Model Validator II

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 seeking a Model Validator II to join our team of model risk professionals. In this role, you will be responsible for model validation activities throughout the model life cycle, ensuring adherence to internal and external policies. Your responsibilities will include assessing model risks and presenting findings to partners through comprehensive reports. A Master's degree in Economics, Finance, Statistics, or Mathematics is helpful, along with knowledge of data science methods and proficiency in Python and R. CFA or FRM certification is a plus, and strong interpersonal skills are important for conveying information to diverse audiences.

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 :

Conducts independent model validation control activities for lower risk, in-house and vendor, models. Assists, under supervision and in collaboration with peers, on validation activities for models.

Applies routine validation testing to complete back-testing, diagnostic testing, sensitivity analysis, benchmarking, and other validation tests / analyses for models in collaboration with more senior level Validator.

Performs technical programs for validation testing of model development and implementation as part of the testing plan, including compiling and running source model code and validation-based testing code.

For lower risk models, reviews at a working experience level 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. Assesses the materiality of model changes and conducts model change validations for lower risk models.

Contributes, under supervision, to production of 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 and under supervision of other Validator. Assists, under direction, in evaluating 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.

2 years of related work experience in model validation, model development, statistical analysis, and / or advanced quantitative research.

Experience communicating, individually or collaborating with peers / teammates, verbally and in-writing quantitative / technical concepts to non-technical audiences.

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. Basic Working Experience with statistical, econometric, data science, and / 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 :

Master's degree with a focus on Economics, Finance, Statistics, or Mathematics.

Knowledge of Data Science methods, processes, algorithms.

Verifying the quality and accuracy of data before using machine learning models.

Background with coding in Python & R for analysis.

Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) Certification is a plus.

Solid communication, translating information effectively to a broad audience, both written and orally.

Compensation range : The salary range for this position is : $77,120 - $147,390 .

USAA does not provide visa sponsorship for this role. Please do not apply for this role if at any time (now or in the future) you will need immigration support (i.e., H-1B, TN, STEM OPT Training Plans, etc.).

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.

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.