Quantitative Risk Analyst I - Financial Risk

Purpose of Job

We are currently seeking a talented Quantitative Risk Analyst I- Financial Risk, for our San Antonio-TX or Phoenix-AZ facilities.

The Financial Risk oversight function independently oversees the Bank’s treasury and ALM (Asset Liability Management) activities including interest rate risk, liquidity risk, price risk, capital management, and earnings adequacy. The position requires understanding funds transfer and economic capital models. Requirements also include ability to assess and analyze financial trends with output communicated in financial dashboards and formally written assessments. This may include running and maintaining various financial models like an ALM model.

Job Requirements

Essential Job Functions:

  • Performs independent analysis of financial risk profiles and communicates in formally written assessments that capture quantity of risk and quality of risk management practices (Ex: assessment of liquidity risk management practices) as outlined in regulatory requirements 
  • Reviews and challenges key ALM model assumptions such as retail loan and investment pre-payment, non-maturity deposit, and new business assumptions
  • Reviews and evaluates Balance Sheet Management strategies
  • Develops clear and concise written analysis of  activities independently performed and communicates conclusions/findings to management committees as directed
  • Evaluates and effectively challenges Risk Appetite limits for interest rate risk, liquidity risk, price risk, and capital adequacy including underlying methodologies and risk budgets
  • Reviews sources and uses reports and independently concludes on the Bank’s liquidity positions
  • Reviews and challenges Bank policies/procedures related to financial risks
  • Contributes to financial risk profiles of proposed new products/services
  • Documenting all work processes and models used for Financial Risk purposes

Job Description Summary

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 practices and processes. Assesses and mitigates enterprise and business un exposures through the identification of key and emerging risks and evaluates alignment with risk strategy and appetite. Monitors the risk and control environment to ensure that exposures are kept at acceptable levels and may consult on risk mitigation plans.

  • Utilizes advanced analytics to assess future risk, opportunities, and effectiveness.
  • Translates results into meaningful solutions to enhance decision making.
  • May present findings to various levels of leadership.
  • Utilizes industry best practices to quantify risk and aggregate exposures.
  • Develops complex systems and programs that measure aggregate risk exposures.
  • May engage in model validation and/or produce model validation reports.
  • Applies innovative and scientific/quantitative analytical approaches to draw conclusions and make recommendations to answer business objectives and drive change using developed knowledge.
  • May translate recommendations into communication materials to effectively present to colleagues for peer review and management.
  • Produces advanced analytical material for discussions with cross functional teams to understand complex business objectives and influence solution strategies.
  • Communicates analytical results, findings and solutions to governance committees and business process owners and influences business analysis.
  • May create statistical reporting and financial analysis to forecast results for required stress test scenarios.
  • Analyzes and challenges stress testing results and partners with relevant functions to validate those results.

Minimum Requirements

  • Bachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline required. 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
  • 4 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 2 or more years work experience in a quantitative discipline relevant to risk management; Or PhD in Economics, Finance, Statistics, Mathematics, or other quantitative discipline
  • Successful completion of an analyst assessment may be required

*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.


  • 3+ years banking experience (Industry-related analytical experience in interest rate risk/capital/ liquidity management, profitability analysis, product pricing, corporate finance OR other relevant disciplines)
  • Working knowledge in financial regulatory requirements and OCC specific rules/guidance (i.e. Investments, IRR, Liquidity, Capital)
  • Demonstrated experience in aggregating and analyzing various types of data with output to dashboards AND/OR written assessments
  • Strong working knowledge of statistical tools (Essbase, Hyperion, or SAS)
  • Chartered Financial Analyst (CFA)
  • Financial Risk Manager (FRM)

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 01/09/18 by 11:59 pm CST time.