Asset Liability Management Advisor Senior

Purpose of Job

Serves as a key contributor in the design, implementation, and management of USAA Interest Rate Risk program responsible for related analysis, management, planning and reporting. Utilizes analytical tools and effective reporting to perform financial activities, including periodic reporting on interest rate risk metrics used to develop asset/liability or interest rate risk strategy for USAA Bank or at the Enterprise level. Utilizes good general knowledge of banking, investments or insurance products and related risk measures, particularly interest rate risk, optionality, correlations, and return on capital. Serves as a subject matter expert in the field of interest rate risk reporting and management for Banks or Bank Holding Companies, and internal and external auditors. Independently assesses and appropriately communicates changes in interest rate risk regulatory proposals and rules and will play a critical role in leading and performing interest rate risk management functions, and in achieving and maintaining interest rate risk compliance.

Develop economic and interest rate outlook and communicate changes across the Enterprise, interface with senior executives and provide market insight on changes in external outlook. Partner with risk areas to implement new models and develop scenarios reflecting current risks.

We are currently seeking a talented Senior Asset Liability Management Advisor for our San Antonio, TX location.

Job Requirements

  • Measures, monitors, and controls interest rate exposures for USAA Bank or at the enterprise level.
  • Partners with interest rate risk managers, Bank SFO and product managers to provide analytics and support for interest rate risk and product profitability models that assist in the development of strategic planning for USAA.
  • Develops and manages analytical models to explain the change in values of assets and liabilities, and provide attribution and sensitivity analyses for all inputs and assumptions that may drive gains or losses. 
  • Provides management with sufficient information to manage USAA Bank/Enterprise's interest rate risk process. 
  • Maintains the model(s) used to manage interest rate risk at the Bank or with Bank Holding companies.
  • Ensures all assumptions and inputs for interest rate risk modeling are consistently applied within the Bank or across the enterprise.
  • Performs model governance activities consistent with best practices and regulatory requirements.
  • Models, analyzes, and reports re pricing mismatches, basis risk, yield curve risk, and options risk.
  • Develops recommendations for hedging strategies to mitigate exposures in excess of tolerances.  
  • May generate Board of Directors Interest Rate Risk Management reporting packages such as quarterly CALM or monthly ALCO. 
  • May represent Treasury/Bank in collaboration with others such as Line of Business Interest Rate Risk Managers, Senior Financial Officers, Financial Planning and Analysis, External Reporting, Controllers, Project Management, and Risk Management across Bank and/or the Enterprise.  
  • Researches, analyzes, and communicates the requirements and impacts of regulations affecting interest rate risk management and reporting activities.
  • Maintains solid understanding of evolving regulatory requirements that may include OCC, FDIC, Basel III, ORSA and the Federal Reserve's regulations regarding interest rate risk management for U.S. savings and loans, holding companies, and the Dodd-Frank Act.
  • Maintains policies and procedures for Bank and Enterprise interest rate risk management.
  • Develops implementation strategies and recommendations, and serves as a subject matter expert on Enterprise and/or Bank implementation efforts.

Minimum Requirements

  • Bachelor's degree in Finance, Mathematics, Actuarial Science, Economics, Computer Science, or a related field required; Four additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
  • Six or more years of experience in a corporate treasury or finance position in banking.
  • Three years in a position directly related to asset liability management or interest rate risk management OR CFA designation OR Master's degree in Business, Finance, Statistics or other quantitative discipline.
  • Experience with large bank asset liability systems and industry standard software (such as QRM, Bancware, Kamakura, etc.).
  • Familiarity with the interest rate risk management requirements of a Bank Holding Company
  • Advanced mathematical skills and working knowledge as they relate to modeling and valuation of fixed income instruments and/or derivatives.
  • Advanced knowledge of Microsoft Office products including Excel, Word and PowerPoint.

*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.


  • Master’s or PhD in Economics or Finance, or MBA in Finance
  • Certified Financial Analyst (CFA) or FRM designation, or current CFA/FRM candidate
  • Experience building economic or financial models
  • Experience working with Hyperion, Essbase, Cognos, Bancware ALM5, QRM, other forecasting & ALM platforms.
  • Prior roles include economic modeling, developing market outlook or developing ALM strategy

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 package 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 posting.

Last day for internal candidates to apply to the opening is 6/25/18 by 11:59 pm CST time.