Full-Time

Treasury Modeling Quant

Confirmed live in the last 24 hours

Charles Schwab

Charles Schwab

10,001+ employees

Fintech
Financial Services

Senior

Lone Tree, CO, USA + 1 more

More locations: Westlake, TX, USA

Category
Treasury
Quantitative Finance
Finance & Banking
Required Skills
Python
Data Science
SQL
Machine Learning
C/C++
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides

You match the following Charles Schwab's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s degree with a strong quantitative component (Applied Math, Statistics, Economics, Physics, Financial Engineering)
  • At least 5 years of work experience in a large financial company as a quantitative modeler with consideration given for graduate degrees
  • Ability to develop new models, improve efficacy of existing models and rigorously test them.
  • Solid understanding of statistical and quantitative modeling concepts and practical experience using statistical techniques to extract insights from large datasets.
  • Strong programming skills in a modern programming language (e.g., Python, C++) and familiarity with object-oriented coding principle
  • Experience with a modern software change management process.
  • Advanced experience in extracting data from relational databases (e.g., via SQL)
  • Experience in visualizing data analytics and model results.
  • Strong work ethic, high self-motivation, proactive approach, attention to detail and ability to deliver under tight deadlines.
  • Excellent communication skills, both verbally and written.
  • Strong inter-personal skills and a collaborative team-player
  • Advanced skills in Excel and PowerPoint
Responsibilities
  • Gain a deep understanding of the various forecasting models which measure the market risk in financial projections associated with a diverse set of deposit products across the balance sheet.
  • Analyze large data sets to extract insights into deposit and margin products and to provide analytical support for strategic decisions.
  • Develop new models for margin and deposit products. This includes research, writing of model white papers and technical papers and model maintenance.
  • Automate models and analytics via a modern software change management process.
  • Support production runs and closely work with downstream users of our models and analytics
  • Contributes to the future state of model development infrastructure and data patterns toward advancing AI/ML capabilities.
  • Leverages industry opportunities to expand the organization’s capabilities in data science, engineering, and modeling techniques.
Desired Qualifications
  • Graduate degree (Master of Science/Ph.D.) in a quantitative discipline (Applied Math, Statistics, Economics, Physics, Financial Engineering)
  • Prior work experience in a Treasury department of a large financial firm
  • Prior experience modeling deposits, margin, and other balance sheet products.

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

San Francisco, California

Founded

1973

Simplify Jobs

Simplify's Take

What believers are saying

  • Schwab's 24/5 trading can attract global clients seeking flexible trading hours.
  • The rise of fractional share trading attracts younger investors to Schwab.
  • Growing interest in ESG products presents an opportunity for Schwab's expansion.

What critics are saying

  • TD Bank's stake sale may cause volatility in Schwab's stock price.
  • Executive retirements could lead to strategic shifts and instability.
  • Competition from the Texas Stock Exchange may impact Schwab's market share.

What makes Charles Schwab unique

  • Schwab offers 24/5 trading, a unique feature among major brokerage firms.
  • The thinkorswim platform provides advanced trading tools for active traders.
  • Schwab's acquisition of Ameritrade enhances its trading capabilities and client base.

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Benefits

Professional Development Budget

Company News

FF News
Feb 13th, 2025
Schwab Makes Expanded 24-Hour Trading Available To All Clients

Charles Schwab, a leader in investing and trading with $10.10 trillion in total client assets that facilitates approximately six million daily average trades globally, today announced the launch of broad access to an expanded range of securities in the overnight trading session following a series of successful pilots at the end of 2024. Now, all Schwab clients globally can trade an expanded list of securities including the S&P 500 and Nasdaq-100 stocks 24 hours a day, five days a week (24/5), via the thinkorswim® platform suite.Ameritrade, which was acquired by Schwab in 2020, pioneered 24/5 trading in 2018 as the first U.S. retail broker-dealer to make it available to traders. Schwab began piloting expanded overnight access with a small group of clients in November 2024 and has gradually expanded the reach in the intervening months in preparation for broad availability.James Kostulias, Managing Director and Head of Trading Services at Charles Schwab, said: “We are proud to have been at the forefront of overnight trading several years ago and that we are continuing to evolve and enhance our capabilities and platforms to meet the needs of today’s modern traders.“Each day, Schwab facilitates about twice the trades of any competitor that shares that figure publicly, and we know that expanding access to overnight trading to our millions of clients is a significant milestone not just for Schwab, but for our industry. In consideration of Schwab’s leadership position and our ‘through clients’ eyes’ strategy, we have worked hard to combine the power of our world-class trading platforms, specialised 24-hour service and support, and tailored education to deliver an overnight trading experience that reflects the unique dynamics and potential risks this offering can present, while empowering clients to trade in the ways that suit them and their lifestyle best.”Insights from Schwab’s recent 24/5 expansion pilotDuring the expanded 24/5 pilot period, which ran from November 2024 through January 2025, a small group of clients were able to trade between the hours of 01:00-09:00 GMT/20:00-04:00 ET. The most active trading hours of the overnight session were the first and last, between 01:00-02:00 GMT/20:00-21:00 ET and 08:00-09:00 GMT/03:00-04:00 ET.The stocks Schwab clients most actively bought, sold, or both during the pilot were:Tesla Inc

