Charles Schwab

Manager, Market Risk Management

Charles Schwab • $110K — $130K *
Southlake, TX 76092In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor’s degree in a financial, technical, or quantitative discipline.
  • 3 to 5 years of analytical and modeling experience; market risk experience preferred.
  • Strong foundation in modeling and process development, complemented by programming proficiency.
  • Strong quantitative and analytical abilities with meticulous attention to detail.
  • Experience with PolyPaths, Bloomberg, Python, SQL, R, Power BI, and Tableau is highly beneficial.
  • Ability to independently manage tasks and balance multiple assignments.
  • Strong written and verbal communication skills to convey complex financial and technical concepts.

Responsibilities

  • Develop and maintain automated processes for modeling Net Interest Income (NII) and Economic Value of Equity (EVE).
  • Design, execute, and support analytical processes for evaluating and reporting model results.
  • Provide oversight of Treasury’s market risk activities, assessing modeling processes and controls.
  • Test changes to modeling applications to assess impacts on outputs and automated processes.
  • Liaise with technology partners regarding Market Risk team’s processes and technology needs.
  • Perform interest rate, prepayment, and related risk analysis for fixed income securities and derivatives.

Benefits

  • Hybrid work model (4 days in-office, 1 day working from home).
  • Opportunity to make an impact on your career in a transformative finance environment.
  • Supportive team culture that encourages innovative thought and creative problem solving.
Full 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. Please note: This position is M-F during standard business hours with a hybrid work model (4 days in-office, 1 day working from home). It is only available in the areas listed. Candidate must reside or be willing to relocate on their own to one of the listed areas. Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.The Market Risk Analyst will support the Market Risk team with interest rate risk processes, including capital stress testing, board reporting, and ad hoc analysis. Responsibilities include utilizing, monitoring, and enhancing the quantitative models employed by the risk analytics team.

 

This role requires a candidate who possesses both technical and financial skill sets. Specifically, the ability to develop and maintain code using database and scripting tools, alongside a deep understanding of financial institution balance sheets, fixed income instruments, and derivative contracts.

Key responsibilities will include, but not be limited to:

  • Develop and maintain automated processes to support the modeling of Net Interest Income (NII) and Economic Value of Equity (EVE), including support for the monthly production cycle.

    • Design, execute, and support analytical processes used to evaluate and report on model results, including valuation, benchmarking, and back-testing.

    • Provide effective challenge and oversight of Treasury’s market risk activities, including assessing their modeling processes, inputs, outputs, and controls.

  • Test changes and enhancements to modeling applications to assess impacts on model outputs, reported results, and related automated processes.

  • Liaise with technology partners regarding the Market Risk team’s processes and technology needs.

  • Perform interest rate, prepayment, and related risk analysis for fixed income securities and derivative contracts.

What you have

Qualifications:

The ideal candidate will possess the following:

  • Education: A Bachelor’s degree in a financial, technical, or quantitative discipline.

  • Experience: 3 to 5 years of analytical and modeling experience; market risk experience is preferred.

  • Core Competencies: A strong foundation in modeling and process development, complemented by programming proficiency.

  • Analytical Rigor: Strong quantitative and analytical abilities with meticulous attention to detail.

  • Technical Skills: Experience with PolyPaths, Bloomberg, Python, SQL, R, Power BI, and Tableau is highly beneficial.

  • Project Management: Ability to independently manage tasks and balance multiple assignments.

  • Communication: Strong written and verbal communication skills, with the ability to clearly convey complex financial and technical concepts.

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
Finance & Insurance
Net Income
$3.2 billion
Founded
1973
5 Year Trend
+20%
Revenue
$12.1 billion
NASDAQ
SCHW
* Ladders Estimates

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