Charles Schwab Manager – Asset Liability Management Strategy Group in Lone Tree, Colorado
The Asset Liability Management Strategy (ALMS) team is a vital part of the Treasury Capital Markets group and is responsible for overall balance sheet management, Net Interest Revenue (NIR) forecasting, Interest Rate Risk management, 1st line Credit Risk Management, client sweep deposit modeling, investment portfolio analytics, and investment portfolio strategy (over $300 billion in portfolio assets).
This is an individual contributor role and as a member of ALMS team you will be responsible for managing the process of modeling net interest income (NII) generated by the assets and liabilities on the balance sheets of the Corporation and affiliates under specified economic scenarios, for monthly forecasting purposes and for Capital Stress Test scenarios for CCAR and DFAST compliance.
The ALMS team works closely with senior finance leadership, Central Finance, other Treasury and Risk Management groups to develop long and short-term financial forecasts for Charles Schwab and its operating entities.
The candidate for this function should demonstrate superior analytical & modeling skills, technical proficiency, desire to learn and develop new concepts/skills, ability to take initiative to improve analytics and operational processes, as well as develop new insights and a long-term vision for this role. While the position is primarily focused on NIR forecasting, the ALM Strategy team has an elastic organizational structure providing ample opportunity for you to take on additional responsibilities, seek learning & development opportunities, and give to a number of ALM and Balance Sheet Management objectives.
What you are good at
Build and maintain simulation models used to create Net Interest revenue (NIR) and evaluate Earnings at Risk, balance sheet sensitivity and other measures
Manage and update model assumptions, as needed, and conduct scenario and sensitivity analysis on key assumptions
Generate principal and interest cash flows, prepayments, and income for existing book and projected balances
Establish and calibrate risk factors used in scenario analyses
Quantify NII forecast uncertainty implied by model assumptions
Back-test risk factor assumptions; periodic model calibration will require an in-depth understanding of fixed income instruments, interest rate and prepayment modeling
Generate timely and accurate reporting of the results. Present and communicate scenario results to senior management on a regular basis.
Provide sophisticated financial analysis and modeling support on ad-hoc basis and support development of new ALM reporting and risk dashboards
Identify areas of improvement in the operational and analytical/modeling processes and take initiative to improve/automate such processes in collaboration with other ALMS units
Provide insight into model functionality, capabilities, and limitations
Maintain documentation of the model simulation results, model assumptions/methodologies and other supporting material required for the ALMS function, as well as external/internal auditors and model validators
Serve as a liaison to other departments, including capital markets, finance, risk management, model validation and audit
What you have
3+ years of experience in banking or insurance with an emphasis on a mix of the following: ALM, fixed income analytics, modeling, market risk or relevant FP&A experience
Bachelor's degree required. Master's degree preferred. Degrees in Finance, quantitative field or CFA designation preferred
Excellent quantitative and analytical skills with ability to create innovative analytics to explain forecast results to senior management and business partners
Strong desire to develop and learn new financial and technical concepts and skills
Experience with 3rd party ALM applications such as Polypaths, Bancware or QRM preferred
Ability to multi-task while maintaining composure in a potentially stressful environment
Strong attention to detail and ability to handle large data sets
Self-motivated and able to bring projects to their conclusion and maintain models with persistent inquiry
Strong written and verbal communication skills
Advanced knowledge of Excel and VBA.
Experience with Tableau or other Business Intelligence/Data Visualization software preferred
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Job Locations US-IL-Chicago | US-CO-Lone Tree | US-CA-San Francisco
Requisition ID 2020-66214
Posted Date 4 days ago (11/21/2020 1:00 AM)
Category Risk & Regulatory
Position Type Full time