Model Validator Senior

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

Employer:  United Services Automobile Association  

Job Title: Model Validator Senior

Tasks: Execute independent second line of defense model validation activities for high risk in-house and vendor models. Leverage expert technical approaches to develop and execute validation testing plans. Replicate model development and may develop challenger models through predictive modeling, machine learning, deep learning, time-series modeling/forecasting, stress testing, heuristic models, actuarial models, simulation, optimization, and/or other highly specialized techniques. Conduct and develop plans for model testing and data quality assessments for models using various types of datasets including those leveraging large datasets and unstructured datasets. Review at an extensive 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. Assess model inherent risk ratings, model declassifications applications, the materiality of model changes, and conduct model change validations for all types models. Oversee and advise the model validation work of peers. Produce and deliver validation reports and related validation work to model validation management, model stakeholders, senior leadership, and others. Execute the independent model validation process compliant with the written risk and compliance policies and procedures at an extensive experience level. Evaluate model risk control strengths around model development, implementation, and use. Professionally develop on emerging modeling techniques and approaches. May telecommute.

Requirements: Bachelor’s degree in Math Finance, Economics, Statistics, or related field followed by 6 years of progressive, post-baccalaureate experience in the job offered, or in a financial-related occupation. Alternatively, will accept a Master’s degree in Math Finance, Economics, Statistics, or related field and 3 years of experience in the job offered, or in a financial-related occupation. Position requires:    

• R, Python, SAS, and SQL;
• Linear Regression;
• Logistic Regression;
• Time-Series or Forecasting;
• Capital Planning;
• Stress Testing;
• Boosting or Bagging Trees;
• Algorithm development including setting model specifications, assumption testing, data quality assessments, variable selection, back-testing, and benchmarking;
• Validating curve construction models;
• Validation or deploying ML methodologies for brand or marketing initiatives; and
• Validating models according to Federal Reserve SR11-7 or OCC 2011-12.

Worksite: 9800 Fredericksburg Road, San Antonio, TX 78288

Relocation assistance is Not Available for this position.

This position is eligible for the Employee Referral Program.

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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 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.