seasonality, and borrower credit characteristics.
Experience supporting model development and evaluation through feature selection, backtesting, performance monitoring, benchmarking, and model tuning.
Experience using Python, SQL, Microsoft Excel, or comparable analytics tools for data analysis, model monitoring, workflow automation, and controlled evidence retention.
Ability to apply analytical thinking, problem solving, and attention to detail when evaluating model results, identifying risks, and escalating issues in a controlled environment.

Responsibilities

Develop and maintain ALM and market risk models and related analytics.
Evaluate investment securities, loans, structured products, spreads, AOCI, capital, and net interest income.
Execute, monitor, test, and enhance models; perform backtesting and benchmarking; strengthen documentation and controls.
Communicate model results, key drivers, production status, and emerging risks across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight.

Skills

Python programming

Data analysis

Quantitative modeling

Education

Bachelor's degree in quantitative discipline

Advanced degree in quantitative field

CFA/FRM/PRM

Tools

AD&Co

Python

SQL

Excel

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. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

The Asset Liability Management and Market Risk Modeling team within Corporate Treasury develops and maintains models that inform financial forecasting, market risk measurement, capital stress testing, and balance sheet strategy. As a Manager, ALM & Market Risk Modeling, you will serve as an individual contributor supporting fixed‑income and mortgage modeling capabilities used to evaluate investment securities, loans, structured products, spreads, accumulated other comprehensive income, capital, and net interest income.

In this role, you will execute, monitor, test, and enhance AD&Co models and related analytics for agency and non‑agency mortgage products, prepayment behavior, credit performance, asset‑backed securities, option‑adjusted spreads, fair value, income, and capital stress scenarios. You will apply analytical thinking and sound decision‑making to assess model performance, investigate changes in results, conduct backtesting and benchmarking, and strengthen documentation, controls, and issue remediation.

Your work will help Schwab produce controlled, reliable, and insightful modeling outputs that support business‑as‑usual forecasting, market risk management, capital planning, and investment portfolio decisions. You will collaborate across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight, adapting your approach as priorities and market conditions evolve while clearly communicating model results, key drivers, production status, and emerging risks.

What you have

Required Qualifications

Bachelor’s degree in Applied Mathematics, Engineering, Finance, Economics, Statistics, Computer Science, or a related quantitative discipline

3+ years of relevant professional experience, or an equivalent combination of professional experience and graduate study, 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, to support balance sheet management, financial forecasting, or stress testing

Knowledge of fixed-income modeling concepts, including duration, optionality, option-adjusted spreads, accumulated other comprehensive income, sensitivity analysis, and scenario-based risk analysis

Knowledge of mortgage prepayment behavior, including refinance incentives, burnout, turnover, seasonality, and borrower credit characteristics

Experience supporting model development and evaluation through feature selection, backtesting, performance monitoring, benchmarking, and model tuning

Experience using Python, SQL, Microsoft Excel, or comparable analytical tools for data analysis, model monitoring, workflow automation, and controlled evidence retention

Ability to apply analytical thinking, problem solving, and attention to detail when evaluating model results, identifying risks, and escalating issues in a controlled environment

Preferred Qualifications

Advanced degree in a quantitative or technical discipline

CFA, FRM, PRM, or a comparable professional designation

Experience with capital stress testing, including Comprehensive Capital Analysis and Review or company-run stress testing processes

Experience developing or supporting models for asset-backed securities, mortgage products, structured finance, spreads, option-adjusted spreads, fair value, income, or accumulated other comprehensive income

Experience establishing and executing model controls, including input reviews, output reasonableness checks, sensitivity analysis, documentation, and evidence retention

Experience supporting model validation, regulatory or internal audits, issue remediation, and audit readiness

Ability to interpret complex analytical results, identify meaningful drivers of change, and communicate conclusions clearly to technical and nontechnical stakeholders

Demonstrated adaptability when managing multiple priorities, responding to changing assumptions, and solving problems with incomplete or evolving information

Ability to build collaborative relationships across Treasury, Finance, Investments, Risk, Capital Planning, and Model Risk Oversight

In addition to the salary range, this role is eligible for bonus or incentive opportunities.

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: