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Quantitative Risk Analyst Lead - Bank (Model Risk and Governance)

Company: USAA
Location: Charlotte
Posted on: June 25, 2022

Job Description:

Purpose of Job The Quantitative Risk Analyst lead 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

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. 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.

This position is available in our San Antonio, TX, Plano, TX, Charlotte, NC or 100% Remote Work from Home availability.

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.

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 other quantitative discipline or 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.
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: BankingGeneral 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.

      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 *(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.

        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 not available for this position.

Keywords: USAA, Charlotte , Quantitative Risk Analyst Lead - Bank (Model Risk and Governance), Professions , Charlotte, North Carolina

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