Senior Specialist, AI Model Validation

Pay range: USD $82,000.00 - $105,000.00 / Year

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.

Responsibilities:

• Perform model validations following guidelines based on SR 11-7, including assessments of:
• Model usage
• Documentation
• Conceptual soundness
• Data integrity
• Control environment
• Software environment

• Present validation work through formal reports and presentations to model owners and senior management.
• Collaborate effectively with other quantitative analysts and external consultants.
• Evaluate model performance monitoring reports and conduct annual model reviews.

This is an individual contributor role.

What you have

Required Qualifications:

• Advanced degree in a quantitative discipline.
• 0-1 years of experience in model development or 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.

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