Asset Liability Management Advisor 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

As a dedicated Asset Liability Management Analyst Senior, you will serve as a key contributor in the design, implementation, management, and reporting of banking analytics within the USAA Treasury team. Such analytics will include aspects of Asset Liability Management (ALM), capital modeling, stress testing and deterministic scenario analysis. Applies general knowledge of banking and investments products to quantify, analyze, and communicate risk measures, particularly interest rate risk, optionality, correlations, credit risk, operational risk, and financial performance measurements, such as return on capital, return on equity, etc. Independently assesses and appropriately communicates changes in regulatory proposals and rules that will play a critical role in leading and performing these functions.

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, or Charlotte, NC.

Relocation assistance is not available for this position.

What you'll do:

• Implement, analyze and interpret models used to understand key risks at the Bank. This includes the measurement and monitoring of interest rate risk, credit risk and operational risk and how they impact various uses, such as interest rate risk management, capital planning, stress testing, and deterministic scenario analysis.
• Develops and leads analytical models to explain the change in metrics and provides attribution and sensitivity analyses for all inputs and assumptions that may drive the changes.
• Provides management with Treasury analytics related to the Bank, such as ALM, capital modeling, stress testing and deterministic scenario analysis.
• Communicates analysis and impacts to key partners, including senior management committees.
• Monitors, researches, analyzes, and communicates the requirements and impacts of regulations affecting Treasury functions.
• Maintains policies and procedures for Bank analytical models.
• Develops implementation strategies and recommendations and serves as a subject matter authority on Enterprise and/or Bank implementation efforts.
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

What you have:

• 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 (10 total years of experience without a degree).
• 6 years’ of experience in a corporate treasury, investment or finance position in banking or insurance OR an advanced degree in Business, Finance, Statistics, Economics, or other quantitative subject area or CFA/FRM and 4 years’ experience in a corporate treasury, investment or finance position.
• 3 years in a position with experience directly related to treasury functions, such as capital, liquidity, stress testing, and/or asset liability management.
• Experience with large quantitative models used in Treasury functions, such as asset liability systems or industry standard financial modeling software (such as QRM, Bancware, Kamakura, etc.), credit risk models or operational risk models.
• Relevant mathematical skills and working knowledge as they relate to modeling and valuation of fixed income instruments and/or derivatives.
• Sophisticated knowledge of Microsoft Office products including Excel, Word and PowerPoint.
• Understanding of applicable regulatory requirements that may include OCC, FDIC, NAIC, Basel III, ORSA and the Federal Reserve's regulations.

What sets you apart:

• Solid understanding of primary Treasury functions, particularly Interest Rate Risk (IRR) or Asset Liability Management (ALM), stress testing, capital management, or liquidity within the banking industry.
• Strong analytical skills with an understanding of financial markets and instruments.
• Treasury background within bank, including model experience, including treasury management systems (TMS).
• Background working with Python and R.
• Knowledge of mathematical models, measuring risk within banking.
• Experience developing a model risk management framework.

Compensation range: The salary range for this position is: $127,310.00 - $243,340.00.

USAA does not provide visa sponsorship for this role. Please do not apply for this role if at any time (now or in the future) you will need immigration support (i.e., H-1B, TN, STEM OPT Training Plans, etc.).

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.