Model Validator II - Intermediate
Model Validator II - Intermediate
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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
As a Model Validator II you will work on a team of seasoned model risk professionals performing model validation oversight for the life-cycle management of models which includes conducting model validation activities. You will drive the model validation oversight process in accordance with internal and external policies and standards and effectively communicate identified model risks in reports and occasionally to various model stakeholders.
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 Phoenix AZ Charlotte NC or Tampa FL.
Relocation assistance is not available for this position.
What youll 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 implement 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 team members.
- 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 another Validator. Assists under direction in evaluating 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. Four additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
- Two 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:
- Masters 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: $77120.00 - $147390.00.
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.
Employment Type
Full-Time
