Manager, Risk Analytics/Modeling

Charles Schwab Corporation Chicago , IL 60602

Posted 5 months ago


Chicago - IL, IL150SW, 150 S Wacker Dr, 60606-4111

Elizabeth Therese Wells

e believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client's goals with passion and integrity.

We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of 'own your tomorrow' every day.

We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

What you'll do:

DUTIES: Develop and maintain statistical models.

Perform computational, statistical and econometric analyses. Build quantitative frameworks to Support Capital Stress Test effective challenges. Assist with documentation and editing of quantitative processes and methodologies. Manage a third-party macroeconomic model by conducting performance monitoring, quantifying uncertainty of output variables, and validating econometric equations.

What you have:

Master's degree or foreign equivalent in Finance, economics, financial engineering, applied and computational mathematics, or related field and three years of experience in job offered or related occupation.

Experience may be gained after, prior to, or concurrently with Master's degree. Alternatively, employer will accept a Bachelor's degree or foreign equivalent in Finance, economics, financial engineering, applied and computational mathematics, or related field and five years of progressive post-baccalaureate experience in the job offered or related occupation.

Experience and/or education must include:

  • Theoretical quantitative background in regression models and other applied quantitative techniques;

  • Statistical package knowledge such as; R, Matlab, Python or Stata;

  • SQL and relational databases; and

  • Model development life cycle including: source code management, input variable stress analysis and overall model validation techniques.

OTHER: Job Site: Chicago, IL

Please reference Job ID: 3530411 and send resume via mail to: 9800 Schwab Way, Lone Tree, CO 80124, Attn: E. Wells. EOE.

What you'll get:

  • Comprehensive Compensation and Benefits package

  • Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts

  • Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program

  • Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions

  • Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships

  • Not just a job, but a career, with an opportunity to do the best work of your life

Learn more about Life@Schwab.

Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. 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.

If you need an accommodation in the application process, please email or call HR Direct at 800-725-3535.

Job Specifications Relocation Offered?: No Work Schedule: Days Languages:

English - spoken Current Licenses / Certifications: None Relevant Work Experience: Risk Analysis Position Located In:

IL - Chicago Education: MA/MS/MBA Job Type: Full Time

Category:Risk Management

Activation Date: Friday, March 8, 2019

Expiration Date: Saturday, March 30, 2019

Apply Here

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Sr Manager / Manager Risk AnalyticsAlll Modeling

Charles Schwab Corporation

Posted 2 weeks ago

VIEW JOBS 6/27/2019 12:00:00 AM 2019-09-25T00:00 Your Opportunity Our Opportunity: The Risk Analytics team is situated within Financial Risk Management under the Corporate Risk Management organization. The team's primary functions are to provide quantitative research and modeling of market and credit risks, covering a wide range of products including: mortgage loans, home equity lines of credit, margin, deposit and fixed income businesses. What you're good at What you'll do: We are looking for a Senior Analyst of Risk Analytics to help the model execution and development efforts relating to retail credit loss forecasting. The incumbent will play a crucial role in executing and refining the current loss forecasting process for HELOC, including developing quantitative analysis to support the ongoing credit risk model development efforts. You will have knowledge of lending products and provide enhancements and support to existing models as well as developing new model initiatives. This will be an individual contributor role reporting to the Director of Risk Analytics. Key responsibilities will include, but are not limited to: * Execute the process for loss forecasting on HELOC portfolio (including for Capital Stress Testing) * Perform statistical and econometric analyses of the portfolio * Implement process improvements using technology * Assist in the development of additional credit loss forecasting models * Enhance model documentation, including additional backtesting, developmental evidence, and model limitations * Utilize project management and communication skills to ensure project deliverables are understood and achievable. What you have What you have: The Sr. Analyst, Risk Analytics must be proficient with quantitative and analytical methods and techniques, and use technology to query databases and prepare documentation for senior management. You should be familiar with best practices as they relate to the development of advanced quantitative models, including source code management, input variable stress analysis and overall model validation techniques. * A degree in one of the following fields is required: finance, economics, financial engineering, applied and computational mathematics, and other disciplines in physical sciences or engineering * Proficiency in use of computational mathematics and/or statistical techniques * 2-5 years of experience in credit risk and exposure to lending products * Strong quantitative and appropriate coding skills necessary to develop and refine * Proficiency in statistical packages such as SAS, R, Matlab or Stata is desirable (R is preferred) * Strong technical skills with experience using relational databases * Strong communication skills with ability to translate mathematical and statistical concepts for non-technical audiences, including senior management and auditors. * Knowledge of lending products (particularly first mortgage and HELOCs) and their performance drivers preferred Charles Schwab Corporation Chicago IL

Manager, Risk Analytics/Modeling

Charles Schwab Corporation