Senior Analyst, Risk Analytics and Modeling

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Job ID:
20161222-4336
Job Category:
Risk Management
Relevant Work Experience:
Analyst/Strategy-2-5 yrs, Accounting and Finance-2-5 yrs, Financial Services-2-5 yrs, Regulatory, Risk Analysis, Compliance
Current Licenses / Certifications:
None
Position Located In:
IL - Chicago
Education:
BA/BS
Job Type:
Full Time
Description:

Chicago - IL, IL150SW, 150 S Wacker Dr, 60606-4111
Brian Parker
20161222-4336

We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Opportunity:

This is a critical position in Corporate Planning, responsible for modeling net interest income (NII) generated by the assets and liabilities on the balance sheets of the Corporation and affiliates under specified economic scenarios, more specifically related to Capital Stress Test scenarios for CCAR and DFAST compliance. The Corporate Planning Finance team works closely with senior finance leadership, Treasury, and Risk Management to develop long and short term financial forecasts for Charles Schwab and its operating entities.

What you’ll do:

  • Perform net interest income and balance sheet forecasting
  • Generate principal and interest cash flows, prepayments, and income for existing book and projected balances
  • Establish and calibrate risk factors used in scenario analyses
  • Back-test risk factor assumptions and periodic model calibration will require an in-depth understanding of fixed income instruments, interest rate, and prepayment modeling
  • Present and communicate NII scenario results to senior management on a regular basis
  • Quantify NII forecast uncertainty implied by model assumptions
  • Provide insight into model functionality, capabilities, and limitations
  • Maintain documentation of modeling assumptions and methodologies
  • Generate NII results for corporate planning scenarios 

What you have:

  • 3+ years of experience in banking or insurance with an emphasis on ALM, fixed income analytics, reporting and modeling
  • Bachelor's degree required.  Master's degree preferred.  Degrees in Finance, quantitative field or CFA designation preferred
  • Experience with 3rd party ALM applications such as, Polypaths, Bancware or QRM
  • Relevant FP&A experience
  • Ability to manage multiple deliverables concurrently.
  • Self-motivated and able to bring projects to their conclusion and maintain models with persistent inquiry
  • Strong attention to detail, analytical and quantitative skills
  • Strong written and verbal communication skills
  • Prior CCAR and/or DFAST filing and modeling experience is desired but not required
  • Advanced knowledge of Excel and VBA. Experience with SQL is desired but not required

What you’ll get:

  • Everyday Wellness: Healthy Rewards, Onsite Fitness Classes, Healthy Choices, Wellness Champions
  • Financial Fitness: 401k Match, Employee Discounts, Personalized advice, Brokerage discounts
  • Work/Life Balance: Sabbatical, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer
  • Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships
  • Not just a job, but a career, with an opportunity to do the best work of your life

Learn more about Life@Schwab.

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law.

Charles Schwab & Co., Inc. will consider for employment qualified applicants with criminal histories consistent with San Francisco ordinance 17-14 and federal law and regulations applicable to Charles Schwab. 


Job Specifications
Relocation Offered?: No
Work Schedule: Days
Languages: English - spoken
Current Licenses / Certifications: None
Relevant Work Experience: Analyst/Strategy-2-5 yrs, Accounting and Finance-2-5 yrs, Financial Services-2-5 yrs, Regulatory, Risk Analysis, Compliance
Position Located In: IL - Chicago
Education: BA/BS
Job Type: Full Time

Category:Risk Management
Activation Date: Tuesday, January 3, 2017
Expiration Date: Saturday, July 1, 2017
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Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability, and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab’s hiring decisions. All other submissions should be performed online.

The Charles Schwab Corporation provides a full range of securities, brokerage, banking, money management, and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (“Schwab”), Member SIPC , offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.