Pay range: USD $83,800.00 - $140,000.00 / 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.
We are looking for a financial data engineer/Quant Developer to join the Schwab Asset Management's (SAM) Quantitative Innovation team which is responsible for designing systematic, data-driven investment products. As part of the research team, the quantitative developer will be an integral part of the investing process, implementing the models and infrastructure that power the investment products. The team is a quant team located in Chicago which primarily focuses on domestic and international equity models. The team's primary objective is to ensure reliable model executions and dependable research data and create advanced modeling and research tools. In order to ensure reliable execution and dependable data, the financial data engineer will assist the team in developing and evaluating financial data integration mechanisms and controls.
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This is an opportunity to work as a hands-on developer focused on a variety of innovative quantitative research and investment initiatives, creating reliable, scalable, and advanced solutions to help our clients take ownership of their financial futures. You'll support investment models, analytics, and reporting products while collaborating with product, business, and technology partners. If you're looking to bring your expertise to a firm that will provide consistent challenges, promoting development and ownership of your career, this is the role for you.
What you have
Required Qualifications:
- A bachelor's degree in a financial, engineering, or quantitative discipline is preferred
- Strong familiarity with financial market data is required. Hands-on experience with financial analysis and database systems such as FactSet, Refinitiv QA Direct, Clarifi, Bloomberg, and direct feeds.
- Experience building/maintaining extract, transform and loading methods a plus, including data quality checks and some quality assurance.
- Experience with application development technologies used for quantitative model research and development (e.g. Python or R).
- Knowledge of quantitative investment processes and financial datasets.
- In depth knowledge of specific financial databases such as IDC, Compustat, Worldscope, CRSP and IBES a strong plus
- Good SQL skills and an understanding of normalized data schemas.
- Ability to work independently and collaborate with all types of stakeholders, both technical and business, peers, and leaders
- Ability work in a fast-paced environment and contribute to multiple projects simultaneously
- Strong problem solving and critical thinking skills
- Ability to quickly grasp complex concepts and learn new technologies
- Strong customer focus with a sense of ownership and determination to drive solutions in a collaborative environment
Preferred Qualifications:
- Professional certifications or progress towards a designation such as CFA, and/or CPA a plus
- Experience in systematic or quantitative equity modeling strategies a plus.
- Experience with analytics dashboard visualization apps using Python, e.g. Plot.ly Dash.
- Experience with Cloud platforms such as Azure, GCP or AWS.
- Must be methodical, detail-oriented, and able to handle the development and reliable execution of repetitive processes
- Must be willing to be involved in occasional model production troubleshooting on weekends
- Demonstrated passion for providing proactive solutions
- Positive attitude, enthusiasm, and strong work ethic with high level of integrity
- Excellent communication, problem solving, and presentation skills to influence and build consensus among your team members and senior leadership
- Passion for financial markets and investments.
In addition to the salary range, this role 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