The Opportunity

Employer:  USAA Federal Savings Bank

Tasks: 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 specialized techniques. 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. May telecommute.

Requirements: Employer will accept a Bachelor’s degree in Economics, Mathematics, Statistics, Actuarial Science, Data Science, Engineering, Computer Science or related field and 4 years of experience in experience in the job offered or in a Model Validator related occupation. Alternatively, employer will accept a Master’s degree in Economics, Mathematics, Statistics, Actuarial Science, Data Science, Engineering, Computer Science or related field and 2 years of experience in experience in the job offered or in a Model Validator related occupation.

• Unsupervised Learning, K-Means, Linear or Logistic Regression;
• Time-Series or Forecasting, Stress Testing, Gaussian Processes;
• Simulation Models, Boosting or Bagging Trees, Neural Networks, Deep Learning Concepts, and Bayesian Estimators;
• Model Validation Lifecycle: Conceptual soundness, implementation review, outcomes testing, documentation, model risk management, regulatory compliance (e.g., SR 11-7);  
• R, Python (NumPy, Pandas, SciPy, scikit-learn, and statsmodels), SAS, and SQL;  XGBoost, LightGBM, Catboost, and TensorFlow or PyTorch;
• Domino Lab, AWS SageMaker, Snowflake, Git, and Linux; and
• Business operations knowledge in Banking or Insurance and related modeling and analytics skills

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.