Senior Treasury Modeling Researcher

Charles Schwab Corporation; Lone Tree (CO); On-site; USD 150,000 - 190,000; Full time

Job summary

Charles Schwab Corporation in Colorado is seeking a Sr. Manager (Modeling Research) to lead the development of forecasting, pricing, and segmentation models across deposits, margins, and on-/off-balance sheet products.

The role emphasizes publishing quantitative research, building production-grade models, and collaborating with a wide range of stakeholders to inform strategic decisions and improve forecasting accuracy.

Qualifications

• Ph.D. in Physics, Applied Math, Engineering or related quantitative field.
• Proven track record of publishing quantitative research.
• At least 5 years of work experience as a quantitative modeler with large datasets.
• Ability to develop new models and rigorously test them.
• Deep understanding of structural and statistical modeling concepts.
• Strong programming skills in Python and C++.
• Experience with SQL and data visualization.
• Excellent communication and collaboration.

Responsibilities

• Gain a deep understanding of forecasting models measuring market risk across balance sheet products.
• Analyze large datasets to support decisions for Schwab’s balance sheet and clients.
• Develop new models for margin and deposit products, including papers and maintenance.
• Refine structural and quantitative models using granular data and apply ML selectively.
• Advance data science, engineering, and modeling capabilities within the organization.

Skills

Python

C++

SQL

Statistical modeling

Structural modeling

Research publication

Communication

Team collaboration

Change management

Education

Ph.D. in Physics, Applied Mathematics, Engineering or related field

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.

As a Sr. Manager (Modeling Research) you will be part of the Product Modeling team within the Treasury Modeling department. The Product Modeling team is responsible for developing forecasting, pricing, and segmentation models across deposits, margins, and other on-/off-balance sheet products, combining structural modeling, quantitative research, and data-driven analytics to support recurring business forecasts.

This role is a research-focused role primarily centered on developing new models and enhancing existing models in that space. This position therefore requires a proven track record of publishing quantitative research (e.g. dissertation, peer-reviewed academic papers).

To succeed in this role, you should:

• Possess solid programming and data manipulation skills, allowing you to extract valuable insights from large datasets and to write production-level code under a rigorous change management process;

• Have deep expertise in structural and mechanistic modeling, together with strong statistical modeling skills, and the ability to build quantitative models from the ground up; machine learning experience is helpful but not the primary focus of the role; and

• Be an excellent team player and a trusted advisor collaborating with other team members as well as be ready to present your results and observations to a wide group of stakeholders.

What you have:

What you have

Required skills

• Ph.D. in Physics, Applied Mathematics, Engineering, or a related quantitative field, with strong experience in building structural or mechanistic models.

• Proven track record of publishing quantitative research.

• At least 5 years of work experience, preferably in a large financial company, as a quantitative modeler working with large and complex datasets, with consideration given for post-graduate research.

• Ability to develop new models, improve efficacy of existing models and rigorously test them.

• Deep understanding of structural, statistical, and quantitative modeling concepts, with practical experience developing models grounded in underlying system dynamics, economic behavior, or other interpretable drivers.

• Proven track record in developing, deploying and maintaining models.

• Strong programming skills in a modern programming language (e.g., Python, C++) and familiarity with object-oriented coding principles.

• Experience with a modern software change management process.

• Advanced experience in extracting data from relational databases (e.g., via SQL).

• Experience in visualizing data analytics and model results.

• Strong work ethic, high self-motivation, proactive approach, attention to detail and ability to deliver under tight deadlines.

• Excellent communication skills, both verbal and written.

• Strong inter-personal skills and a collaborative team player.

Preferred skills

• Prior work experience in a Treasury department of a large financial firm.

• Prior experience modeling deposits, margin, and other balance sheet products.

• Experience applying structural or mechanistic models in a production environment.

• Experience with time-series, dynamic systems, or behavioral modeling in applied settings.

• Familiarity with machine learning methods where they complement structural modeling objectives.

What you'll do:

• Gain a deep understanding of the various forecasting models which measure the market risk in financial projections associated with a diverse set of products across the balance sheet.

• Analyze large datasets to extract insights into Schwab’s balance sheet and clients, and to provide analytical support for strategic decisions.

• Develop new models for margin and deposit products. This includes research, writing of model white papers and technical papers and model maintenance.

• Develop and refine structural and quantitative models using granular datasets to improve forecasts and understand customer and product behavior; apply machine learning techniques selectively where they provide incremental value.

• Leverage industry opportunities to expand the organization’s capabilities in data science, engineering, and modeling techniques.

In addition to the salary range, this position is also eligible for bonus or incentive opportunities