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Your opportunity

At Schwab, you are 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.

Model Risk Oversight is a strategic function within the broader Corporate Risk Management umbrella that utilizes a broad spectrum of models to create innovative products for our clients, and to prudently manage our financial risk using sophisticated quantitative approaches. The Model Risk Oversight team plays a key role in identifying, reviewing, and monitoring all models at the company.

We seek a quantitative analyst to assist with model validations and make additional contributions to the Model Risk Oversight team. The analyst will participate in several model governance activities in business areas including Artificial Intelligence techniques and investment management. The use of Artificial Intelligence at Schwab is growing rapidly and the analyst will work primarily on validation projects of this type.

The job responsibilities will include, but not be limited to:

+ Performing model validations following guidelines based on SR 11-7, to include an assessment of model usage, documentation, conceptual soundness, data integrity, the control environment, and the software environment;

+ Presenting work through formal model validation reports, as well as through presentations to model owners and senior management;

+ Working effectively as a team member with other quantitative analysts at the company, as well as with external consultants;

+ Evaluating model performance monitoring reports and conducting model annual reviews.

Please note: this position is M-F and a hybrid work model. It will be 4 days in-office, 1 day from home, during standard business hours. It is only avaliable in DFW, Austin, or Orlando. Candidate must reside or be willing to relocate on their own to one of these locations. This will be an individual contributor role.

What you have

Required Qualifications:

+ Advanced degree in a quantitative discipline.

+ 0-1 years of work experience with model development or model validation in the financial industry.

+ Advanced skill with open-source analytical tools and libraries, such as Python or R.

Preferred Qualifications:

+ Strong oral and written communication skills.

+ Experience with generative AI application development, such as retrieval augmented generation.

+ Model development or model validation experience related to supervised machine learning.

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

+ 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

What’s in it for you:

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

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

Schwab is an affirmative action employer, focused on employing and advancing in employment, qualified women, racial and ethnic minorities, protected veterans, and individuals with disabilities in the workplace. If you have a disability and require reasonable accommodations in the application process, contact Human Resources at [email protected] or call 800-275-1281.