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Charles Schwab

Senior Manager, Model Developer - Risk Analytics

Chicago, IL

Salary Range: USD $101,000 - $224,400 / Year

Your Opportunity

The Risk Analytics and Model Development team is looking for a dynamic, self-motivated model developer at the Senior Manager level. The team falls within the Financial Risk Management function under the broader Corporate Risk Management organization. The team's primary functions involve conducting quantitative research and developing models.

What you are good at

The model developer will be primarily involved with models related to mortgage loan and HELOC portfolios. The model developer will play a crucial role in new model development initiatives as well as providing enhancements and support to existing models.

The model developer's key responsibilities will include but not be limited to:

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  • Overcome challenges involving data analytics, and develop computational, statistical and econometric models.
  • Collaborate with key business partners to drive continuous improvement of models and model performance.
  • Document the rationale and supporting evidence for model development.
  • Document model limitations and conduct tests to ensure that the model limitations do not adversely impact model accuracy.
  • Present the results in a meaningful way to senior leaders and executives.

What you have

  • Master's or more advanced degree in a discipline (statistics, mathematics, economics, finance, financial engineering, applied and computational mathematics, and other disciplines in physical sciences or engineering) that require heavy use of computational mathematics and/or statistical techniques.
  • 5+ years of experience in a quantitative discipline with strong experience working with financial Prepayment and Credit models.
  • Demonstrated modeling experience and coding skills necessary to deploy financial-focused software.
  • Advanced proficiency in R with knowledge of Python.
  • Experience using relational databases such as SQL server, Teradata; knowledge in DB table design, SQL programming, query optimization
  • Proficiency in other general-purpose programming languages, and in AI and Machine Learning algorithms will be a plus.
  • Knowledge of working on cloud platforms, and model governance and regulatory requirements for large US banks will be a plus.

Why work for us?

Own Your Tomorrow embodies everything we do! We are committed to helping our employees ignite their potential and achieve their dreams. Our employees get to play a central role in reinventing a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth.

Benefits: A competitive and flexible package designed to empower you for today and tomorrow. We offer a competitive and flexible package designed to help you make the most of your life at work and at home-today and in the future.

TD Ameritrade, a subsidiary of Charles Schwab, is an Equal Opportunity Employer. At TD Ameritrade we believe People Matter. We value diversity and believe that it goes beyond all protected classes, thoughts, ideas, and perspectives.

Client-provided location(s): Chicago, IL, USA; Lone Tree, CO, USA; California, USA; Westlake, TX, USA
Job ID: CharlesSchwab-2023-89449
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Pet Insurance
    • Mental Health Benefits
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Adoption Leave
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Sabbatical
    • Leave of Absence
    • Volunteer Time Off
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Financial Counseling
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Shadowing Opportunities
    • Access to Online Courses
    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program

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