Model Validator I (Mid-Level) - Bank
Model Validator I (Mid-Level) - Bank
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1 Vacancy
Job Description
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
Number of Available Positions: 3
As a dedicated Model Validator Mid-Level for the Bank you will complete model risk validation oversight for the life-cycle management of models which includes conducing model validation activities. Performs the model validation oversight process compliant with the written risk and compliance policies and procedures which require independence from model stewards (e.g. model owners developers implementers users and other stakeholders) throughout the lifecycle of the models use and maintenance.
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 or Tampa FL.
Relocation assistance is not available for this position.
What youll do:
- Executes independent model validation activities 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 sophisticated and vendor models.
- Conducts back-testing diagnostic testing sensitivity analysis benchmarking and other validation tests/analyses on lower risk models; collaborates with senior-level validators for higher risk models.
- Executes 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 at a working experience level the 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.
- Produces and delivers validation reports and related validation work to model validation management and model stakeholders.
- Executes the independent model validation process compliant 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:
- Bachelors 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. OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
- 4 years of related work experience in model validation model development statistical analysis and/or advanced quantitative research Or Advanced degree (e.g. Masters 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:
- US military experience through military service or a military spouse/domestic partner
- Experience working with common bank modeling exercises such as stress testing reserving asset/liability management deposit forecasting pricing or credit origination.
- Experience performing model validation on Anti-Money Laundering (AML) or Fraud models.
- Experience evaluating and challenging complex models and explaining issues in an intuitive way.
- Strong interpersonal and written communication skills
- Post-graduate degree in a quantitative field.
Compensation range: The salary range for this position is: $93770 - $168790.
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 .
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.
Required Experience:
Manager
Employment Type
Full-Time
