Model Validator I

USAA • Permanent • Arizona, United States • $45.08 - $81.15 / * • 1d ago

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 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 Model Validator Mid-Level for the Bank, you will complete model risk validation oversight for the life-cycle management of models which includes conducing model validation activities. Performs 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.

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, or Tampa, FL.

Relocation assistance is not available for this position.

What you'll do:

Executes independent model validation activities for lower risk, in-house and vendor, models. Conducts validation activities for low-risk, in-house models, and assists, under supervision and in collaboration with peers, on higher risk, sophisticated and vendor models.
Conducts back-testing, diagnostic testing, sensitivity analysis, benchmarking, and other validation tests/analyses on lower risk models; collaborates with senior-level validators for higher risk models.
Executes and assists in replicating model development and may help develop challenger models through principles of predictive modeling, machine learning, time-series modeling/forecasting, stress testing, heuristic models, actuarial models, and/or other techniques.
Reviews at a working 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 the materiality of model changes and conducts model change validations.
Produces and delivers validation reports and related validation work to model validation management and model stakeholders.
Executes the independent model validation process compliant with the written risk and compliance policies and procedures at a working experience level.
Evaluates model risk control strengths around model development, implementation, and use.

What you have:

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. OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
4 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 2 years of related work experience in model validation, model development, statistical analysis, and/or advanced quantitative research.
Experience presenting verbally and in-writing quantitative/technical concepts and conclusions to non-technical audiences and senior leadership.
Proficient 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.
Working Experience with statistical, econometric, data science, or predictive modeling approaches including: Linear Regression; Time-Series/Forecasting; Logistic Regression; Machine Learning. Business context knowledge in operational and support functions of Banking and/or Insurance as well as associated modeling and analytics knowledge.

What sets you apart:

US military experience through military service or a military spouse/domestic partner
Experience working with common bank modeling exercises such as stress testing, reserving, asset/liability management, deposit forecasting, pricing, or credit origination.
Experience evaluating and challenging complex models and explaining issues in an intuitive way.
Strong interpersonal and written communication skills
Post-graduate degree in a quantitative field.

Compensation range: The salary range for this position is: $93,770 - $168,790.

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

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.

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