Quantitative Model Validation Specialist

4 weeks ago


Southlake, Texas, United States Charles Schwab Full time
Empowering Innovation

At Charles 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.

We're seeking a skilled Quantitative Model Validation Specialist to join our Model Risk Oversight team. As a key member of this team, you'll play a critical role in identifying, reviewing, and monitoring all models at the company.

As a Quantitative Model Validation Specialist, you'll be responsible for 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.

You'll present your 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, you'll evaluate model performance monitoring reports and conduct model annual reviews.

This is an individual contributor role, and you'll have the opportunity to make a significant impact on our company's risk management practices.


What You'll Need

  • Advanced degree in a quantitative discipline.
  • 2-3 years of work experience performing and/or supporting model validations in the financial industry.
  • Model validation experience related to Artificial Intelligence and machine learning.
  • Advanced skill with analytical tools, such as SAS, R, MATLAB, or Python.

What's in it for you
At Charles 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

What's in it for you:
At Charles 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


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