Asset Liability Management Advisor Senior
Posted on: June 12, 2021
Purpose of Job We are seeking a talented Asset Liability
Management Advisor Senior for our San Antonio, Colorado Springs,
Phoenix or Tampa facility. This person may also work remotely in a
100% Remote Work Environment.
Serves as a key contributor in the design, implementation, and
management of USAA Interest Rate Risk program responsible for
related analysis, management, planning and reporting. Utilizes
analytical tools and effective reporting to perform financial
activities, including periodic reporting on interest rate risk
metrics used to develop asset/liability or interest rate risk
strategy for USAA Bank or at the Enterprise level. Utilizes good
general knowledge of banking, investments or insurance products and
related risk measures, particularly interest rate risk,
optionality, correlations, and return on capital. Serves as a
subject matter expert in the field of interest rate risk reporting
and management for Banks or Bank Holding Companies, and internal
and external auditors. Independently assesses and appropriately
communicates changes in interest rate risk regulatory proposals and
rules and will play a critical role in leading and performing
interest rate risk management functions, and in achieving and
maintaining interest rate risk compliance.
USAA 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.
USAA Careers World Class Benefits (31 seconds)
Measures, monitors, and controls interest rate exposures for USAA
Bank or at the enterprise level. Partners with interest rate risk
managers, Bank SFO and product managers to provide analytics and
support for interest rate risk and product profitability models
that assist in the development of strategic planning for USAA.
Develops and manages analytical models to explain the change in
values of assets and liabilities, and provide attribution and
sensitivity analyses for all inputs and assumptions that may drive
gains or losses. Provides management with sufficient information to
manage USAA Bank/Enterprise's interest rate risk process.
Maintains the model(s) used to manage interest rate risk at the
Bank or with Bank Holding companies. Ensures all assumptions and
inputs for interest rate risk modeling are consistently applied
within the Bank or across the enterprise. Performs model governance
activities consistent with best practices and regulatory
Models, analyzes, and reports re pricing mismatches, basis risk,
yield curve risk, and options risk. Develops recommendations for
hedging strategies to mitigate exposures in excess of tolerances.
May generate Board of Directors Interest Rate Risk Management
reporting packages such as quarterly CALM or monthly ALCO. May
represent Treasury/Bank in collaboration with others such as Line
of Business Interest Rate Risk Managers, Senior Financial Officers,
Financial Planning and Analysis, External Reporting, Controllers,
Project Management, and Risk Management across Bank and/or the
Researches, analyzes, and communicates the requirements and impacts
of regulations affecting interest rate risk management and
reporting activities. Maintains solid understanding of evolving
regulatory requirements that may include OCC, FDIC, Basel III, ORSA
and the Federal Reserve's regulations regarding interest rate risk
management for U.S. savings and loans, holding companies, and the
Maintains policies and procedures for Bank and Enterprise interest
rate risk management.
Develops implementation strategies and recommendations, and serves
as a subject matter expert on Enterprise and/or Bank implementation
Bachelor's degree in Finance, Mathematics, Actuarial Science,
Economics, Computer Science, or a related field required OR 4
additional years of related experience beyond the minimum required
may be substituted in lieu of a degree.
6 or more years of experience in a corporate treasury or finance
position in banking.
3 years in a position directly related to asset liability
management or interest rate risk management OR CFA designation OR
Master's degree in Business, Finance, Statistics or other
Experience with large bank asset liability systems and industry
standard software (such as QRM, Bancware, Kamakura, etc.).
Familiarity with the interest rate risk management requirements of
a Bank Holding Company.
Advanced mathematical skills and working knowledge as they relate
to modeling and valuation of fixed income instruments and/or
Advanced knowledge of Microsoft Office products including Excel,
Word and PowerPoint.
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 be able to change your responses.
Experience maintaining processes and reporting for internal funds
transfer pricing across Bank products.
Prior conceptual and operational experience strongly preferred.
Working knowledge of OFSAA (Oracle).
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.
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
position. The salary range for this position is: $97,200 -
$175,000*( this does not include geographic differential it may be
applied based on your work location)
Employees may be eligible for pay incentives based on overall
corporate and individual performance or at the discretion of the
USAA Board of Directors.
Shift premium: will be addressed on an individual-basis for
applicable roles that are consistently scheduled for non-core
- Geographical Differential: Geographic pay differential is
additional pay provided to eligible employees working in locations
where market pay levels are above the national average.
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
Please click on the link below for more details.
USAA Total Rewards
Relocation assistance is not available for this position.
Keywords: USAA, Denver , Asset Liability Management Advisor Senior, Other , Peyton, Colorado
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