Director, Quantitative Risk Management - Bank

Purpose of JobAbout 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 is seeking a talented Director, Quantitative Risk Management. This is a Hybrid role located in San Antonio TX, Phoenix AZ, or Charlotte NC. You must be within commutable distance within one of these offices.

Community: Risk Management Jobs that are part of a community have unique requirements established to maintain consistent application, usage and reporting structure. Accountable for the development and mentoring of an impactful 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 results. Responsible for influencing complex decisions at both the enterprise and business unit level using advanced analytical results that assess future risks, opportunities, and effectiveness. Leads or provides direction to cross-functional teams to achieve enterprise objectives.

Job Requirements

Leads teams that apply advanced analytics to assess future risk, opportunities, and efficiency.

Translates results into relevant solutions to enhance decision making.

Presents results to various levels of leadership and influences key decisions that have business unit or enterprise impact.

Applies industry standard processes to quantify risk and aggregate exposures.

Supervises the development of sophisticated systems and programs that measure aggregate risk exposures.

May coordinate model validation and model governance efforts.

Applies innovative and scientific/quantitative analytical approaches to draw conclusions and make recommendations to answer business objectives and inspire change.

Leads all aspects of the production of advanced analytical material for discussions with cross functional teams to understand complex business objectives and influences solution strategies.

Successfully communicates analytical results, findings and solutions to governance committees, senior leaders, regulatory bodies and the USAA Board of Directors.

Interacts with internal and external collaborators during audits, regulatory reviews and/or rating agency requests.

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


Minimum Requirements:


8 years related quantitative analysis experience in a field relevant to risk management to include statistical analysis, modeling, mathematics or other quantitative subject area; OR advanced degree/designation in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative subject area and 6 years of work experience in a quantitative field relevant to risk management; OR PhD in Economics, Finance, Statistics, Mathematics, or other quantitative field and 4 years of work experience in a quantitative field relevant to risk management.

3 years of develop team lead or management experience.

Knowledge of federal regulation 12 CFR Part 30, including Appendices A and D and with federal supervisory guidance, to include:

OCC Documents: Large Bank Supervision Handbook; OCC Safety and Soundness Handbooks - Internal Controls, Corporate & Risk Governance, Retail Lending; and key OCC bulletins - Model Risk Governance, Model Risk Management, New Products and Services Risk Management, Third Party Risk Management, Technology Risk Management, Stress Testing, and Operational Risk

Federal Reserve Documents: Consolidated Supervision Framework for Large Financial Institutions; Federal Reserve Board Bank Holding Company Supervision Manual

FFIEC Manuals and Handbooks to include: Banking

General understanding of federal laws, rules, and regulations, to include: CRA; ECOA; FCRA; MLA; SCRA; Regulation DD; Regulation E; Regulation Z; BSA/AML; and UDAP/UDAAP


Preferred Experience:


Strong people leadership

Experience with data warehousing

Experience with Data Governance

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-$211,700.
*
(link removed)>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.

To see details on our outstanding benefits, visit
USAA Total Rewards.


Relocation assistance is available for this position.






USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.