Purpose of Job
Provides risk management support for a line of business or staff agency in key risk identification, measurement and aggregation, and the understanding and management of risk through appropriate practices and processes. Assesses and mitigates enterprise and business un exposures through the identification of key and emerging risks and evaluates alignment with risk strategy and appetite. Monitors the risk and control environment to ensure that exposures are kept at acceptable levels and may consult on risk mitigation plans.
USAA 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 level.
In each of the past five years, we've been a top-40 Fortune 100 Best Companies to Work For®, and we've ranked among Victory Media's Top 10 Military Friendly® Employers for 13 years straight. We embrace a robust veteran workforce and encourage veterans and veteran spouses to apply.
ABOUT USAA RISK Management
USAA is a growing financial services company and the Risk Management function at USAA is an important part of this growth. It is an exciting time at USAA and in our Risk Management organization. We are a diversified team of Risk professionals, working across all lines of business across USAA operations (banking, insurance, investments) seeing the incredible growth first-hand. Working at USAA in Risk Management affords you the ability to be a part of USAA’s noble mission on a daily basis. We stand behind our 11 million members who rely on us every day.
See what it's like to work for a company where your passion meets our purpose:
Partners with key stakeholders in the business to identify, assess, aggregate and document risks and controls, including risks associated with new or modified products, services, distribution channels, regulations and third party operations.
May present findings to various levels of leadership.
Communicates results of risk assessments to governance committees, business process owners and various levels of leadership.
Contributes to the implementation of new risk policies, practices, appetites and solutions to ensure holistic understanding and management of risks according to industry best practice.
Enhances strategies, tools, and methodologies to measure, monitor, and report risks.
Applies intermediate knowledge to utilize or produce analytical material for discussions with cross functional teams to understand business objectives and influence solution strategies.
Effectively contributes in cross-functional teams to identify, assess, aggregate and mitigate current and emerging risk events.
Effectively contributes to projects that impact the organization.
Supports the formulation of stress test plans for a line of business or the enterprise including the evaluation of results, and framing of contingency plans in partnership with key business stakeholders.
Minimum Education & Experience
Bachelor's degree in Risk Management, Business, Finance, or a related field required.
4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
4 or more years risk management or operations experience in a relevant functional area to include banking, insurance, financial services, audit, project management, public accounting or other related operational area Or advanced degree/designation in Economics, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline relevant to risk management and 2 or more years work experience in a quantitative discipline relevant to risk management Or PhD in a quantitative discipline relevant to risk management.
Demonstrated knowledge of risk management principles, tools and applicable systems.
Strong problem solving abilities and research skills
Strong written and verbal communication skills
Ability to effectively work with both internal and external partners in a highly collaborative, matrixes environment
Demonstrated critical thinking skills and decision making abilities
Proactively identifies potential concerns and follows-up to resolve issues
Proficient knowledge of Microsoft Office products including Excel and PowerPoint.
Successful completion of a job-related assessment may be required.
2+ years banking experience, specifically in risk, compliance, or corporate governance
Ability to synthesize data from multiple sources and in various forms, draw insightful conclusions on the overall level of risk, and communicate findings to senior leadership in writing and verbally
Experience evaluating and testing adherence to a framework or standard
Working knowledge of Bank regulatory requirements
Demonstrated experience with risk reporting and aggregation
Experience performing risk assessments covering key risks and initiatives within a financial services company
Demonstrated experience in managing or evaluating multiple categories of risk (credit, interest rate, liquidity, market, operational, compliance, strategic, and reputation) and thorough understanding of consumer banking products
Ability to build reports and presentations
Project management experience
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.
At USAA our employees enjoy one of the best benefits package in the business, including a flexible business casual or casual dress environment, comprehensive medical, dental and vision plans, along with wellness and wealth building programs. Additionally, our career path planning and continuing education will assist you with your professional goals.
Relocation assistance is notavailable for this position.