Director, Quantitative Risk Management (Operational Risk Management)
Posted on: October 18, 2020
Purpose of JobWe are seeking a talented Director, Quantitative
Risk Management (Operational Risk Management) for our San Antonio,
TX, Plano, TX, Tampa, FL, Colorado Springs, CO or Phoenix, AZ
This position will lead the Enterprise Operational Risk Management
(EORM) team responsible for operational loss data, scenario
analysis, EORM risk appetite and KRIs.
Accountable for the development and mentoring of a high performing
team that conducts and develops quantitative and analytic models,
assessments and/or applications in support of risk management
efforts that assess the risks of new and existing financial
products. Influences processes at both the business unit and
enterprise level and leads and sets the agenda for risk management
deliverables. Responsible for influencing complex decisions at both
the enterprise and business unit level utilizing advanced
analytical results that assess future risks, opportunities, and
effectiveness. Leads or provides direction to cross-functional
teams to achieve enterprise objectives.Job RequirementsAbout
USAAUSAA knows what it means to serve. We facilitate the financial
security of millions of U.S. military members and their families.
This singular mission requires a dedication to innovative thinking
at every level.In each of the past five years, we've been a top-40
Fortune 100 Best Companies to Work For , and we've ranked among
Victory Media's Top 10 Military Friendly Employers 13 years
straight. We embrace a robust veteran workforce and encourage
veterans and veteran spouses to apply.ABOUT USAA RISK
ManagementUSAA is a growing financial services company and the Risk
Management function at USAA is an important part of this growth. It
is an exciting time at USAA and in our Risk Management
organization. We are a diversified team of Risk professionals,
working across all lines of business across USAA operations
(banking, insurance, investments) seeing the incredible growth
first-hand. Working at USAA in Risk Management affords you the
ability to be a part of USAA s noble mission on a daily basis. We
stand behind our 11 million members who rely on us every day. (17
seconds) (31 seconds)PRIMARY RESPONSIBILITIES
- Leads teams that utilize advanced analytics to assess future
risk, opportunities, and effectiveness.
- Translates results into meaningful solutions to enhance
- Presents results to various levels of leadership and influences
key decisions that have business unit or enterprise impact.
- Utilizes industry best practices to quantify risk and aggregate
- Oversees the development of complex systems and programs that
measure aggregate risk exposures.
- May oversee model validation and model governance efforts.
- Applies innovative and scientific/quantitative analytical
approaches to draw conclusions and make recommendations to answer
business objectives and drive change.
- Oversees the production of advanced analytical material for
discussions with cross functional teams to understand complex
business objectives and influences solution strategies.
- Effectively communicates analytical results, findings and
solutions to governance committees, senior leaders, regulatory
bodies and the USAA Board of Directors.
- Interacts with internal and external stakeholders during
audits, regulatory reviews and/or rating agency requests.
- Educates risk owners on risk management best practices and may
work with other risk functions in the development and
implementation of risk controls.MINIMUM REQUIREMENTS
- Bachelor's degree in Economics, Finance, Statistics,
Mathematics, Actuarial Sciences, or a related field OR 4 additional
years of related experience beyond the minimum required may be
substituted in lieu of a degree.
- A minimum of 8 years (12 years if no degree) 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, Finance, Statistics, Mathematics, Actuarial Sciences, or
other quantitative discipline and 6 years of work experience in a
quantitative discipline relevant to risk management; OR PhD in
Economics, Finance, Statistics, Mathematics, or other quantitative
discipline and 4 years of work experience in a quantitative
discipline relevant to risk management.
- A minimum of 3 years of direct team lead or management
experience.*Qualifications may warrant placement in a different job
level*When you apply for this position, you will be required to
answer some initial questions. This will take approximately 5
minutes. Once you begin the questions you will not be able to
finish them at a later time and you will not able to change your
- Prior experience leading a function responsible for operational
loss data capture, analysis and reporting.
- Advanced knowledge and experience leading operational risk
- Prior experience quantifying operational risk and monitoring
relative to established operational risk appetite.
- Advanced knowledge of operational risk capital modeling and
stress testing projections.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.Relocation assistance is available for this
position.For Internal Candidates:Must complete 12 months in current
position (from date of hire or date of placement) or must have
manager s approval prior to posting. Associated topics: budget,
cfa, corporate banking, cpa, equity trading, financial, financial
planning, invest, investor, pay
Keywords: USAA, Denver , Director, Quantitative Risk Management (Operational Risk Management), Executive , Monument, Colorado
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