Sr. Manager, Governance 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.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location.

Schwab Asset Management (SAM) is the asset management arm of the Charles Schwab Corporation and has over $1.6 Trillion assets under management in mutual funds, ETFs and separately managed account strategies. Products managed include a wide variety of active and indexed equity, fixed income, asset allocation strategies, and money markets funds. SAM uses a consistent and disciplined approach to investing across all our products and seeks to develop innovative new products to meet the core investing needs of our clients. The SAM Investment Risk Team quantifies and reports on the investment risk of more than 501 different investment portfolios and strategies.

The Senior Manger will be a key figure in the investment risk team and will work within the Investment Risk Team, supporting SAM model owners. This role requires knowledge of theoretical and practical asset management, risk modeling, quantitative analysis and portfolio construction. The role also requires a talented and successful professional with strong quantitative and communication skills to partner closely with multiple portfolio management teams at SAM while liaising regularly with other Schwab business lines.

Key Responsibilities include, but are not limited to:

• The Senior Manager will remove barriers to execution for model owners enabling them to use quantitative tools to reduce risk, create efficiencies and deliver superior products for clients.
• Bring SAM Artificial Intelligence tools to production by becoming a subject matter expert in corporate AI governance.
• Organize and facilitate SAM compliance with Federal Reserve (SR 11-7) guidance on Model Risk Management, largely as interpreted by Schwab's Model Risk Oversight (MRO) division.
• Become an expert on the Model Risk standards, policies and procedures developed for model owners by MRO to help model owners comply with SR 11-7. Partner and collaborate closely with MRO experts towards mutual SAM and MRO goals. Act as a knowledge resource and advisor on model risk standards, policies and procedures.
• Act as an advocate for SAM model owners, and help SAM model owners comply with internal and external guidelines, standards, policies and procedures concerning Model Risk.
• Become acquainted and familiar with SAM's investment products, and with the conceptual characteristics of SAM's suite of models.
• As a delegate of, and advocate for model owners, wherever possible take up to full responsibility for model validation, re-validation, annual review, and model performance reporting.
• Maintain extensive documentation libraries in a professional, organized, efficient fashion.
• Partner with model owners in the model risk management aspects of audit of their processes.

• 5+ years of experience with Investment Management and/or model risk management.
• Strong experience with Microsoft Office tools (MS Excel, Word, PowerPoint, Outlook) is a requirement.
• Programming skills and experience with investment management expert vendor facilities (Aladdin, FactSet, Morningstar, Bloomberg, and/or Barra)
• Superior communication skills: Ability to explain quantitative concepts to a nontechnical audience, and communicate different messages clearly, authentically, and persuasively in a persuasive manner.

• Ideally you are an experienced administrator of technical matters.
• You have a desire to help others fulfill their absolute requirement to comply with complicated and extensive rules, regulations, and standards. You derive satisfaction and fulfillment from that ends.
• A quantitative background is a plus, as is a background in administration of quantitative processes.
• Experience with Migraph is a distinct plus.
• Experience in all areas of investment management is valued, as well as experience in risk management in general and model risk management in particular.
• Experience in negotiation towards the achievement of pragmatic and material results, or the desire and ability to grow negotiation skills.
• Sufficient depth of experience to interact and communicate effectively with technical experts and portfolio managers via meetings, presentations, and written reports.
• You are qualified to learn. For example, today you might not be familiar with a particular, very technical body of knowledge but you are unafraid and willing to apply yourself to learning more about it.
• Ability to work effectively in a collaborative environment.
• Ability to identify and remove obstacles that hinder or prevent teams from doing their best work.

• 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