Manager, Treasury Modeling Researcher

About the role

The Product Modeling team within the Treasury Modeling department is seeking a Manager (Treasury Forecasting Architecture) to develop and enhance forecasting, pricing, and segmentation models across deposits, margins, and other on-/off-balance sheet products. This role requires competent coding and a deep understanding of structural and mechanistic modeling.

Responsibilities

• Gain a deep understanding of forecasting models measuring market risk in financial projections for various products across the balance sheet.
• Architect models into Forecast Stack for various forecast assumptions and model-as-a-service API use cases.
• Analyze large datasets to extract insights into Schwab’s balance sheet and clients, providing analytical support for strategic decisions.
• Develop new models for margin and deposit products, including research, writing model white papers, and model maintenance.
• Apply structural or mechanistic models in a production environment, leveraging machine learning techniques selectively where they provide incremental value.
• Leverage industry opportunities to expand the organization’s capabilities in data science, engineering, and modeling techniques.

Requirements

• Bachelor’s Degree in Economics (focus on econometrics), Statistics, Mathematics, or other related scientific fields.
• Understanding of basic model architecture and model deployment through the life cycle of production-ready code.
• At least 2 years of work experience, preferably in a large financial company, as a developer or quantitative modeler working with large and complex datasets.
• Ability to develop new models, improve efficacy of existing models, and rigorously test them.
• Deep understanding of structural, statistical, and quantitative modeling concepts, with practical experience developing models grounded in underlying system dynamics, economic behavior, or other interpretable drivers.
• Proven track record in developing, deploying, and maintaining models.
• Strong programming skills in a modern programming language (e.g., Python, C++) and familiarity with object-oriented coding principles.
• Experience with a modern software change management process.
• Advanced experience in extracting data from relational databases (e.g., via SQL).
• Experience in visualizing data analytics and model results.
• Excellent communication skills, both verbal and written.
• Strong inter-personal skills and a collaborative team player.

Qualifications

• Prior work experience in a Treasury department of a large financial firm.
• Prior experience modeling deposits, margin, and other balance sheet products.
• Experience applying structural or mechanistic models in a production environment.
• Experience with time-series, dynamic systems, or behavioral modeling in applied settings.

Skills

• Prioritization and organizational skills.
• Attention to detail.
• Collaborative mindset.
• Problem-solving abilities.
• Technical proficiency in programming languages such as Python, C++, and SQL.
• Experience with data visualization tools.
• Ability to communicate complex ideas clearly and concisely.

Benefits

At Schwab, you’ll enjoy a competitive benefits package including:

• 401(k) with company match and Employee Stock Purchase Plan
• Paid time off for vacation, volunteering, and 28-day sabbatical after every 5 years of service
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance