Quantitative Risk Analyst (Stress Testing) - Lead level
Location: San Antonio
Posted on: May 20, 2019
Purpose of Job We are seeking a talented Quantitative Risk Analyst
(Stress Testing) Lead Level for our San Antonio, TX facility.
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 a variety of disciplines 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/or expert knowledge of core business
discipline(s), products and processes. Job Requirements ABOUT
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 for 13 years straight. We
embrace a robust veteran workforce and encourage veterans and
veteran spouses to apply.
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.
See what it's like to work for a company where your passion meets
- Applies expert analytical knowledge to utilize advanced
analytics to assess future risk and/or new risks, opportunities,
- Translates results into meaningful solutions to enhance
- 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
- Performs model validations and presents results to senior
- 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
- Provides subject matter expertise in operationalizing
- 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
- Demonstrates thought leadership in cross functional team
- 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.
- A minimum of 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 an advanced degree/designation in Economics,
Finance, Statistics, Mathematics, Actuarial Sciences, or other
quantitative discipline and 6+ years of work experience in a
quantitative discipline relevant to risk management; OR a PhD in
Economics, Finance, Statistics, Mathematics, or other quantitative
discipline and 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 be able to change your responses.
- Strong modeling and quantitative analytics skills including the
introduction of models in systems that drive reserve and loss
- Proficiency in statistical programming skills, such as in SAS
- Strong verbal communication skills and project management
skills. Expect to interact with internal and external stakeholders
include auditors, regulators from the OCC, Federal Reserve, FDIC as
well as Board of Directors and Risk Committees as needed.
- Strong writing skills. Able to document and write materials at
the expectation to be delivered at the level of Board of Directors
- Leads the execution of a strong CRO quantitative effective
challenge framework for Bank Loss Reserve and CECL utilizing
internally developed or industry models.
- Sets the agenda, lead high-performing teams, and sells the
vision. Ensures mentoring and coaching junior analysts.
- CFA or FRM a plus
- Model development or validation experience with DFAST and
- Knowledge in scorecard building or PD/LGD/EAD modeling for
credit related products.
- Considerable knowledge of various regression techniques,
parametric and non-parametric algorithms, times series techniques,
and other statistical models, various model validation tests and
USAA's most valuable resource is our 28,000 employees. We promote a
culture of diversity and inclusion, encouraging varied perspectives
Our team enjoys world-class benefits, pay and highly competitive
reward opportunities, including comprehensive healthcare, wellness
and wealth building programs, employee resource groups, 401K
matching dollar-for-dollar up to 8% of pay, career planning and
We promote a strong work-life balance with a variety of on-site
services and conveniences depending on location, including a
daycare, health center and pharmacy, multiple dining options,
company stores, covered parking and free fitness centers. USAA is a
casual dress environment.
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.
USAA also offers a variety of on-site services and conveniences to
help you manage your work and personal life, including seven
cafeterias, two company stores and three fitness centers.
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
Last day for internal candidatesto apply to the opening is 04/11/19
by 11:59 pm CST time.
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Keywords: USAA, Austin , Quantitative Risk Analyst (Stress Testing) - Lead level, Accounting, Auditing , San Antonio, Texas
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