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Director, Quantitative Risk Management (FASG Model Validation – Workday)


This is a Contract position in Riverview, FL posted December 3, 2019.

Purpose of JobWe are seeking a talented Director, Quantitative Risk Management for our San Antonio, TX, Phoenix, AZ or Tampa, FL facility.

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 market, credit and/or operational 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 objectives across multiple business units or Centers of Excellence.

Participates in and supports internal and external audits, regulatory reviews, and rating agency requests.

The individual provides oversight and direction to the model validation activities within the Enterprise Model Risk Management program.

Leads analytical capabilities and execution of USAAs enterprise-wide risk modeling validation activities which includes the process of managing emerging risks from the external environment.

Supports the USAA ERM departments responses to requests from Federal Reserve examiners and other regulators on matters pertaining to model validation.Job RequirementsABOUT USAAUSAA 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 for 13 years straight.

We embrace a robust veteran workforce and encourage veterans and veteran spouses to apply.ABOUT USAA RISK ManagementUSAA 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.See what it’s like to work for a company where your passion meets our purpose:USAA Careers 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.

May serve in a lead capacity in governance committees.

Interacts with internal and external stakeholders during audits, regulatory reviews and rating agency requests.

Manages vendor relationships and evaluates needs pertaining to workforce augmentation.

Educates risk owners on risk management best practices and may work with other risk functions in the development and implementation of risk controls.

MINIMUM REQUIREMENTS Bachelor’s degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or a related field required OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.

A minimum of 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 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.

3 years of direct team lead or management experience.Qualifications may warrant placement in a different job levelWhen 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 collaborating with key resources and stakeholders, influencing decisions and managing work to achieve strategic goals required.

Demonstrated understanding of advanced econometrics and statistics.

Experience with Life and Retirement business focused model building and/or validation is required with actuarial accreditations preferred.

Experience leading a Model Risk Management function at a financial institution.

Experience at a large financial institution, preferably in insurance and banking sectors, that is supervised by the Federal Reserve Board/OCC and major state regulators.

Demonstrated ability to communicate and influence at senior levels within the enterprise Strong written and oral communication skills, including the ability to communicate analyses to a non-technical audience.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.At USAA our employees enjoy one of the best benefits packages in the business, including a flexible business casual or casual dress environment, comprehensive medical, dental and vision plans, along with wellness and wealth building programs.

Additionally, our career path planning and continuing education will assist you with your professional goals.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 11/25/19 by 11:59 pm CST time.