Senior AML & Fraud Model Validator

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

Job summary

Charles Schwab Corporation in the United States is seeking a Senior Manager in Model Risk Oversight focused on model validation. The role involves applying SR 26-2 guidelines, validating models, preparing reports, and coordinating with analysts and consultants in a hybrid work model (4 days in office, 1 day remote).

Candidates should have strong quantitative skills, AML and fraud domain experience, and familiarity with U.S. banking regulations; advanced degrees preferred.

Qualifications

• 2+ years of experience in fraud monitoring and anti-money laundering.
• 5+ years of quantitative experience.
• Advanced degree in statistics, mathematics, physics, engineering, economics, or related quantitative field.
• Knowledge of model governance and U.S. banking regulations.
• Proficiency in Python, SAS, R, or other statistical programming languages.
• Ph.D. in quantitative fields preferred.
• Experience developing and applying machine learning models.
• 5+ years of model validation experience.
• 2+ years of experience with digital assets.
• Experience working with large, unstructured data sets.
• Knowledge of digital asset regulations, fraud, and AML.
• Certifications such as CFA, FRM, ACAMS or digital asset certifications.
• Quantitative finance experience.
• Strong verbal and written communication skills.
• Strong interpersonal skills.
• Excellent relationship-building skills.

Responsibilities

• Validate models in accordance with SR 26-2, including model use, documentation, conceptual soundness, data integrity, controls, and software.
• Prepare model validation reports and present findings to model owners and senior management.
• Partner with internal analysts and external consultants on validation activities.
• Evaluate model performance monitoring and complete annual model reviews.

Skills

Fraud monitoring

Anti-money laundering

Quantitative analysis

Model governance

U.S. banking regulations

Python

SAS

R

Communication

Interpersonal skills

Relationship-building

Data interpretation

Education

Advanced degree in statistics, mathematics, physics, engineering, economics, or related quantitative field

Tools

Python

Job description

Charles Schwab Corporation in the United States is seeking a Senior Manager in Model Risk Oversight focused on model validation. The role involves applying SR 26-2 guidelines, validating models, preparing reports, and coordinating with analysts and consultants in a hybrid work model (4 days in office, 1 day remote).

Candidates should have strong quantitative skills, AML and fraud domain experience, and familiarity with U.S. banking regulations; advanced degrees preferred.