Senior Specialist, AI Model Validation
Charles Schwab Corporation, Southlake, TX, United States
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 aquantitative analystto 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 andseniormanagement.
Collaborate effectively with other quantitative analysts and externalconsultants.
Evaluate model performance monitoring reports and conduct annual model reviews.
This is anindividual 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 asPythonorR.
Preferred Qualifications:
Strong oral and written communication skills.
#J-18808-Ljbffr
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 aquantitative analystto 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 andseniormanagement.
Collaborate effectively with other quantitative analysts and externalconsultants.
Evaluate model performance monitoring reports and conduct annual model reviews.
This is anindividual 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 asPythonorR.
Preferred Qualifications:
Strong oral and written communication skills.
#J-18808-Ljbffr