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.
This is a role where you will be able to grow your expertise through consistent challenges with the backing of passionate leaders who will value your contributions and encourage your development.
The Finance Risk Management (FRM) function is an in-business risk function within Finance, which designs and implements a cohesive risk management strategy and framework to adequately identify and mitigate risk while driving innovation and business growth.
The mandate encompasses liquidity risk, interest rate risk, capital risk and regulatory risk management across the Finance organization.
Additionally, the FRM function collaborates with the second line Corporate Risk Management function in the development and enhancement of risk management policies, procedures, and limits across the Finance risk disciplines. We partner across the firm to improve efficiency, effectiveness, and productivity by safeguarding financial flexibility to enable the company strategy.
We are seeking a Director – Head of Models & Methodology to join the group reporting to the Head of Finance Risk Management.
In this role, you will:
Develop comprehensive and consistent methodologies for risk modelling and measurement across Finance, ensuring safety and soundness while enabling optimization, forecasting, and strategic decision-making.Guide internal stress testing scenarios and assumptions as well as regulatory stress testing interpretations across Finance risk stripes.Work with Finance partners and Transformation team to adopt an integrated and robust infrastructure to effectively measure and manage risk across Finance by steering implementation of models and methodologies.Enable deposit pricing strategy by implementing appropriate client segmentation to optimize client growth, net interest margin and funding resilience.Align incentives to risk exposures through reliable ways for Transfer Pricing at various levels (business, product, and legal entity)Partner across the firm to improve efficiency, effectiveness, and productivity by safeguarding financial flexibility to enable the company strategy.Update senior management on risk management capabilities, trends, and any potential remediation work.Represent Finance function risk management capabilities, exposures and activities to regulatory officials and rating agencies. What you have
Required:
Bachelor’s degree required.12+ years of related work experienceDemonstrated detailed knowledge of finance and/or risk management.Deep knowledge of broker dealer and bank risk management capabilitiesDeep knowledge of Capital, Liquidity, Interest Rate and Regulatory Risk Management practicesDeep knowledge of Enhanced Prudential Standard requirements and other relevant regulationExperienced with sweep deposit programs.Experienced with financial systems and financial data.Excellent analytical, strategic planning, critical thinking skills.Ability to translate sophisticated business problems into discrete quantifiable components.Ability to think and lead under stress.Excellent oral and written communication skills
Preferred:
MBA preferred.CFA, CPA or FRM professional designation preferred.
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
Options Apply for this jobApplyShareRefer a friendRefer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed 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. Application FAQs
Software Powered by iCIMS
www.icims.com