Director, Quantitative Risk Management (ALM)

Purpose of Job

We are currently seeking talented Director, Quantitative Risk Management for our Plano, TX facility.

Accountable for the development and mentoring of a high performing team that conducts and develops quantitative and analytic models, assessments and/or applications in support of risk management efforts that assess the market, credit and/or operational 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 deliverables. Responsible for influencing complex decisions at both the enterprise and business unit level utilizing advanced analytical results that assess future risks, opportunities, and effectiveness. Leads or provides direction to cross-functional teams to achieve objectives across multiple business units or Centers of Excellence. Participates in and supports internal and external audits, regulatory reviews, and rating agency requests.

Job Requirements

  • Leads teams that utilize advanced analytics to assess future risk, opportunities, and effectiveness.
  • Translates results into meaningful solutions to enhance decision making.
  • Presents results to various levels of leadership and influences key decisions that have business unit or enterprise impact.
  • Utilizes industry best practices to quantify risk and aggregate exposures.
  • Oversees the development of complex systems and programs that measure aggregate risk exposures.
  • May oversee model validation and model governance efforts.
  • Applies innovative and scientific/quantitative analytical approaches to draw conclusions and make recommendations to answer business objectives and drive change
  • Oversees the production of advanced analytical material for discussions with cross functional teams to understand complex business objectives and influences solution strategies.
  • Effectively communicates analytical results, findings and solutions to governance committees, senior leaders, regulatory bodies and the USAA Board of Directors.
  • May serve in a lead capacity in governance committees.
  • Interacts with internal and external stakeholders during audits, regulatory reviews and rating agency requests.
  • Manages vendor relationships and evaluates needs pertaining to workforce augmentation.
  • Educates risk owners on risk management best practices and may work with other risk functions in the development and implementation of risk controls.
  • Performs all other tasks as needed.

Minimum Requirements

  • Bachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or a related field required; Or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
  • 8 or more 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 6 or more 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.
  • 3 or more years of direct team lead or management experience.

*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.

Preferred

  • Previous asset liability management
  • Previous work experience in a federally regulated environment
  • Previous experience working in treasury

***Selected candidates will attend and complete the Management Development School program in San Antonio, TX, during their first six months in position.***

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.

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 12/13/18 by 11:59 pm CST time.