Quantitative Validation Analyst -Job ID: 0514-40923 Job Category: Risk Management Relevant Work Experience: Risk Analysis Current Licenses / Certifications: None Position Located In: IL - Chicago, CO - Lone Tree Education: MA/MS/MBA Job Type: Full Time Description: Lone Tree - CO, DENR1, 9800 Schwab Way, 80124 Cameron Ellsworth 0514-40923 We believe that, when done right, investing liberates people to create their own destiny.We are drivenby our purpose to champion every clients goals with passion and integrity.We respectand appreciate the diversity of our employees, our clients, and the communities we serve.We challengeconventions 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 championour employee strengths, guide their development, and invest in their long-term success.We hireoptimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed. As a company, we were established byChuckover 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: We are hiring a quantitative analyst to conduct model validations and make additional contributions to the Model Risk Management team. More seasoned applicants may qualify for the senior analyst position. The analyst will need strong quantitative aptitude and a good understanding of how models are used in business contexts. Prior experience with machine learning and other statistical classification techniques as applied to fraud or anti-money laundering (AML) is highly desirable. What youll do: The job responsibilities will include, but not be limited to: -Performing model validations including an assessment of model usage, documentation, conceptual soundness, data integrity, the control environment, and the software environment; -Presenting 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; -Evaluating model performance monitoring reports and conducting model annual reviews. This will be an individual contributor role. What you have: -Advanced degree in a quantitative discipline (statistics, mathematics, physics, economics, engineering). -2-5+ years of work experience in quantitative modeling. -Advanced skill with one or more analytical tools, such as SAS, R, MATLAB, Python, or EViews. -Strong oral and written communication skills. -Preferred: Experience working with classification systems as applied to fraud or anti-money laundering. -Preferred: Experience working as a quant in the financial industry. -Preferred: CFA and/or FRM certification. -Preferred: Knowledge of model governance processes and regulatory requirements for large US banks. What youll get: -Comprehensive Compensation and Benefits package -Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts -Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program -Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions -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 (P) Learn more aboutLife@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. 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. Job Specifications -Relocation Offered?: -No -Work Schedule: -Days -Languages: -English - spoken -Current Licenses / Certifications: -None -Relevant Work Experience: -Risk Analysis -Position Located In: -IL - Chicago, CO - Lone Tree -Education: -MA/MS/MBA -Job Type: -Full Time Category:Risk Management Activation Date: Monday, May 14, 2018 Expiration Date: Sunday, July 1, 2018 Apply Here