Charles Schwab

Financial Crimes Senior Model Validator 

Charles Schwab$110K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years in fraud monitoring and anti-money laundering
  • 5+ years of quantitative experience
  • Advanced degree in a quantitative field such as statistics, mathematics, or engineering
  • Knowledge of model governance and U.S. banking regulations
  • Proficiency in Python, SAS, R, or other statistical programming languages.

Responsibilities

  • Validate models in accordance with SR 26-2, assessing documentation and performance
  • Prepare and present model validation reports to stakeholders
  • Partner with internal analysts and external consultants on validation
  • Evaluate model performance monitoring and conduct annual reviews.

Benefits

  • Collaborative work environment
  • Opportunities for professional development
  • Exposure to advanced quantitative methods
  • Involvement in innovative client solutions
  • Engagement with a strategic function within Corporate Risk Management.
Full Job Description
Your Opportunity

Model Risk Oversight is a strategic function within Corporate Risk Management that uses advanced quantitative methods and a broad range of models to support innovative client solutions and manage financial and reputational risk. The team identifies, reviews, and monitors models used across the organization. 

 

We are seeking candidates for a Senior Manager individual contributor role focused on model validation and broader Model Risk Oversight initiatives. Candidates should have strong quantitative skills and business experience with fraud and anti-money laundering models. Less experienced candidates may be considered for junior roles. 

 

Job responsibilities include: 

  • 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. 

What you have

Required Skills and 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 a related quantitative field. 

  • Knowledge of model governance and U.S. banking regulations.

  • Proficiency in Python, SAS, R, or other statistical programming languages.  

Preferred Skills and Qualifications: 

  • Ph.D. in quantitative fields, such as data science, statistics, mathematics, physics, or engineering. 

  • 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. 

  • CFA, FRM, ACAMS, or digital asset certifications. 

  • Quantitative finance experience. 

  • Strong verbal and written communication skills. 

  • Strong interpersonal skills. 

  • Excellent relationship-building skills. 

About Charles Schwab

Charles Schwab is a financial services company that provides a full range of securities, brokerage, banking, money management, financial advisory, investor, and retirement plan services. It operates in four main divisions; investing, wealth management, banking, and trading. Charles Schwab provides a full-service brokerage platform that serves individual investors who invest on their own or through a workplace-sponsored retirement or equity plan, as well as banking through Schwab Bank. The firm was founded in 1973 and is headquartered in San Francisco, California.

Charles Schwab Careers

Join the vibrant team at Charles Schwab, a leader in global finance, where your career is propelled by innovation, leadership, and a commitment to diversity and professional growth. At Charles Schwab, we offer more than just job opportunities; we provide a platform for you to make a significant impact on the industry and our clients' lives.

Work You’ll Do

At Charles Schwab, we are dedicated to helping our clients manage their financial futures. Being part of our team means you'll work alongside some of the most skilled professionals in the financial services industry. Our culture thrives on teamwork, integrity, and relentless dedication to our clients. Whether you're looking for a position in financial consulting, technology, or administrative support, Charles Schwab offers a dynamic work environment where your skills will be honed and your achievements recognized.

Innovate and Lead

Embrace the opportunity to lead through innovation. Charles Schwab’s commitment to technology and innovation is fundamental to our service delivery. By joining our team, you will be at the forefront of developing new solutions that redefine the future of finance. Your leadership can guide significant projects that impact our company and the industry.

Grow Your Career

Charles Schwab believes in fostering the growth of its employees. Whether through professional development programs, diversity training, or leadership workshops, we ensure that our team members receive the support and training they need to advance their careers. With a variety of career paths available, your job at Schwab can evolve with your interests and expertise.

Internship and Employment Opportunities

Start your professional journey with Charles Schwab through our internship programs or full-time employment opportunities. We seek individuals who are passionate, curious, and ready to drive change. A career at Schwab is not just about having a job; it's about building a lasting relationship with a company that values your potential.

Benefits and Culture

Charles Schwab is renowned for its employee-friendly culture. We offer a comprehensive benefits package that supports the health, financial stability, and work-life balance of our team members. From competitive salaries and bonuses to health insurance and retirement plans, Schwab ensures that your career is as rewarding as it is enriching.

Networking and Professional Development

Expand your professional network and enhance your skills through our various networking events, mentorship programs, and training sessions. At Charles Schwab, we believe in leveraging collective expertise to foster learning and innovation. Engage with leaders, gain insights from experienced professionals, and build relationships that will aid your career trajectory.

Join Our Team

Explore the numerous career paths available at Charles Schwab and discover how your talents can be utilized to their fullest potential. Search open positions that match your skills and interests. We are continuously hiring across various disciplines and look forward to adding innovative, driven individuals to our team.

Stay Connected

Keep up to date with the latest from Charles Schwab Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that align with your career preferences and be the first to know about new openings, company news, and professional tips.

Explore Charles Schwab Jobs

Ready to take the next step in your career? Visit our careers page to review current job openings, submit your resume, and prepare for your interview. At Charles Schwab, your future is waiting. [SEARCH CHARLES SCHWAB JOBS] Join Charles Schwab today and be part of a team that values diversity, innovation, and leadership—where your career can thrive in the exciting world of finance.
Learn more about Charles Schwab
Size
34,200 employees
Market Cap
$151.6 billion
Industry
Net Income
$3.2 billion
Founded
1973
5 Year Trend
+20%
Revenue
$12.1 billion
NASDAQ

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