Lead Quantitative Risk Analyst - Enterprise Risk Reporting (Remote Work Environment Available)

POSTED ON 2/23/2021 AVAILABLE BEFORE 8/22/2021
USAA Hired Organization Address San Antonio, TX Remote Full Time

Job Posting for Lead Quantitative Risk Analyst - Enterprise Risk Reporting (Remote Work Environment Available) at USAA

Purpose of Job

The Quantitative Risk Analyst Lead, as part of the Bank’s Enterprise Risk Management organization, will be responsible for executing and delivering on the reporting functions 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 reporting on adherence to Heightened Standards, risk aggregation activities, and reporting on the risk profile, using platforms such as Oracle ESSbase, Tableau or BO.

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

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 quantitative analytics 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 business acumen related to core discipline(s), products and processes.

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 spouses to apply.

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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.

  • 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 Experience:

  • Bachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline. 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree. 
  • 8 years of 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 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.

*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:

  • Visualization and Automation experience
  • Extensive experience with Excel, SQL and SAS or similar statistical analysis language
  • Experience in project management (plans, statuses, issue management, change management) with cross functional teams (e.g., Risk, Business Lines, IT, Legal and Compliance, etc.)
  • Excellent documentation skills and understanding of the importance of documentation in a highly regulated environment
  • Risk and credit risk management experience in consumer banking
  • Experience with communicating in all functional areas and levels of management
  • A self-starter, independent and creative thinker, a problem solver that can collaborate

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.

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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 manager’s approval prior to posting.

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

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