Model Validator Senior - Enterprise Model Risk Management (Hybrid)
Posted on: May 15, 2022
Purpose of Job We are seeking a talented Senior Model Validator
to work in the Enterprise Finance, Risk and Brand Model Validation
within Enterprise Risk and Compliance (ERC). This individual will
apply critical thinking to assess a model's suitability for
business or regulatory requirement use. Various quantitative
techniques (regression analysis, AI/ML, stochastic calculus, etc.)
as well as communication and reading comprehension skills will be
needed to effectively challenge models (internally-developed and
vendor solutions) supporting core financial and marketing areas of
This is a hybrid role working partially from one of our regional
offices and partially from home. (San Antonio TX, Plano TX,
Charlotte NC, Tampa FL, Colorado Springs CO or Phoenix AZ.
This role executes 2nd Line of Defense Model Risk Validation
Oversight for the life-cycle management of models which includes
conducing Model Validation Activities. Executes 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
model's use and maintenance.
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.
Executes independent second line of defense model validation
activities for high risk in-house and vendor models.
Leverages expert technical approaches to develop and execute
validation testing plans.
Replicates 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
Conducts and develops plans for model testing and data quality
assessments for models using various types of datasets including
those leveraging large datasets and unstructured datasets.
Reviews 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.
Assesses model inherent risk ratings, model declassifications
applications, the materiality of model changes, and conducts model
change validations for all types models. Oversees and advises the
model validation work of peers.
Produces and delivers validation reports and related validation
work to model validation management, model stakeholders, senior
leadership, and others.
Executes the independent model validation process compliant with
the written risk and compliance policies and procedures at an
extensive experience level. Evaluates model risk control strengths
around model development, implementation, and use. Professionally
develops on emerging modeling techniques and approaches.
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.
Bachelor's 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. (4 additional years of related experience
beyond the minimum required may be substituted in lieu of a
6 years of related work experience in model validation, model
development, statistical analysis, and/or advanced quantitative
research OR Advanced degree (e.g., Master's, 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 4 years of related work
experience in model validation, model development, statistical
analysis, and/or advanced quantitative research.
Experience driving communication verbally and in writing
quantitative/technical concepts and conclusions to non-technical
audiences, senior leadership, auditors, and/or regulators.
Strong 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.
Extensive Experience with at least three of the following
statistical, econometric, data science, and predictive modeling
approaches: Unsupervised Learning; K-Means; Linear Regression;
Time-Series/Forecasting; Stress Testing; Logistic Regression;
Gaussian Process; Simulation Models; Boosting/Bagging Trees; Neural
Networks; Deep Learning Concepts; Bayesian Estimators.
Strong business context knowledge in operational and support
functions of Banking and/or Insurance as well as associated
modeling and analytics knowledge.
Prior experience developing or validating stress testing, economic
capital, curve construction models.
Experience with validation or deploying AI/ML methodologies for
brand or marketing initiatives.
Experience validating models according to Federal Reserve SR11-7
and/or OCC 2011-12.
Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA)
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: $117,600 -
$211,700* (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.
- Geographical Differential: Geographic pay differential is
additional pay provided to eligible employees working in locations
where market pay levels are above the national average.Shift
premium: will be addressed on an individual-basis for applicable
roles that are consistently scheduled for non-core hours.
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, Brandon , Model Validator Senior - Enterprise Model Risk Management (Hybrid), Executive , Thonotosassa, Florida
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