Senior Manager -ALM, Market Risk Modeling

ALM team focused on Market Risk Modeling, you will play a key role in the overall interest rate risk management, strategic optimization of the balance sheet through the development and execution of a robust market risk modeling framework. You'll collaborate with investment portfolio managers, risk partners, and product leaders and others across the firm and play a key role in achieving risk-return optimization mandate.

In this role, you will be responsible for deploying vendor models and developing in-house quantitative models to support interest rate risk management within ALM team. This includes prepayment models, new volume pricing models as well as yield curve models. This role is critical to maintaining current automation framework written in Python as well as improving and adding new features to it. Additionally, this role is a key collaborator with ALM analytics and other modeling team to achieve balance sheet management goals.

This is a role where you will be able to grow your expertise through consistent challenges with the backing of passionate leaders who will value your contributions and prioritize your development.

What you have

Required:

• Five years relevant experience or combination of time in post graduate studies

• Degree in a quantitative field such as Applied Mathematics, Engineering, or Economics is desired.

• Expertise in general fixed-income security modeling and analytics

• Expertise in using vendor prepayment modeling for MBS and consumer loans

• Experience in developing in-house prepayment models for MBS and consumer loans

• Strong background with yield curve modeling, including stochastic interest rate models as well as volatility models

• Practical knowledge with modern technology stack including OOP, database, cloud platforms

• Experience in building automation pipelines with Python/C++/C#/SQL

Preferred:

• Experience with interest rate risk management systems such as PolyPaths, Intex, Bloomberg, QRM, Calypso

• Experience with Interest rate risk in the banking book, including NII and EVE simulations

• CFA, FRM or PRM designations a plus

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

What's in it for you

At Schwab, we're committed to empowering our employees' personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you'll get the tools you need to make a positive difference in the finance industry. 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:

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance