Why USAA?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 OpportunityWe are seeking a Director of Credit Risk Stress Testing and Loss Forecasting with expertise in Loss Forecasting (CECL, CCAR, etc.) and validated experience in credit risk stress testing. The ideal candidate will excel in leading, mentoring, and developing credit risk professionals, along with possessing strong written and verbal communication skills.This position can work remotely in the continental U.S. with occasional business travel.Relocation assistance is available for this position.What you'll do:
Demonstrates industry leading practices and experienced analytical difficulty to lead assessments of risks and opportunities across the Bank’s consumer portfolios and translate results into strategic solutions.
Influences Bank risk strategy across lines of defense by optimally leading communications on analytical frameworks, predictive analytics, and data science insights to diverse and senior audiences such as management committees.
Leverages experienced knowledge to craft and develop quantitative analysis across departments and programs.
Proactively Identifies the need for and leads development of nuanced qualitative analysis that brings structure and clarity to ambiguous and challenging bank or enterprise problems.
Effectively challenges and recommends approval for credit, product, and/or risk proposals through detailed research and vetting, demonstrating banking product knowledge and critical thinking skills to ensure strong portfolio performance outcomes.
Responsible for development and maintenance of comprehensive risk reporting suite in support of management and committee oversight of existing and emerging risks.
Applies analytically derived insights to deliver strategic visions and decisions with significant impact to business results.
Demonstrates industry leading practices to integrate outstanding risk management programs and frameworks to identify, mitigate, measure, and monitor risk.
Optimizes work produced by the team by providing prioritization, mentorship, and thought leadership to team members regarding analytics and risk management.
Builds and leads all aspects of a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, mentor and support, performance management, and managerial activities.
May be accountable for quantitative model requirement definition and/or implementation of credit and/or financial modeling infrastructure.
What you have:
Bachelor's degree or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree
8 years experience in industry leading risk analytics, framework development, second line effective challenge, and risk governance. OR 6 years experience in industry leading risk analytics, framework development, second line effective challenge, and risk governance. with an advanced degree or equivalent experience in a quantitative, scientific, engineering, business or technical field OR an equivalent level of evidenced, demonstrated competencies in industry leading risk analytics, framework development, second line effective challenge, and risk governance.
3 years management, team or major initiative leadership experience.
3 years prior industry leading analytical experience in a financial services environment.
Experience influencing cross functional partners to action by communicating analytical insights and risk mitigating solutions.
Experience developing and improving a variety of risk related reporting.
Proven track record to provide effective challenge to senior leaders regarding risks and opportunities.
Experience leading, crafting and implementing effective risk management frameworks.
Experience coaching and guiding peers on analytics, and/or risk management.
Proven knowledge of relevant laws, rules and regulations, such as mentorship and requirements associated with OCC Heightened Standards.
Ability to ensure regulatory adherence across lines of defense.
Proven understanding of current analytical coding languages such as Python, SAS, or SQL.
What sets you apart:
7 – 9 years of large financial institutional dynamic risk management experience developing strategies, leading major risk initiatives, and delivering results within a matrix environment
Experience designing, building, maintaining, and implementing a forecasting infrastructure in support of quantitative loss estimations while also applying a prudent and structured qualitative framework to ensure appropriate loss estimates Credit Risk Stress Testing, and Credit Loss Forecasting
Experience addressing senior management-level audiences and committees with ability to quickly summarize and communicate topics to a non-technical audience
Deep understanding of credit risk performance drivers, statistical modeling, and analysis concepts
In-depth knowledge of risk frameworks, including risk governance; risk strategy; risk appetite; process, risk and control analysis; control effectiveness measurement; risk management coverage plan
Broad knowledge of the laws, rules and regulations governing large consumer banks
Proven leadership skills with ability to deepen relationships and build partnerships across lines of business and key functional support areas including first-line risk, financial management, audit services, and other areas of independent risk 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: $138,230 - $264,200 .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/staticassets/Media/enterprisehrcpranoticeatcollection.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.