Your opportunity

At Schwab, you’re empowered to make an impact. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.

Model Risk Oversight (MRO) is a strategic function within the broader Corporate Risk Management umbrella that manages all quantitative and predictive modeling products to protect our clients and our company. The governance team within MRO plays a key role in establishing the program – creating policies and procedures, establishing reporting, ensuring our program is compliant with regulatory expectations and meets industry peers. This role provides an opportunity to drive program requirements and creatively improve model risk management at Schwab.

We are looking for an individual contributor to own model risk program management in alignment with the enterprise and operational risk program. This role will report to the Director of Model Risk Governance. This Manager will have a broad impact as they maintain, update and roll out changes to our policies and procedures. MRO will also rely on this person to monitor issue management for issues sourced by MRO and to plan and remediate issues assigned to MRO. As a key contributor, this Manager will also be involved with maintaining RCSA risks and controls and performing risk assessments. To ensure success of the program, it will be important for this Manager to support testing activities such as audits and control testing in addition to organizing and providing training on model risk program requirements.

What you have

Required Qualifications

• Bachelor’s degree.

• Experience with risk management concepts.

• Experience with program management.

• Experience with policies, standards, procedures, and risk frameworks.

Preferred Qualifications

• Master’s degree or related certifications.

• Working knowledge of SR 11-7 and model risk management concepts.

• Experience in the banking industry and understanding of modeling concepts.

• High attention to detail.

• Ability to define and follow processes.

• Ability to work with stakeholders to train and explain program.

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

CO Salary Range: USD $87,800 - $195,200 / Year

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 applicantaccessibility@schwab.com or call 800-275-1281.