Job Information
Charles Schwab Senior Manager – ALM & Market Risk Modeling in Lone Tree, Colorado
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.
The Asset Liability Management (ALM) team within the Corporate Treasury department manages the balance sheet with over $600 billion in interest-bearing assets, fixed income investments and off-balance-sheet brokered deposit agreement notional investments. The ALM team is also responsible for balance sheet modeling and analytics, market risk management, and net interest revenue forecasting.
As a key people leader within the ALM team focused on Market Risk Modeling, you will take an integral part in overall interest rate risk management as well as strategic optimization of the balance sheet and corresponding NIM profile through development and execution of a robust market risk modeling framework in collaboration with business partners, including investment portfolio managers, risk partners, and product leaders across the firm.
This is a role where you will be able to grow your expertise through consistent challenges with the backing of passionate leaders who will value your contributions and prioritize your development.
This role will manage a team of about five individual contributors and lead all aspects of modeling of the balance sheet.
You’ll lead the development of a robust Market Risk Management modeling and initiatives to enhance, streamline, and automate balance sheet analytics and dynamic NII sensitivity measurement. You and your team will collaborate with key business partners to drive balance sheet analytics to support investment allocation decisions, strategy, and risk management.
What you have
Required Qualifications
Seven years relevant experience (or combination of time in post graduate studies) in treasury, finance, and/or ALM roles, including at least five years of professional experience at an institution or institutions of a similar size and complexity as Charles Schwab.
Two years of experience leading multiple individual contributors
Bachelor’s Degree in a quantitative field such as Applied Mathematics, Engineering, or Economics
Strong fixed-income investment modeling and analytics knowledge
Expertise and hands-on experience in balance sheet modeling, net interest revenue modeling, and EVE modeling
Direct experience modeling derivatives and associated hedge accounting
Strong knowledge of fixed income modeling in systems such as PolyPaths, QRM, BlackRock, Murex, Intex, Bloomberg, Calypso
Knowledge of premium discount amortization and associated impact of principal prepayments on NII
Knowledge of securities accounting standards and implementation
Preferred Qualifications
CFA, FRM or PRM designations
Experience with Python and SQL or another general-purpose programming language
Enthusiasm to work in white space and the ability to create innovative analyses to help drive the strategy and risk management of the balance sheet
Ability to multi-task while maintaining composure in a potentially fast-paced environment
Strong written and oral communication skills
In addition to the salary range, this position is also eligible for bonus or incentive opportunities
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. 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
CO Salary Range: USD $101,000 - $224,400 / Year
What’s in it for you:
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. 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
Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.