Sr. Manager, Investment Risk

Your opportunity At Schwab, you’re 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. We believe in the importance of in‑office collaboration and fully intend for the selected candidate for this role to work on site in the specified location. Schwab Asset Management (SAM) is a leading asset manager with over $1.7 trillion in assets under management across mutual funds, ETFs, and separately managed accounts. Our teams bring a disciplined, client‑first approach to developing investment solutions that meet evolving investor needs. As a Senior Manager on the Investment Risk team, you will play a key role in supporting model governance and risk management practices across a broad portfolio of investment strategies. You’ll partner closely with model owners, portfolio managers, and risk oversight teams to strengthen governance frameworks, enable effective use of quantitative tools, and enhance risk transparency. This role offers the opportunity to combine analytical expertise, collaboration, and influence to help deliver high‑quality investment outcomes for our clients. Key Responsibilities Partner with model owners to strengthen model risk management practices and ensure alignment with internal policies and external regulatory expectations Support the implementation and continuous improvement of model governance frameworks, including validation, monitoring, and documentation Act as a subject matter resource in model risk standards, policies, and procedures, helping teams navigate complex governance requirements Collaborate with Model Risk Oversight and other stakeholders to drive consistency and compliance across SAM models Contribute to the adoption and governance of quantitative tools, including emerging AI capabilities, ensuring responsible and effective usage Facilitate risk‑related audits and reviews by preparing documentation, coordinating responses, and supporting remediation efforts Maintain organized and accessible documentation to support model lifecycle management Identify opportunities to improve processes, remove barriers, and enhance efficiency for model owners and stakeholders Build strong partnerships across investment, risk, and business teams to promote a culture of risk awareness and accountability In addition to the salary range, this role is also eligible for bonus or incentive opportunities. What you have Required Qualifications 5+ years of experience in investment management, model risk management, or a related quantitative or risk discipline Demonstrated ability to apply risk management principles within asset management or financial services environments Strong analytical and critical thinking skills with the ability to interpret complex quantitative concepts Proven ability to communicate effectively with both technical and non‑technical stakeholders Experience collaborating across teams to drive alignment, solve problems, and deliver outcomes Ability to manage multiple priorities in a fast‑paced, evolving environment Proficiency with Microsoft Office tools (Excel, Word, PowerPoint, Outlook) Preferred Qualifications Experience supporting or implementing model governance frameworks or model risk management programs Familiarity with regulatory expectations related to model risk (e.g., SR 11‑7 or similar frameworks) Exposure to asset classes such as equities, fixed income, or multi‑asset strategies Experience working with investment or risk systems (e.g., Aladdin, FactSet, Morningstar, Bloomberg, Barra, or similar platforms) Programming or data analysis skills (e.g., Python, R, SQL) Experience supporting audits, validations, or model lifecycle management activities Strong facilitation or stakeholder management skills, with the ability to influence without authority Growth mindset with a demonstrated ability to learn new concepts and apply them in practice In addition to the salary range, this role is also eligible for bonus or incentive opportunities. What’s in it for you 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. Benefits 401(k) with company match and Employee stock purchase plan Paid time for vacation, volunteering, and 28‑day sabbatical after every five years of service for eligible positions Paid parental leave and family building benefits Tuition reimbursement Health, dental, and vision insurance #J-18808-Ljbffr Charles Schwab