Overview In this Director role, you will own the ALM & Market Risk Modeling workstream to optimize Schwab's balance sheet and manage interest rate risk. You'll lead the PolyPaths-based modeling efforts for hedging, prepayments, and income forecasting, collaborating with ALM Strategy, risk, and technology partners to ensure production-ready, well-governed outputs. You will drive model governance, documentation, validation, and data quality to enable informed decision-making. This opportunity combines deep quantitative work with strategic influence in a mission-driven, collaborative culture.
Responsibilities- Administer and configure the PolyPaths system, including profile management
- Design, implement, and support PolyPaths batch processing
- Maintain technical documentation and manage system upgrades
- Model linear and non-linear hedge instruments using PolyPaths
- Oversee vendor prepayment models for accuracy and compliance
- Develop and maintain models for asset-backed securities
- Forecast accumulated other comprehensive income for capital stress testing
- Lead production activities and control processes for capital stress testing
- Enhance workflow automation and data quality controls for forecasting and market risk operations
- Collaborate with Model Risk Oversight to maintain documentation, validation, and governance
- Stay informed on industry practices, vendor solutions, and regulatory developments
Key requirements- 5+ years of direct people leadership/management experience
- 8+ years in a publicly traded complex financial services environment with model development, automation, and documentation
- 8+ years in balance sheet and market risk modeling
- 8+ years of experience leveraging PolyPaths, QRM, or similar ALM software
- Direct experience administering and extending PolyPaths, QRM, or ALM software and supporting enterprise production runs
- Degree in quantitative fields such as Applied Mathematics, Financial Engineering, Engineering, Economics, or related discipline
- Strong leadership and strategic vision
- Excellent interpersonal, communication, and presentation skills
- Ability to work across cross-functional teams (traders, risk, technology)
- PolyPaths: administration, configuration, batch processing
- QRM or other ALM software
- MBS and asset-backed securities modeling
