Charles Schwab

Quantitative Analytics Engineer

Charles Schwab$110K — $130K *
Omaha, NE 68104In-Person
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s or Master’s degree in Computer Science, Mathematics, Engineering, Data Science, Finance or related field.
  • 5+ years of experience in model development, preferably in financial services.
  • 5+ years of experience with SQL, data manipulation, and data visualization.
  • Strong Python skills; experience with data analysis and manipulation frameworks (Pandas, NumPy, PySpark, etc).
  • Strong fundamentals in option models and retail derivatives trading.

Responsibilities

  • Design, improve, and deploy equity option and exposure models for financial risk analytics.
  • Lead the management and maintenance of retail trading data sets.
  • Collaborate with internal developers and architects to connect models with core banking platforms and workflows.
  • Document model development, deployment processes, and integration steps for internal and external review.
  • Analyze large datasets, identify risk patterns, and translate insights into actionable models.
  • Present technical approaches and results to management, auditors, and business partners.
  • Contribute to an Agile team, iterating quickly and delivering impactful solutions.

Benefits

  • Location flexibility for strong internal candidates based on business needs.
  • Opportunity to work closely with internal experts and stakeholders.
  • Engagement in innovative projects with real-world financial impacts.
  • Supportive and collaborative team environment.
Full Job Description
Your Opportunity

In this role, your primary responsibility on the Margin Risk & Data Solutions team will be to lead data science projects focused on Schwab’s margin and trading data. You will evaluate client and market data to detect risk patterns using modeling and analysis techniques, then convert that knowledge into functional models that help dictate and challenge how that risk is managed. From there, you will be responsible for model documentation, development evidence, and performance monitoring for our production models. Successful candidates will also have strong experience analyzing, manipulating, and visualizing large datasets. This is an Individual Contributor role.

 

This position is posted in Omaha, Chicago, Austin, Southlake, and Westlake. Qualified internal Schwab employees outside of these markets are encouraged to apply. Location flexibility for strong internal candidates may be considered based on business needs, seat availability, and organizational alignment. We encourage employees not to self-select out of consideration based solely on location.

 

What you have
  • Bachelor’s or Master’s degree in Computer Science, Mathematics, Engineering, Data Science, Finance or related field.
  • 5+ years of experience in model development, preferably in financial services.
  • 5+ years of experience with SQL, data manipulation, and data visualization.
  • Strong Python skills; experience with data analysis and manipulation frameworks (Pandas, NumPy, PySpark, etc).
  • Strong fundamentals in option models and retail derivatives trading. Experience with option and equity trading models and brokerage margin policies, particularly Black-Scholes, binomial option models, value-at-risk techniques, futures SPAN margin, Monte Carlo methods, and regression.
  • Ability to manage multiple deliverables and drive process improvements.
  • Excellent communication skills and documentation abilities.

What you’ll do:

 

  • Design, improve, and deploy equity option and exposure models for financial risk analytics, focusing on margin and trading data.
  • Lead the management and maintenance of retail trading data sets.
  • Collaborate with internal developers and architects to connect models with core banking platforms and workflows.
  • Document model development, deployment processes, and integration steps for internal and external review.
  • Analyze large datasets, identify risk patterns, and translate insights into actionable models.
  • Present technical approaches and results to management, auditors, and business partners.
  • Contribute to an Agile team, iterating quickly and delivering impactful solutions.

 

Nice to Haves:

  • Knowledge of brokerage business processes and regulatory requirements.
  • Exposure to other cloud platforms (AWS, Azure, GCP) and hybrid cloud architectures.
  • Experience with automation and DevOps platforms.
  • Experience with C# or Java service-based architectures.
  • Experience with data science and implementing machine learning

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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