Director, Quantitative Risk Management – Enterprise Risk Reporting (Remote Work Environment Available)

  • Full Time
  • Anywhere
  • Full Time
  • Anywhere

USAA

Location

San Antonio, Texas| Plano, Texas

Job ID R0056257

Purpose of Job

The Director, Quantitative Risk Management, as part of the Banks Enterprise Risk Management organization, will be responsible for building a central reporting function that will serve to enhance data aggregation and communications to Senior Leaders, the Board, etc. and aligns with regulatory guidance. The ideal candidate will have large financial experience designing overall ERM strategy as it relates to evaluation and reporting on adherence to Heightened Standards, risk aggregation activities, and reporting on the risk profile.

This position is available in the San Antonio Home Office, Plano or 100% Remote Work Environment.

Accountable for the development and mentoring of a high performing team that conducts and develops quantitative and analytic models, assessments and/or applications in support of risk management efforts that assess the risks of new and existing financial products. Influences processes at both the business unit and enterprise level and leads and sets the agenda for risk management deliverables. Responsible for influencing complex decisions at both the enterprise and business unit level utilizing advanced analytical results that assess future risks, opportunities, and effectiveness. Leads or provides direction to cross-functional teams to achieve enterprise objectives.

Job Requirements

About USAA

USAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.

In each of the past five years, we’ve been a top-40 Fortune 100 Best Companies to Work For, and we’ve ranked among Victory Media’s Top 10 Military Friendly Employers 13 years straight. We embrace a robust veteran workforce and encourage veterans and veteran spousesto apply.

USAA Careers – Award Winning Workplace (17 seconds)

USAA Careers World Class Benefits (31 seconds)

ABOUT USAA RISK Management

USAA is a growing financial services company and the Risk Management function at USAA is an important part of this growth. It is an exciting time at USAA and in our Risk Management organization. We are a diversified team of Risk professionals, working across all lines of business across USAA operations (banking, insurance, investments) seeing the incredible growth first-hand. Working at USAA in Risk Management affords you the ability to be a part of USAAs noble mission on a daily basis. We stand behind our 11 million members who rely on us every day.

  • Leads teams that utilize advanced analytics to assess future risk, opportunities, and effectiveness.
  • Translates results into meaningful solutions to enhance decision making.
  • Presents results to various levels of leadership and influences key decisions that have business unit or enterprise impact.
  • Utilizes industry best practices to quantify risk and aggregate exposures.
  • Oversees the development of complex systems and programs that measure aggregate risk exposures.
  • May oversee model validation and model governance efforts.
  • Applies innovative and scientific/quantitative analytical approaches to draw conclusions and make recommendations to answer business objectives and drive change.
  • Oversees the production of advanced analytical material for discussions with cross functional teams to understand complex business objectives and influences solution strategies.
  • Effectively communicates analytical results, findings and solutions to governance committees, senior leaders, regulatory bodies and the USAA Board of Directors.
  • Interacts with internal and external stakeholders during audits, regulatory reviews and/or rating agency requests.
  • Educates risk owners on risk management best practices and may work with other risk functions in the development and implementation of risk controls.

Minimum Experience

  • Bachelor’s degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or a related field. (4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree for a total of 12 years of experience with no degree)
  • 8 years related quantitative analysis experience in a discipline relevant to risk management to include statistical analysis, modeling, mathematics or other quantitative discipline OR advanced degree/designation in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline and 6 years of work experience in a quantitative discipline relevant to risk management OR PhD in Economics, Finance, Statistics, Mathematics, or other quantitative discipline and 4 years of work experience in a quantitative discipline relevant to risk management.
  • 3 years of direct team lead or management experience.

*Qualifications may warrant placement in a different job level*

When you apply for this position, you will be required to answer some initial questions. This will take approximately 5 minutes. Once you begin the questions you will not be able to finish them at a later time and you will not able to change your responses.

Preferred Experience

  • Experience designing overall ERM strategy as it relates to evaluation and reporting on the adherence to Heightened Standards, risk aggregation activities and reporting on the risk profile
  • Experience in a similar function in a large financial institution
  • Previous regulatory experience (OCC, FRB) with working knowledge of requirements
  • Experience building, executing and communicating on sustainable risk reporting to senior management committees and Board of Directors

The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.

Compensation:

USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is: $117,600.00 – $211,700.00 *(this does not include geographic differential it may be applied based on your work location)

Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.

*Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.

Shift premium will be addressed on an individual-basis for applicable roles that are consistently scheduled for non-core hours.

Benefits:

At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.

Please click on the link below for more details.

USAA Total Rewards

Relocation assistance is available for this position.

For Internal Candidates:

Must complete 12 months in current position (from date of hire or date of placement), or must have managers approval prior to posting.

Last day for internal candidates to apply to the opening is 1/25/21 by 11:59 pm CST time.

 


 

Tagged as: Quantitative Analysis

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Incluzion acts as your personal reference for your application, so let us know when you apply!


  • Begin your application by clicking the Apply button below, and be sure to reference Incluzion as a source while applying.
  • If you have not done so, add your resume to the Incluzion talent database to ensure you're connected with similar opportunities
  • Spread the word about Incluzion!

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