PYMNTS
Feb 10th, 2025
TD Bank Selling Charles Schwab Stake to Combat AML Fallout | PYMNTS.com

TD Bank is reportedly selling its 10.1% stake in investment firm Charles Schwab. That’s according to a report Monday (Feb. 10) by The Wall Street Journal

PR Newswire
Jan 31st, 2025
Texas Stock Exchange Files Form 1 Registration To Operate As A National Securities Exchange

TXSE Group Inc closes its initial capital raise at $161 million, making it the most well-capitalized exchange to ever file a Form 1DALLAS, Jan. 31, 2025 /PRNewswire/ -- TXSE Group Inc announced today that the Texas Stock Exchange LLC (TXSE) has filed its Form 1 registration with the U.S. Securities and Exchange Commission (SEC).TXSE is one of the only fully integrated exchanges to file for SEC approval in the past 20 years. Its filing proposes trading, listings of corporate issuers and ETPs, auctions, and a range of data products.TXSE's goal is to provide greater alignment with issuers and investors and address the high cost of going and staying public. TXSE is also well underway in building an order matching engine that leverages the latest technology to deliver predictable performance, low latency, and speed comparable to that of the world's top-performing markets.TXSE will continue to work with the SEC on the approval of its registration. If granted, TXSE intends to launch trading in early 2026, with listings by the end of the same year."Today marks another milestone in our journey to make the Texas Stock Exchange a reality," said James H Lee, founder and CEO of TXSE Group Inc

Bloomberg
Jan 31st, 2025
Texas Stock Exchange Raises $161 Million, Sees 2026 Trading Start

TXSE Group Inc., parent company of the proposed Texas Stock Exchange, closed its initial fundraising round at $161 million and said the TXSE has filed for registration as a bourse with the US Securities and Exchange Commission.

Business Wire
Oct 9th, 2024
Dynasty Financial Partners Closes Minority Private Capital Raise

Dynasty Financial Partners today announced it closed a minority capital raise to fuel its ongoing growth. Several of Dynasty’s long-standing investors

Bloomberg
Oct 8th, 2024
BlackRock, JPMorgan Asset Back Dynasty Financial at $800 Million Valuation

Proceeds from minority raise will fund growth for Dynasty.

ETF.com
May 17th, 2024
Schwab RIA Boss Bernie Clark to Retire

Schwab RIA boss Bernie Clark to retire.

InvestmentNews
May 16th, 2024
Shakeup at Schwab as veteran leader Bernie Clark retires

Schwab also announced that Peter Crawford, chief financial officer since 2017, will retire after a 22-year career at Schwab.

Barron's
May 16th, 2024
Charles Schwab CFO to Retire Amid Executive Reshuffle

Peter Crawford, the company's chief financial officer, plans to retire and will be succeeded by former Citigroup executive Mike Verdeschi after a transition period, Schwab said Thursday.Joe Martinetto, the chief operating officer, will leave that role to become executive chairman of the Schwab Banks on June 28.

Business Wire
May 16th, 2024
Schwab Announces Executive Transitions

WESTLAKE, Texas--(BUSINESS WIRE)--The Charles Schwab Corporation today announced several executive transitions as part of the firm’s long-term succession planning strategy. Peter Crawford, after a distinguished 22-year career with the firm, including serving as Chief Financial Officer since 2017, has decided to retire from Schwab following a planned transition period. Crawford will be succeeded by Mike Verdeschi who will join the firm on May 20 as a Managing Director and Deputy Chief Financial Officer. The firm expects to appoint Verdeschi as Chief Financial Officer (CFO) following the transition period with Crawford. Effective June 28, 2024, Joe Martinetto will transition from his role as Chief Operating Officer to assume the role of Executive Chairperson of the Schwab Banks. Martinetto has served the firm, employees, and clients in multiple roles over the past 25-plus years, including roles as CFO and Treasurer