Quantitative Risk Analyst (Mid-level) - AML Modeling
About the position 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 The USAA AML Modeling & Analytical Team is actively seeking a Quantitative Risk Analyst to spearhead the development, refinement, and deployment of a comprehensive suite of Financial Crimes Models. This pivotal role will leverage expert analytical acumen and extensive technical proficiency to architect and optimize model performance for Transaction Monitoring (Actimize), Lexis Bridger Screening Systems, and Customer Risk Scoring. The successful candidate will collaborate with key stakeholders to proactively address and resolve identified gaps, ensuring alignment with evolving regulatory mandates. This position offers a significant opportunity to drive impactful initiatives within complex, cross-functional teams across USAA, fostering the creation of forward-thinking solutions. 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, Chesapeake, VA or Tampa, FL. Relocation assistance is not available for this position.
Responsibilities
- Utilizes advanced analytics to assess future risk, opportunities, and effectiveness and translates results into meaningful solutions to enhance decision making.
- Assesses and mitigates exposures through the identification of key and emerging risks in alignment with the risk strategy and appetite.
- Applies knowledge to produce analytical material for discussions with cross functional teams to understand complex business objectives and influence solution strategies.
- Produces and communicates analytical content for discussions with cross functional teams, governance committees and business process owners to influence business strategies.
- May create statistical reporting and financial analysis to forecast results for required stress test scenarios, including analyzing and challenging stress testing results and partnering with relevant functions to validate those results.
- May engage in model validations, produce model validation reports, measure and aggregate model risks, and/or report on model issues to committees, auditors, and regulators.
Requirements
- Bachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
- 4 years related quantitative analysis experience in a discipline relevant to risk management to include statistical analysis, modeling, mathematics or other quantitative discipline, OR advanced degree/designation in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline and 2 years work experience in a quantitative discipline relevant to risk management OR PhD in Economics, Finance, Statistics, Mathematics, or other quantitative discipline.
Nice-to-haves
- A Master degree in a quantitative field.
- Advanced knowledge of statistical and machine learning models and techniques.
- 3+ years of experience in developing, validating and implementing Financial Crimes Models.
- Solid understanding of AML and Financial Crimes modeling techniques.
- 8+ years of hands-on technical coding experience and strong programming skills, e.g. Python, SAS, SQL, R.
- Prior experience working on Transaction Monitoring Platform such as Actimize, Lexis Bridger, preferrable modern systems leveraging Machine Learning Algorithm for Detection.
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.