Lead Quantitative Risk Analyst - Bank Model Development (Remote Work Environment Available)

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Posted 4 days ago United States Salary undisclosed
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Job Description

*Purpose of Job* Conducts and develops quantitative and analytic models, assessments and/or applications in support of risk management efforts that assess the market and identify risks and gaps in existing or proposed processes. Applies diverse methodologies and deep experience in a variety of disciplines to identify and solve complex and/or undefined risk problems. Works with leadership to remediate gaps and improvements identified between existing practices and regulatory requirements. Leads and executes complex initiatives and cross functional teams within the Chief Risk Office and across the Enterprise that drive problem resolution. Leverages broad enterprise knowledge and/or expert knowledge of core business discipline(s), products and processes. This position is available in our San Antonio, Phoenix, Plano, Charlotte, Chesapeake or Tampa locations or 100% Remote Work from Home..*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. 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 USAA's noble mission on a daily basis. We stand behind our 11 million members who rely on us every day..*Primary Responsibilities:* + Applies expert analytical knowledge to utilize advanced analytics to assess future risk and/or new risks, opportunities, and effectiveness. + Translates results into meaningful solutions to enhance decision making. + Presents findings to senior level leadership. + Applies expert knowledge and industry best practices to quantify risk and aggregate exposures. + Develops complex systems and programs that measure aggregate risk exposures. + Performs model validations and presents results to senior leadership. + Applies innovative and scientific/quantitative analytical approaches to draw conclusions and make recommendations to answer business objectives and drive change. + Translates recommendations into communication materials to effectively present to senior leadership. + Recommendations typically have a major impact on business results. + Provides subject matter expertise in operationalizing recommendations. + Applies expert knowledge to produce advanced analytical material to lead discussions with cross functional teams and senior leadership to understand complex business objectives and influence solution strategies. + Demonstrates thought leadership in cross functional team environments. + Drives and creates cross functional teams in support of initiatives that have significant impact to the enterprise or a core business area. + Provides direction and mentorship to other team members in the peer review process. + Expertly communicates analytical results, findings and solutions to governance committees and business process owners and influences business analysis..*Minimum Requirements:* + Bachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or a related field required.4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree. + 8 or more 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 or more years work experience in a quantitative discipline relevant to risk management Or PhD in Economics, Finance, Statistics, Mathematics, or other quantitative discipline and up to 4 years work experience in a quantitative discipline relevant to risk management..*Preferred Experience:* + Experience with model development or/and validation within a large financial institution. + Strong hands-on knowledge of econometric methods, including scoring models and survival analysis. + Experience with development, implementation, or validation of Loss Forecasting models, such as ALLL, Stress testing or CECL, on large loan-level data, + Strong coding skills with SAS, Python or R. + Demonstrated excellent communication and technical wiring skills (eg model documentation or validation report production experience) as well as prior experience in communication with second and third lines of defense and regulator + Knowledge of Machine Learning and AI methods 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..*If you are an existing USAA employee, please use the internal career site in OneSource to apply.*.*Please do not type your first and last name in all caps.*.*_Find your purpose. Join our mission._* USAA is unlike any other financial services organization. The mission of the association is to facilitate the financial security of its members, associates and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community. We do this by upholding the highest standards and ensuring that our corporate business activities and individual employee conduct reflect good judgment and common sense, and are consistent with our core values of service, loyalty, honesty and integrity. USAA attributes its long-standing success to its most valuable resource: our 35,000 employees. They are the heart and soul of our member-service culture. When you join us, you'll become part of a thriving community committed to going above for those who have gone beyond: the men and women of the U.S. military, their associates and their families. In order to play a role on our team, you don't have to be connected to the military yourself - you just need to share our passion for serving our more than 13 million members. USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.