Sr. Manager

Your Opportunity

Schwabremainscommitted to providing increased visibility to career growth opportunities and job requirements. This posting announcement is part of increased transparency and while all qualified applicants will be reviewed and considered, this organization has a preferred candidateidentifiedfor this role. 

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. We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

The Model Risk Oversight (MRO)Program Managementteamresideswithin the Corporate Risk Management organization at Charles Schwab.Weareresponsible formodel risk management at the firm. This includesdeveloping,maintaining, and communicating proper modelrisk policies,standards, andproceduresto those who buildandvalidatemodels across thefirm.We alsoensure thatthe model risk program is effective and compliant with regulatoryexpectationand industry bestpractice.

We are seeking an individual contributor responsible for assuring the completeness and quality of model validation activities,developingandmaintainingmodel risk policies and procedures, ensuring alignment with regulatory and industry standards, and designing and delivering associated training programs.

What you have

Required Qualifications:

• Five or more yearsof experience in quantitative modeling field as model developer or validator

• Strong written and verbal communication skills, withdemonstratedability to build consensus across stakeholders

• Experience developing,maintainingand interpreting policy requirements

• Solid understanding of model governance frameworks and regulatory requirements applicable to large US banks, including experience applying guidance such as SR 11-7, SR 15-18, SR 15-19,Enhanced Prudential Standards 

Preferred Qualifications: 

• Master’s degree inquantitativediscipline (e.g.,statistics, mathematics, physics, economics)

In addition to the salary range, this role is also eligible for bonus or incentive opportunities.