Managing Director, Market & Capital Risk Oversight

Your Opportunity

Managing Director, Market & Capital Risk Oversight

Schwab remains committed 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, a preferred candidate for this role has been identified.

Job Summary

The MD, Market & Capital Risk provides enterprise-level independent oversight of interest rate risk (IRR) and related financial and capital planning model results.  The role oversees 2LOD IRR model infrastructure and analytics used to challenge model assumptions and results, supports capital stress testing (including CCAR and internal stress testing), and strengthens confidence in the strength of our balance-sheet.

The role is responsible for integration of quantitative development and risk analytics to ensure IRR metrics, model changes, and risk limit monitoring are accurate, controlled, scalable, and fit for executive, regulatory, and audit scrutiny.  The position partners closely with Treasury Capital Markets (TCM) and Finance to enable effective challenge, transparent governance, and scalable, well-controlled IRR and capital analytics.

Key Responsibilities

• Provide 2LOD independent assessment of IRR and effective challenge of financial planning projections and outcomes.
• Lead and integrate the IRR Model Infrastructure team (quantitative developers maintaining the ensemble of IRR-related models) and IRR analysts responsible for committee reporting.
• Maintain and enhance the Polypaths infrastructure used for IRR analytics and capital stress testing, including patches, version upgrades, unit testing, and UAT.
• Expand IRR capabilities through script development, automation, and system integration to improve scalability and control.
• Coordinate with TCM developers and analysts to implement assumption and methodology changes, and independently replicate and validate TCM outputs.
• Maintain the 2LOD Polypaths environment supporting CCAR and internal capital stress testing (at least through the 2027 cycle).
• Strengthen oversight of the Financial Plan and monthly forecasts, capital planning, and related IRR/capital policies, including risk limits and roles and responsibilities.
• Produce independent reporting that connects IRR, capital, and liquidity metrics for senior management, FinROC, GRC, and BRC.
• Perform sensitivity and attribution analyses to assess the impact of TCM assumptions, model changes, and balance-sheet behaviors.

Influence and Organizational Impact

This role provides enterprise-level independent oversight of IRR and related financial and capital planning assumptions, with accountability for assessing and communicating the reliability of TCM/Finance results to senior management and Board risk committees.  The MD Market Risk is responsible for assessing the reliability of TCM’s champion model outputs, evaluating model and assumption sensitivities, and translating results into implications for balance-sheet management, funding, liquidity, and capital resiliency.

What you have

Required Experience & Preferred Qualifications

• 15+ years of experience directly modeling interest rate risk, producing analyses, and overseeing model governance.
• Bachelor’s degree in Finance or quantitative discipline.
• Effective communication skills in translating quantitative results into intuitive analyses provided to senior leadership.
• Strong expertise with fixed income mathematics, IRR measurement, limits, and governance.
• Strong knowledge of balance-sheet, fixed income, and derivatives dynamics, including drivers of net interest revenue (NIR) and economic value of equity (EVE).
• Demonstrated ability to independently challenge TCM models, assumptions, and methodologies, and communicate findings clearly to senior/executive audiences.
• Experience delivering governance-ready reporting and presenting to risk committees (e.g., FinROC, GRC) and supporting Board-level materials.
• Strong controls mindset across documentation, testing, reconciliation, and ongoing monitoring.
• Proven people leadership, including developing analytic talent and reducing key-person dependencies.
• Familiarity with IRR analytics platforms and model infrastructure, and ability to partner effectively with quantitative development teams.
• Experience supporting regulatory and internal stress testing programs (e.g., CCAR, ICAAP) and translating results into actionable management insight.
• Capability to produce sensitivity and attribution analyses that explain drivers of IRR and capital outcomes.
• Strong cross-functional partnership experience with Treasury, Finance, and technology teams, including change management for model and process enhancements.