Job ID: 0103-11212
Charles Schwab has been a leader in financial services for nearly four decades, working to make investing more affordable, accessible and understandable to all. Driven by our purpose to champion every client’s goals with passion and integrity, we’re committed to providing an environment that respects and appreciates the diversity of our employees, our clients, and the communities we serve. Our goal, as seen through clients'' eyes, is that Schwab continuously improves on being a premier financial service provider through best in class service, technology, products, people and advice.
To serve growing client needs, Schwab is seeking a qualified professional to assist with the ongoing execution of quantitative equity models and the implementation of new/revised models developed by our Chicago-based equity research department. Within the department, the Research & Development team develops quantitative models to forecast long-term relative returns of individual stocks, industry groups, and countries on a global basis. The Research Applications team provides guidance to Schwab’s individual investor clients and their advisors for using these equity research tools to improve portfolio outcomes.
Brief Description of Role:
The Equity Model Performance Analyst will provide analytic assistance to the Research Applications team in the three primary areas: Model performance analysis – Help analyze ongoing Schwab model performance and provide timely performance attribution insights that help model users understand the interplay between current market performance, model performance, and portfolio performance. Equity strategy performance analysis – Help analyze the historical performance of stock selection strategies that use Schwab models as a component of the client decision-making process and equity portfolio strategies that use Schwab models as the primary driver of the decision-making process. Model usage guidance – Help encourage proper client use of Schwab models and research tools by helping prepare model usage documentation, training materials, model performance reports, and answering performance-related client questions.
2-5 years of experience analyzing equity model and portfolio performance is preferred, including knowledge of metrics for measuring model predictive power, statistical significance, risk attribution, portfolio strategy alpha and beta, etc. Hands-on experience with financial analysis and database systems such as FactSet, Clarifi, Quantitative Analytics, Axioma, Zacks, SQL, and SAS is strongly preferred. Must be detail-oriented, methodical, and able to execute research projects and summarize results in a user-friendly manner. Ideal personal qualities include a passion for investing, a client-first mindset, strong communication skills, and ability to work independently and within a team. Bachelor’s degree required in a quantitative field such as finance, accounting, engineering, statistics, or information technology; MBA and/or CFA a plus.
Relocation Offered? No
Work Schedule Days
Languages English - spoken
Current Licenses / Certifications None
Relevant Work Experience Financial Services-2-5 yrs
Position Located In IL - Chicago
Job Type Full Time
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