Quantitative Risk Analyst I, Asset Liability Management

Purpose of Job

The Quantitative Risk Analyst I 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.

We are currently seeking talented Quantitative Risk Analyst I, Asset Liability Management for our San Antonio, TX facility.

Job Requirements

  • 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

  • 4+ 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, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline AND 2+ years work experience in a quantitative discipline relevant to risk management OR PhD in Economics, Statistics, Mathematics, or other quantitative discipline
  • Bachelor's degree in Economics, Statistics, Mathematics, Actuarial Sciences or other quantitative discipline
  • Successful completion of an analyst assessment may be required


  • Extensive work experience in a position directly related to asset liability management or interest rate risk management in an insurance or banking institution.
  • Experience with bank or life insurance asset liability systems and industry-standard software (such as QRM, Bancware, Prophet, GGY Axis, Towers Watson etc.).
  • Certified Financial Analyst (CFA) designation or current CFA candidate.
  • Financial Risk Manager (FRM) designation or current FRM candidate.
  • Familiarity with bank, life and/or annuity product structures.
  • Fluent in all major areas of financial risk management to include income statement, balance sheet, liquidity, risk, capital, pricing and cash-flow modeling techniques
  • Strong knowledge of modeling and valuation of fixed income instruments and/or derivatives.
  • Masters or PhD in a quantitative discipline, or post graduate qualifications in a relevant field

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.