Manager, Financial Risk Management

Pay range: USD $90,000.00 - $160,000.00 / Year

Your opportunity

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.

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 encourage your development.

The Finance Risk Management (FRM) function is an in-business risk function within Finance, which designs and implements a cohesive risk management strategy and framework to adequately identify and mitigate risk while driving innovation and business growth. The mandate encompasses liquidity risk, interest rate risk, capital risk and regulatory risk management across the Finance organization.

Additionally, the FRM function collaborates with the second line Corporate Risk Management function in the development and enhancement of risk management policies, procedures, and limits across the Finance risk disciplines. We partner across the firm to improve efficiency, effectiveness, and productivity by safeguarding financial flexibility to enable the company strategy.

We are seeking a Manager - Models & Methodology to join the group reporting to the Head of Models & Methodology.

What you have

The following qualifications are required:

• Bachelor's degree.
• 5+ years of related work experience.
• Demonstrated detailed knowledge of financial risk management.
• Knowledge of broker dealer and/or bank risk management capabilities.
• Knowledge of Capital Planning, Liquidity Risk, Interest Rate Risk Management practices.
• Knowledge of the Enhanced Prudential Standards, FR2052a/LCR/NSFR, or other relevant liquidity regulations.
• Experience with financial systems and bank data management.
• Experience with Model Risk Management standards and practices
• Excellent analytical, strategic planning, and problem solving skills.
• Ability to translate sophisticated business problems into discrete quantifiable components.
• Excellent oral and written communication skills and ability to interact cross-functionally.
• Self-motivated, able to multi-task, perform under strict deadlines, and able to develop new processes.

• MBA preferred.
• CFA, CPA or FRM professional designation preferred.
• Experience with SQL, Python, R, or similar applications
• Experience creating presentations for executive audiences.

• Guide internal stress testing scenarios and assumptions as well as regulatory stress testing interpretations across Finance risk stripes.
• Work with Finance partners and the Transformation teams to adopt an integrated and robust infrastructure across Finance by assessing, testing, and documenting evolving models and methodologies.
• Work with Finance partners to review data controls that support liquidity risk, market risk, and capital stress testing models and methodologies.
• Aid in balance sheet strategy by implementing appropriate client segmentation to optimize client growth, net interest margin and funding resilience.
• Assist in aligning incentives to risk exposures through reliable ways for Transfer Pricing at various levels (business, product, and legal entity).

• 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