Model Validator Senior - Enterprise Model Risk Management (Hybrid)
Posted on: May 14, 2022
Purpose of JobWe 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
the Enterprise. 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.Job RequirementsAbout USAAUSAA 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
- 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.Minimum
- 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.Preferred Experience:
- 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) certification.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.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 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. 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.Please click on the link below for
more details.USAA Total RewardsRelocation assistance is not
available for this position.
Keywords: USAA, Gastonia , Model Validator Senior - Enterprise Model Risk Management (Hybrid), Executive , Gastonia, North Carolina
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