Audit - Model Validator Lead
USAA
**Why USAA?**
Let’s do something that really matters.
At USAA, we have an important mission: facilitating the financial security of millions of U.S. military members and their families. Not all of our employees served in our nation’s military, but we all share in the mission to give back to those who did. We’re working as one to build a great experience and make a real impact for our members.
We believe in our core values of honesty, integrity, loyalty and service. They’re what guides everything we do – from how we treat our members to how we treat each other. Come be a part of what makes us so special!
**The Opportunity**
As a dedicated Audit - Model Validator Lead you'll execute 3rd Line of Defense Model Risk Audit Oversight for the life-cycle management of models for high risk and highly complex models. Executes the model audit review process compliant with the written risk and compliance policies and procedures which require independence.
We offer a flexible work environment that requires an individual to be **in the office 4 days per week.** This position can be based in one of the following locations: San Antonio, TX; Plano, TX; Tampa, FL or Charlotte, NC. Relocation assistance is available for this position.
**What you'll do:**
+ Oversees and conducts independent third line of defense model risk audit activities for high visibility, critical and/or specialized models. Utilizes expert business and technical model and model risk knowledge to conduct highly specialized model review activities for models that leverage cutting edge techniques that require specialized credentials, and models that have higher enterprise visibility and risk.
+ Leverages specialized technical approaches to develop, implement, and execute model testing plans for models that require expert model risk knowledge and skills.
+ Develops plans, reviews peers' plans and provides feedback on model tests and data quality assessments for models using various types of datasets including those leveraging large datasets and unstructured datasets.
+ Reviews at a subject matter expert level the end-to-end life-cycle management of model development, implementation, ongoing monitoring, and use in areas of Banking and Insurance (Property & Casualty and Life) along with their corresponding business support functions and operational processes.
+ Responsible for assessing model governance processes including model inherent risk ratings, model declassifications applications, materiality of model changes, and other reviews of model validations as part of model -related governance audit.
+ Produces and delivers model workpapers and related model review documentation to model risk audit management, model stakeholders, senior leadership, and others for high visibility, critical and/or specialized models. Provides review of audit work produced by peers in preparation of workpaper issuance.
+ Reports model review results and model risk trends/metrics to Audit leadership.
+ Executes the independent model audit process compliant with the written risk and compliance policies and procedures at a subject matter expert level. Evaluatesmodel development, implementation, and use as it pertains to elements of model conceptual soundness, model assumptions, modeling methodology, model limitations, data quality, ongoing monitoring, and other more complex elements of the model developmentprocess.
+ Interacts with internal and external peers including model developers and validators for awareness and applicability of cutting-edge techniques, technologies, and potential business solutions while continuing to professionally develop and knowledge share emerging modeling techniques and approaches.
**What you have:**
+ Bachelor's degree in a quantitative field, such as Economics, Mathematics, Statistics, Actuarial Science, Data Science, Engineering, Computer Science, or a Related Field with Core Quantitative Curriculum. Four additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
+ 8 years of related work experience in model validation, model development, model audit, statistical analysis, advanced quantitative research and/or within a model audit function OR
+ Advanced degree (e.g., Master's, PhD) in a quantitative field, such as Economics, Mathematics, Statistics, Actuarial Science, Data Science, Engineering, Computer Science, or Related Field with Core Quantitative Curriculum and 6 years of related work experience in model validation, model development, statistical analysis, and/or advanced quantitative research.
+ Strong experience communicating complex quantitative/technical concepts and conclusions to senior leadership, auditors, and/or regulators.
+ Strong understanding or proficiency in programming languages for the iterative methodological tenants of model and algorithm development including setting model specifications, assumption testing, data quality assessments, variable selection, back-testing, benchmarking, and other robust model testing. Subject Matter Depth and Breadth with some of the following statistical, econometric, data science, and predictive modeling approaches: Unsupervised Learning; K-Means; Linear Regression; Time-Series/Forecasting; Stress Testing; Logistic Regression; Gaussian Process; Simulation Models; Boosting/Bagging Trees; Neural Networks; Deep Learning Concepts; Bayesian Estimators.
+ Strong business context knowledge in operational and support functions of Banking and/or Insurance as well as associated modeling and analytics knowledge.
+ Business and industry acumen in modeling governance techniques and approaches.
+ Experience sharing modeling governance technical expertise and guidance with peers.
**What sets you apart:**
+ Advanced Degree with 8+ years of experience in Model Development & implementation, Model Validation or Model Audit space.
+ Deep knowledge and experience with SR 11-7 and/or ASOP 56
+ Experience in monitoring and tracking emerging trends and best practices in model risk management, and assessing their impact on a portfolio of models or thematically across model risk.
+ Demonstrated experience preparing effective documentation and presenting to various levels of management.
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.
**What we offer:**
**Compensation:** USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market data of the position. The actual salary for this role may vary by location. The salary range for this position is: $158,960 - $303,830 **.** Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.
**Benefits:** At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.
For more details on our outstanding benefits, please visit our benefits page on USAAjobs.com.
_Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. Thus, interested candidates are encouraged to apply the same day they view this posting._
_USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran._
**If you are an existing USAA employee, please use the internal career site in OneSource to apply.**
**Please do not type your first and last name in all caps.**
**_Find your purpose. Join our mission._**
USAA is unlike any other financial services organization. The mission of the association is to facilitate the financial security of its members, associates and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community. We do this by upholding the highest standards and ensuring that our corporate business activities and individual employee conduct reflect good judgment and common sense, and are consistent with our core values of service, loyalty, honesty and integrity.
USAA attributes its long-standing success to its most valuable resource: our 35,000 employees. They are the heart and soul of our member-service culture. When you join us, you'll become part of a thriving community committed to going above for those who have gone beyond: the men and women of the U.S. military, their associates and their families. In order to play a role on our team, you don't have to be connected to the military yourself – you just need to share our passion for serving our more than 13 million members.
USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.
California applicants, please review our HR CCPA - Notice at Collection (https://statmcstg.usaa.com/mcontent/static\_assets/Media/enterprise\_hr\_cpra\_notice\_at\_collection.pdf) here.
USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.
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