Why USAA?
Let's do something that really matters.
At USAA, we have an important mission: facilitating the financial security of millions of U.S. military members and their families. Not all of our employees served in our nation's military, but we all share in the mission to give back to those who did. We're working as one to build a great experience and make a real impact for our members.
We believe in our core values of honesty, integrity, loyalty and service. They're what guides everything we do - from how we treat our members to how we treat each other. Come be a part of what makes us so special!
The Opportunity
As a dedicated Lead ALM Advisor, Asset Liability Management, you will be responsible for the modeling, analysis, reporting, monitoring and management of USAA's interest rate risk (IRR) position. Serves as a key subject matter expert for interest rate risk management within the USAA Bank or across the enterprise. This position will work in close partnership with the other Asset/Liability Management (ALM) teams within the enterprise and USAA Bank lines of businesses to develop assumptions and methodologies in support of managing interest rate risk, optionality, correlations and return on capital.
We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position will be based in our Charlotte, NC location .
Relocation assistance is not available for this position.
What you'll do:
Leads cross-functional teams: performing measurement, monitoring, and controls of interest rate exposures for USAA line of business (LOB) or at the enterprise level.
Partners with Risk & Compliance partners, Senior Financial Officers and Product Managers to provide analytics and support for interest rate risk and product profitability models that assist in the development of strategic planning for USAA.
Leads development and management of analytical models to explain the change in values of assets and liabilities and provide attribution and sensitivity analyses for all inputs and assumptions that may drive gains or losses.
Develops recommendations to senior management for hedging strategies to mitigate exposures in excess of tolerances.
Consistently interacts with senior management becoming their trusted advisor on financial issues.
Makes recommendations to solve day-to-day, as well as strategic financial business problems.
Lead generation of Board of Directors Interest Rate Risk Management reporting packages as well as Corporate or Line of Business ALCO packages.
Represents Treasury with Risk and other Partners across the Enterprise.
Monitors, researches, analyzes, communicates, and implements the requirements and impacts of regulations affecting interest rate risk management and reporting activities.
Leads development of policies and procedures for Bank or Enterprise interest rate risk management.
Develops implementation strategies and recommendations, and serves as a subject matter expert on ALM efforts.
Teaches and mentors others about complex processes, business drivers and systems ensuring information sharing and knowledge transfers.
Reviews analysts work and assists management in assigning tasks and managing workflow.
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.
What you have:
Bachelor's degree in Finance, Mathematics, Actuarial Science, Economic, Computer Science, or a related field required; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
8 years experience in a corporate treasury, investments or finance position in banking or insurance; OR an advanced degree in Business, Finance, Statistics, Economics or other quantitative discipline or CFA/FRM and 6 years experience in a corporate treasury, investments or finance position.
4 or more years in a position with experience directly related to asset liability management. Experience with asset liability systems or industry standard financial modeling software (such as QRM, Bancware, Kamakura, etc.).
Advanced mathematical skills and working knowledge as they relate to modeling and valuation of fixed income instruments and/or derivatives.
Working knowledge of ALM requirements of a Bank or Insurance Holding Company.
Knowledge of applicable regulatory requirements that may include OCC, FDIC, NAIC, Basel III, ORSA and the Federal Reserve's regulations.
Experience interacting and communicating with various levels of senior management.
What sets you apart:
5 Years experience with asset/liability management software (QRM, Bancware) and applicable systems.
5 Years experience managing and reporting on interest rate risk at financial institution(s) regulated by the Federal Reserve and/or OCC and/or NCUA.
US military experience through military service or a military spouse/domestic partner.
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.
What we offer:
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. The salary range for this position is : $138,230 - $264,200.
Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.
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, please 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.
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.
If you are an existing USAA employee, please use the internal career site in OneSource to apply.
Please do not type your first and last name in all caps.
Find your purpose. Join our mission.
USAA is unlike any other financial services organization. The mission of the association is to facilitate the financial security of its members, associates and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community. We do this by upholding the highest standards and ensuring that our corporate business activities and individual employee conduct reflect good judgment and common sense, and are consistent with our core values of service, loyalty, honesty and integrity.
USAA attributes its long-standing success to its most valuable resource: our 35,000 employees. They are the heart and soul of our member-service culture. When you join us, you'll become part of a thriving community committed to going above for those who have gone beyond: the men and women of the U.S. military, their associates and their families. In order to play a role on our team, you don't have to be connected to the military yourself - you just need to share our passion for serving our more than 13 million members.
USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.
USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.
