Manager, ALM, Market Risk Modeling

Responsibilities

• Perform front-office modeling, analytics, and optimization with a focus on interest rate risk management and expert knowledge of fixed-income, derivatives, and balance sheet modeling.
• Develop and enhance the ALM model that supports BAU NII forecast and NII sensitivity measurement, the EVE sensitivity model, and key underlying modeling assumptions.
• Support production processes for financial planning, net interest income forecasting, and market risk measurement.
• Contribute to initiatives to enhance, streamline, and automate balance sheet modeling, sensitivity analysis, and backtesting.
• Partner with Model Risk Oversight to maintain model documentation, support validations, and comply with model risk management standards.
• Collaborate with key partners to deliver balance sheet analytics that inform investment, liquidity, and capital strategies as well as risk management.
• Leverage industry research and remain current on peer practices, vendor capabilities, and regulatory/industry trends relevant to ALM and market risk.

Qualifications

• Bachelor’s degree in a quantitative field (e.g., Applied Mathematics, Engineering, Finance, Economics, Statistics, or a related discipline)
• Three years of relevant professional experience (or a combination of professional experience and graduate studies) in ALM, treasury, fixed income, market risk, or quantitative analytics
• Strong quantitative skills in financial modeling and analytics, particularly related to fixed income products (e.g., mortgage-backed securities)
• Hands-on experience with ALM and/or interest rate risk concepts (e.g., NII and EVE sensitivities, hedging strategies, fund transfer pricing, etc.)
• Experience in building automation workflows and data pipelines with Python/SQL/etc. in a highly regulated environment
• Strong written and oral communication skills
• Highly motivated self-starter, comfort working in ambiguity, and ability to independently identify opportunities and create innovative solutions that support balance sheet strategy and risk management

Preferred Qualifications

• An advanced degree is preferred
• CFA, FRM, etc. designations are a plus
• Strong knowledge of and hands-on experience in the PolyPaths system (AppPort/BatchCal/ALM/Enterprise) or QRM
• Direct experience in dynamic balance sheet simulation or forecasting
• Direct experience in modeling derivatives and associated hedge accounting
• Direct experience with liquidity and capital management or how they are implemented in financial planning forecast

Pay

At Schwab, you're eligible for bonus or incentive opportunities. Details about the salary range are provided in the job description.

Schedule

The role offers a Hybrid Work and Flexibility approach, balancing workplace flexibility, client service, and regular in-person meetings.