Salary: USD $75,920 - $83,200 / Year
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. Throughout the 9-week paid internship on the Model Risk Oversight Team, there will be inspiring opportunities that welcome you into the Schwab culture and immerse you into your role. The interactive program focuses on a variety of opportunities which feature a business track project, an intern cohort project, learning activities, volunteering in the community, a dedicated intern leader, networking, and exploring your unique personal strengths! Come "challenge the status quo" for the Summer of 2025 and learn what is means to be the next generation of Schwab change makers!
Want more jobs like this?
Get jobs in Lone Tree, CO delivered to your inbox every week.
Model Risk Oversight (MRO) is a strategic function within the broader Corporate Risk Management umbrella that manages all quantitative and predictive modeling products to protect our clients and our company. The governance team within MRO plays a key role in establishing the program- creating policies and procedures, establishing reporting, ensuring our program is compliant with regulatory expectations. This role provides an opportunity to drive program requirements and creatively improve model risk management at Schwab.
What you have
We are looking for an individual to assist in developing the program and making sure we are aligned with regulatory guidance, industry practice, and enterprise policies. This role will be exposed to many components of the program and assist in:
- Maintaining, updating, and rolling out changes to our policies and procedures.
- Monitoring issue management for issues sourced by MRO.
- Planning and remediating issues assigned to MRO.
- Maintaining RCSA risks and controls.
- Performing risk assessments.
- Organizing and providing training on model risk program requirements.
- Supporting testing activities such as audits and control testing.
Preferred Qualifications:
- Pursuing a Bachelor's or Masters degree.
- Ability to work full time and be on-site at the Schwab Denver location during the 9-week program (June 9 to August 8, 2025)
- Knowledge of risk management concepts and program management.
- Knowledge of policies, standards, procedures and understanding of the impact when these documents are updated.
- Ability to communicate effectively, both orally and in writing, with varying levels of stakeholders.
Target Total Compensation - $36.50-$45.75/hour
Your actual pay will be based on your skills and experience -- talk with your recruiter to learn more.
#campus
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.