Charles Schwab Quantitative Developer in Chicago, Illinois

We believe that , when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck at over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Opportunity:

The Schwab Equity Ratings Department is a quant team located in Chicago which primarily focuses on domestic and international equity models. The Software Development Engineer position is part of the Schwab Equity Ratings Department’s Operations Team. The team’s primary objective is to ensure reliable model executions and dependable research data. In order to ensure reliable execution and dependable data, the Software Development Engineer will assist the team in designing and developing new features, controls and reports.

What you’ll do:

Create intuitive research interfaces and tools supported by clear documentation. Occasionally investigate data discrepancies or new data sources that would require querying data from SQL, the web or other sources. A successful candidate will be highly proficient in financial databases, experienced in high level languages (such as R, MATLAB, or python), moderately proficient in SQL and has a passion for investment research. This position is based in our 150 S. Wacker Dr. Chicago office location.

What you have:

  • Bachelor’s degree required. Degree in Finance, Financial Engineering, Statistics, Engineering, Computer Science, Math or related quant field highly preferred. Master’s degree in same fields and/or a CFA are a plus.

  • Familiarity with systematic and quantitative equity research models and back-testing.

  • Experience with investment/financial data. Hands-on experience with financial analysis and database systems and software such as FactSet, Bloomberg, Thomson Reuters QA Direct (Market QA), CRSP, Clarifi, or Zacks.

  • Experience with security mapping issues across financial data vendors

  • SQL querying experience a plus and an understanding of normalized data schemas.

  • Experience with R packages for financial applications or building libraries of useful tools using any scripting language.

  • Familiarity with portfolio analysis using financial statistics, time-series analysis, and factor-based research.

  • Software development experience

  • Must be methodical, detail-oriented, and able to manage the development reliably

  • Positive attitude, enthusiasm, professionalism and strong work ethic with high level of integrity

  • Excellent communication, problem solving, and presentation skills to influence and build consensus among your team members and senior leadership

  • Must be able to effectively interact with IT professionals

What you’ll get:

  • Comprehensive Compensation and Benefits package.

  • Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts.

  • Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program.

  • Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions.

  • Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships.

  • Not just a job, but a career, with an opportunity to do the best work of your life.

Learn more about Life@Schwab at .

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law.

Position Located In: IL - Chicago