Senior Manager, Model Risk Oversight

Senior Manager, Model Risk Oversight

At Schwab, you are 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. Charles Schwab's Model Risk Oversight (MRO) team oversees the use and risk of predictive modeling at the firm. MRO is responsible for performing validations of the conceptual soundness and technical implementation of models to ensure their reliability. The MRO team is seeking a Senior Manager to oversee the validation of complex financial models, particularly those used in asset management. The ideal candidate will have a deep understanding of regulatory requirements, such as SR11-7, and experience in validating models like value-at-risk, tracking error, money market stress testing, and other asset management models. Strong communication skills and a knowledge of artificial intelligence and machine learning (AI / ML) techniques would be helpful. This role is crucial for ensuring the accuracy, reliability, and compliance of our models, and it requires a high level of technical expertise and excellent communication skills. This job will require being in-office at a Schwab location four days a week.

Key Responsibilities

• Validation of financial models, ensuring they meet regulatory standards and internal risk management policies.
• Review and challenge model assumptions, data quality, and model performance to identify potential risks and areas for improvement.
• Provide constructive feedback to a variety of to both quantitative and non-quantitative stakeholders including portfolio managers and risk managers.
• Prepare detailed validation reports and present findings to senior management and regulatory bodies.

Required Qualifications

Preferred Qualifications

What's in it for you

At Schwab, you're empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaborationso you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis. We offer a competitive benefits package that takes care of the whole you both today and in the future :

Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at applicantaccessibility@schwab.com or call 800-275-1281.