Why USAA?

At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted advice. We seek to be the #1 choice for the military community and their families.

Embrace a fulfilling career at USAA, where our core values – honesty, integrity, loyalty and service – define how we treat each other and our members. Be part of what truly makes us special and impactful.

The Opportunity

We are looking for a Bank Model Validator I who possesses experience in SAS and/or Python, coupled with a proven grasp of econometric modeling techniques. The ideal candidate should have a background in developing or validating models used in various bank modeling exercises, including stress testing, reserving, asset liability management, deposit forecasting, or pricing. Strong communication skills are important to communicate effective challenge of models within reports and present key findings gained from independent test work. Join our team to contribute to an impactful mission within an encouraging culture.

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, Phoenix, AZ, Colorado Springs, CO, Charlotte, NC, Chesapeake, VA or Tampa, FL.

Relocation assistance is not available for this position.

What you'll do:

Performs independent model validation for lower risk, in-house and vendor, models. Conducts validation activities for low-risk, in-house models, and assists, under supervision and in collaboration with peers, on higher risk, vendor models.Conducts back-testing, diagnostic testing, sensitivity analysis, benchmarking, and other validation tests/analyses on lower risk models; collaborates with senior-level colleagues for higher risk models.Implements and assists in replicating model development and may help develop challenger models through principles of predictive modeling, machine learning, time-series modeling/forecasting, stress testing, heuristic models, actuarial models, and/or other techniques.Reviews the end-to-end life-cycle management of model development, implementation, ongoing monitoring, and use in areas of Banking along with their corresponding business support functions and operational processes.Assesses the materiality of model changes and conducts model change validations.Produces and delivers validation reports and related validation work to model validation management and model partners.Drives the independent model validation process aligned with the written risk and compliance policies and procedures at a working experience level. Evaluates model risk control strengths around model development, implementation, and use.

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.4 years of related work experience in model validation, model development, statistical analysis, and/or advanced quantitative research. 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 2 years of related work experience in model validation, model development, statistical analysis, and/or advanced quantitative research.Experience presenting verbally and in-writing quantitative/technical concepts and conclusions to non-technical audiences and senior leadership.Proficient programming skills in R, Python, SAS, Java, C, SQL, and/or other comparable 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.Working Experience with statistical, econometric, data science, or predictive modeling approaches including: Linear Regression; Time-Series/Forecasting; Logistic Regression; Machine Learning. Business context knowledge in operational and support functions of Banking and/or Insurance as well as associated modeling and analytics knowledge.

What sets you apart:

Experience with common modeling program languages such as SAS or PythonExperience developing and/or validating models using common econometric modeling techniques such as logistic regression, ols, and time series methods.Experience developing and/or validating machine learning and/or artificial intelligence (AI/ML) modelsExperience working with common bank modeling exercises such as stress testing, reserving, asset/liability management, deposit forecasting, pricing, or credit origination.Strong interpersonal and written communication skillsPost-graduate degree in a quantitative field.

Compensation range: The salary range for this position is: $93,770 - $179,240.

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.

 

Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.

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.

 

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, 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.