Quantitative Risk Analyst Senior - Bank (Model Risk and Governance)
Company: USAA
Location: Riverview
Posted on: May 5, 2022
Job Description:
Purpose of JobThe Quantitative Risk Analyst senior is
responsible for model risk management, review and evaluate models
before they go to validation. This person will be responsible for
reviewing and documenting models across the organization. This
person will need to know and understand multiple modeling
techniques and have an ability to communicate effectively at all
levels. The MCOE (The Modeling Center of Excellence) is a dynamic,
collaborative environment that requires flexibility, versatility
and strong critical thinking and interpersonal skills.Community:
Risk Management Jobs that are part of a community have unique
requirements established to maintain consistent application, usage
and reporting structure. Please reach out to your HR Business
Partner for additional information on specific requirements prior
to posting and/or employee placement into this job. Provides risk
management support for a line of business or staff agency in key
risk identification, measurement and aggregation, and the
understanding and management of risk through appropriate
quantitative and analytical practices and processes. 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. Monitors the risk and control environment to ensure that
exposures are kept at acceptable levels and may consult on risk
mitigation plansThis position is available in our San Antonio, TX,
Plano, TX, Charlotte, NC or 100% Remote Work from Home
availability.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.Primary
Responsibilities:
- Utilizes advanced analytics to assess future risk,
opportunities, and effectiveness and translates results into
meaningful solutions to enhance decision making.
- Applies advanced knowledge and industry best practices to
quantify risk and aggregate exposures.
- Engages in model validation and produces model validation
reports.
- 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 colleagues for peer review and
management.
- Applies advanced knowledge to produce advanced analytical
material for discussions with cross functional teams to understand
complex business objectives and influence solution strategies.
- Provides mentorship to other team members in the peer review
process. Minimum Requirements:
- 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.
- 4 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 2 years work experience in a quantitative discipline relevant
to risk management. OR PhD in Economics, Finance, Statistics,
Mathematics, or other quantitative discipline.
- 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
- Laws and Regulations for illustrative purposes. Roles would
need an understanding of all federal and state laws and regulatory
guidance applicable to the organization and responsibilities of the
role.Preferred Experience:
- Experience with model risk management or direct modeling
- Expertise leading model governance related activities
- Strong understanding of machine learning methodologies
desirable
- Have a strong understanding of multiple modeling
techniques
- Ability to provide technical documentation to describe the use,
function, risk, and gaps in model review.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: $88,200.00 - $158,900.00 *(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
RewardsRelocation assistance is not available for this
position.
Keywords: USAA, Tampa , Quantitative Risk Analyst Senior - Bank (Model Risk and Governance), Accounting, Auditing , Riverview, Florida
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