Senior Manager, Inferential and Predictive Analytics

Your Opportunity

We believe that , when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity.

We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world.

We live and bring to life the concept of own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success.

We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners.

Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

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.

The Inferential and Predictive Analytics : Data, Infrastructure , Modeling, Exposition (IPA) team is looking for a dynamic, self-motivated model developer at the Senior Manager level.

The IPA 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’ll do :

The model developer will play a crucial role in applying quantitative analysis to drive new model development initiatives as well as providing enhancements and support to existing models.

The developer in the short term will be involved with models related to client deposits but development initiatives may expand to mortgage loans, home equity lines of credit, fixed income instruments, etc.

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

• Perform computational, statistical and econometric analyses
• Document the rationale and supporting evidence for model development
• Document model limitations and, on an on-going basis, test the model performance to ensure that the model limitations do not adversely impact model accuracy
• Utilize project management and communication skills to ensure project deliverables are understood and achievable

What you have

To ensure that we fulfill our promise of challenging the status quo, this role has specific qualifications that successful candidates should have.

The Senior Manager of IPA has a solid quantitative background, strong business acumen, successful track record working in teams, and experience composing reports and presentations for senior management.

The individual should be tech-savvy and familiar with the best practices related to the development of advanced quantitative models, including source code management and model validation techniques.

Other qualifications include :

Required Qualifications :

• Master's or more advanced degree in one of the following fields is required : finance, economics, financial engineering, applied and computational mathematics, statistics and other disciplines in physical sciences or engineering that require heavy use of computational mathematics and / or statistical techniques
• 4+ years of experience in financial risk modeling, specialized in client behavior models for deposits
• Strong quantitative and coding skills necessary to deploy financial-focused software
• Advanced proficiency in Python or R. Proficiency in R or Python related to AI and Machine Learning will be a plus
• Experience using relational databases; knowledge in DB table design, SQL programming, query optimization
• Solid communication skills with ability to translate mathematical and statistical concepts into easily understood language

Preferred Qualifications :

• Full stack quantitative model development experience will be a plus
• A passion for finance, technology, and analytics

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.