Job Description

Your Opportunity
Charles Schwab has been a leader in financial services for over four decades, working to make investing more affordable, accessible and understandable to all. Driven by our purpose to champion every clients goals with passion and integrity, were committed to providing an environment that respects and appreciates the diversity of our employees, our clients, and the communities we serve. Our goal, as seen through clients' eyes, is that Schwab continuously improves on being a premier financial service provider through best in class service, technology, products, people and advice.

The Risk Analytics team is situated in Corporate Risk Management. The team utilizes third party quantitative models to estimate the potential impact on Schwabs financial statements resulting from various future economic outcomes. This is an Individual Contributor role with no Direct Reports. This job will report to the Director, Market Risk Management

What you are good at

What youll do:

The Market Risk/Interest Rate Risk Analyst will help support the risk analytics team with respect to the interest rate risk process, which includes Capital Stress Testing, Board Reporting and ad hoc analysis. The analysts responsibilities will cover both utilizing and monitoring the quantitative models employed by the risk analytics team. This position will require an in-depth understanding of financial institution balance sheets, knowledge about complex fixed income instruments, such as RMBS, CMOs, CMBS, and consumer ABS, as well as an understanding of derivative contracts (including, but not limited to, interest rate swaps).

Key responsibilities will include, but not be limited to:

* Perform interest rate, prepayment, and counterparty risk analysis for and derivative contracts and fixed income securities.
* Assist with balance sheet, derivative, and fixed income modeling for risk monitoring and stress testing.
* Setup new process for interest rate swap modeling and risk monitoring.
* Conduct model performance monitoring and back-testing analysis.
* Test changes and enhancements to PolyPaths ALM, AppPort, and Enterprise and provide an analysis of the results.
* Perform standard reporting for model results, valuation and backtesting.
* Provide insight into model functionality, capabilities, and limitations.
* Present results and model performance to stakeholders and model risk oversight on a routine basis.
* Support process improvement initiatives, including the automation of analytic and reporting processes.

What you have

The ideal candidate possesses the following:

* Bachelors degree in a quantitative discipline, preferably with an emphasis in financial and statistical analysis.
* 3 to 5 years of experience with derivative and fixed income analytics and modeling; experience with PolyPaths analytic products is desired.
* Experience with the following would be beneficial: Bloomberg, LaTeX, R, R Markdown, Python, SQL, and Tableau.
* Strong quantitative and analytical skills, and is detail oriented.
* The ability to self-manage and work on multiple deliverables concurrently.
* Strong written and verbal communication skills, including the ability to convey complex financial and technical concepts.









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Why Schwab?

At Schwab, Own Your Tomorrow embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. Were a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.

Hear from employees: Whats it like to work at Schwab!

The benefits of working at Schwab: a package designed to empower your health, wealth, career and life.
Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.

The posted salary range describes the minimum to maximum range for this job description in the state of Colorado. The salary range is posted in accordance with the Colorado Equal Pay for Equal Work Act. The salary range for this same position may be lower or higher in markets outside of Colorado.

As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. (Please click here to see policy.)

Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace.
We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.

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