Your opportunity
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.
As a Manager (AI & Data Science) you will be part of the Product Modeling team within the Treasury & Capital Market department. The Product Modeling team is responsible for data-driven deposit and margin analytics, developing models for deposit/margin forecasting and pricing, and generating deposit forecasts on a recurring cadence.
A key focus of our team is to drive forward the model automation efforts across the product modeling team. We are currently building out a scalable and robust infrastructure that allows us to run forecast scenarios for BAU, market risk, and interest rate risk in a highly automated and controlled fashion. Additionally, our team is developing new analytics explaining movements in deposits and margin loans over various time frames. Based on these analytics, we develop new models that go through a rigorous model validation process. Our analytics and models provide valuable insights to our senior stakeholders not only within Treasury, but also the broader Finance organization and the overall firm.
In this role you will have the opportunity to use a wide variety of skills. Your highly quantitative background combined with your strong programming and data manipulation skills allows you to extract valuable insights from large datasets. Your strong modeling background enables you to condense your observations into robust models and your strong programming experience allows you to write production level code under a rigorous change management process. While doing all this, you collaborate closely with others and are ready to present your results and observations to a wide group of stakeholders.
If you are looking for a role where you can leverage all these skills and want to be part of a very impactful and driven team within the Treasury organization, we encourage you to apply.
What you have
Required skills
- Bachelor’s degree with a strong quantitative component (Applied Math, Statistics, Economics, Physics, Financial Engineering)
- At least 5 years of work experience in a large financial company as a quantitative modeler with consideration given for graduate degrees
- Ability to develop new models, improve efficacy of existing models and rigorously test them.
- Solid understanding of statistical and quantitative modeling concepts and practical experience using statistical techniques to extract insights from large datasets.
- Strong programming skills in a modern programming language (e.g., Python, C++) and familiarity with object-oriented coding principle
- 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.
- Strong work ethic, high self-motivation, proactive approach, attention to detail and ability to deliver under tight deadlines.
- Excellent communication skills, both verbally and written.
- Strong inter-personal skills and a collaborative team-player
- Advanced skills in Excel and PowerPoint
Preferred skills
- Graduate degree (Master of Science/Ph.D.) in a quantitative discipline (Applied Math, Statistics, Economics, Physics, Financial Engineering)
- Prior work experience in a Treasury department of a large financial firm
- Prior experience modeling deposits, margin, and other balance sheet products.
What you'll do:
- Gain a deep understanding of the various forecasting models which measure the market risk in financial projections associated with a diverse set of deposit products across the balance sheet.
- Analyze large data sets to extract insights into deposit and margin products and to provide analytical support for strategic decisions.
- Develop new models for margin and deposit products. This includes research, writing of model white papers and technical papers and model maintenance.
- Automate models and analytics via a modern software change management process.
- Support production runs and closely work with downstream users of our models and analytics
- Contributes to the future state of model development infrastructure and data patterns toward advancing AI/ML capabilities.
- Leverages industry opportunities to expand the organization’s capabilities in data science, engineering, and modeling techniques.
In addition to the salary range, this position is also eligible for bonus or incentive opportunities
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
