Quantitative Analytics Engineer

The mission of Corporate Risk Management is to provide an integrated risk management strategy that supports the delivery of predictable financial and operational performance and produces successful client and shareholder outcomes. Corporate Risk Management serves as Schwab’s second line of defense by providing independent assessments of the firm’s risk, using models, controls, and systems to measure financial, operational, compliance, and legal risks to Schwab’s business, employees, and customers.

In this role, your primary responsibility on the Margin Risk & Data Solutions team will be to lead data science projects focused on Schwab’s margin and trading data. You will evaluate client and market data to detect risk patterns using modeling and analysis techniques, then convert that knowledge into functional models that help dictate and challenge how that risk is managed. From there, you will be responsible for model documentation, development evidence, and performance monitoring for our production models. Successful candidates will also have strong experience analyzing, manipulating, and visualizing large datasets. This is an Individual Contributor role., * Design, improve, and deploy equity option and exposure models for financial risk analytics, focusing on margin and trading data.

• Lead the management and maintenance of retail trading data sets.
• Collaborate with internal developers and architects to connect models with core banking platforms and workflows.
• Document model development, deployment processes, and integration steps for internal and external review.
• Analyze large datasets, identify risk patterns, and translate insights into actionable models.
• Present technical approaches and results to management, auditors, and business partners.
• Contribute to an Agile team, iterating quickly and delivering impactful solutions.

• Bachelor’s or Master’s degree in Computer Science, Mathematics, Engineering, Data Science, Finance or related field.
• 5+ years of experience in model development, preferably in financial services.
• 5+ years of experience with SQL, data manipulation, and data visualization.
• Strong Python skills; experience with data analysis and manipulation frameworks (Pandas, NumPy, PySpark, etc).
• Strong fundamentals in option models and retail derivatives trading. Experience with option and equity trading models and brokerage margin policies, particularly Black-Scholes, binomial option models, value-at-risk techniques, futures SPAN margin, Monte Carlo methods, and regression.
• Ability to manage multiple deliverables and drive process improvements.
• Excellent communication skills and documentation abilities., * Knowledge of brokerage business processes and regulatory requirements.
• Exposure to other cloud platforms (AWS, Azure, GCP) and hybrid cloud architectures.
• Experience with automation and DevOps platforms.
• Experience with C# or Java service-based architectures.
• Experience with data science and implementing machine learning

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 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

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration-so you can build the skills to make a lasting impact. 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.