Charles Schwab Model Risk Quantitative Projects Leader in Lone Tree, Colorado


Lone Tree - CO, DENR2, 9800 Schwab Way, 80124

Cameron Ellsworth


We 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 at 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.

Our Opportunity:

Model Risk Management is a strategic function within the broader Corporate Risk Management umbrella that utilizes a broad spectrum of models to create innovative products for our clients, and to prudently manage our financial risk using sophisticated quantitative approaches. The Model Risk Management team plays a key role in identifying, reviewing, and monitoring all of the models used throughout the company.

The Quantitative Projects Leader will help manage a framework to better measure and understand the effects of model assumptions and uncertainty. The leader will help enhance a framework to understand model sensitivity performance. The analyst will coordinate and lead several group projects involving the development and implementation of the model governance framework and activities, including those associated with capital stress testing (CCAR and DFAST).

What you’ll do:

  • Develop and maintain a framework to measure and propagate the uncertainty associated with models and their assumptions, inputs, and outputs

  • Manage and enhance a framework containing model assumptions, limitations, and weaknesses, and assess the impact they have, in part and in the aggregate, on model forecast results and on downstream capital ratio forecasts

  • Help enhance and maintain a framework established for model sensitivity testing and model performance measurement

  • Coordinate and lead group projects involving the development and implementation of model governance activities, including those associated with capital stress testing (CCAR and DFAST).

  • Manage project planning including scoping, engagement of all applicable individuals, scheduling, identifying and monitoring timelines, milestones, tasks, resources, artifacts evidencing completion of the projects, and analysis of dependencies, risks and critical paths that may affect project execution

  • Manage post-implementation evaluation of project results, and deliver concise and clear summaries and presentations documenting completion of the projects and evidencing achievement of the established goals and objectives.

  • Assist in the preparation of leadership decks, including supporting quantitative analysis and graphs

  • Prepare written procedures and policy updates for the assumptions and uncertainty framework

  • This is an individual contributor role

What you have:

  • Strong mathematical and statistical skills

  • 2+ years of related experience in a relevant quantitative and statistically oriented field

  • Master's degree in a quantitative or technical discipline (statistics, math, science, engineering, finance, economics, etc.); PhD highly preferred

  • Strong project management, leadership, and presentation skills

  • Data analysis skills and knowledge of associated tools (e.g., Excel, MATLAB, SAS, R, Python, etc.) and techniques

  • Knowledge of one or more programming languages and analytical tools is preferred (C++, C#, Java, VBA, Python, MATLAB, R, SAS, etc.).

  • Ability to translate complex business problems into discreet quantifiable components

  • Excellent analytical, strategic planning, problem resolution, and leadership skills

  • Strong interpersonal skills with the demonstrated ability to build cross-functional relationships and to interact effectively with peers across the firm

  • Excellent oral and written communication skills

  • High attention to detail

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 at" .

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability, and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab's hiring decisions. All other submissions should be performed online.

Job Specifications

Relocation Offered?: No

Work Schedule: Days

Languages: English - spoken

Current Licenses / Certifications: None

Relevant Work Experience: Risk Analysis

Position Located In: CO - Denver

Education: MA/MS/MBA

Job Type: Full Time

Category:Risk Management

Activation Date: Thursday, March 8, 2018

Expiration Date: Saturday, April 21, 2018

Apply Here