Purpose of Job
We are currently seeking a talented Asset Liability Management
Advisor Lead for Plano Legacy, San Antonio Home Office II/III or
Proven ability to lead cross functional teams. Teaches and
mentors others about complex financial processes. Leads design,
development, implementation and management of USAA Interest Rate
Risk models. Drives and motivates team members to provide advanced
analytics and insights around key business drivers. Assists
management in assigning team tasks and managing workflow. Serves as
a subject matter expert in the field of interest rate risk
reporting and management for Banks or Bank Holding Companies or
Life Company and internal and external auditors. Independently
assesses and appropriately communicates changes in interest rate
risk regulatory proposals and rules and will play a critical role
in leading and performing interest rate risk management functions,
and in achieving and maintaining interest rate risk compliance.
About USAA 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 13
years straight. We embrace a robust veteran workforce and encourage
veterans and veteran spouses to apply.
USAA Careers - Award Winning Workplace
(https://www.youtube.com/watch?v=lcGKT_Nxdgc) (17 seconds) USAA
Careers World Class Benefits
(https://www.youtube.com/watch?v=APwPQizcENY) (31 seconds)
* Leads cross-functional teams: performing measurement,
monitoring, and controls of interest rate exposures for USAA 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. * Models, analyzes, and
reports re-pricing mismatches, basis risk, yield curve risk, and
options risk. Develops recommendations for hedging strategies to
mitigate exposures in excess of tolerances. * Serve as a primary
resource for cross-functional team members to maintain the model(s)
used to manage interest rate risk at the Bank or Bank Holding
companies or Life Insurance companies. Ensures all assumptions and
inputs for interest rate risk modeling are consistently applied
within the Bank or Life Insurance LOB and across the enterprise.
Performs model governance activities consistent with best practices
and regulatory requirements. * Consistently interacts with senior
management becoming their trusted advisor on financial issues. Make
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 such as quarterly CALM or
monthly ALCO. Represents Treasury with Risk and other Partners
across the Enterprise. * Researches, analyzes, and communicates the
requirements and impacts of regulations affecting interest rate
risk management and reporting activities. Maintains solid
understanding of evolving regulatory requirements that may include
OCC, FDIC, NAIC, Basel III, ORSA and the Federal Reserve's
regulations regarding interest rate risk management for U.S.
savings and loans, insurance companies, holding companies, and the
Dodd-Frank Act. * Leads development of policies and procedures for
Bank or Life and Enterprise interest rate risk management. *
Develops implementation strategies and recommendations and serves
as a subject matter expert on Enterprise and/or Bank/Life 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.
* Bachelor's degree in Finance, Mathematics, Actuarial
Science, Economics, Computer Science, or a related field required;
4 additional years of related experience beyond the minimum
required may be substituted in lieu of a degree. * Minimum of 8
years experience in corporate treasury finance position in banking
or insurance OR If Masters degree, a minimum of 6 years experience
in a corporate treasury or finance position in banking or
insurance. * Minimum of 4 years in a position directly related to
asset liability management or interest rate risk management.
*Qualifications may warrant placement in a different job
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 able to change your responses.
* Strong knowledge of data analytics * Expert knowledge with
Bancware ALM5/ALM6 or QRM * Strong knowledge with ALM *
Demonstrated ability to influence others * Ability to drive for
performance * Ability to identify process improvements * Ability to
consume complex financial information and formulate executive ready
summaries and presentations * Strong time management skills *
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 packages 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 not available for this position.
For Internal Candidates: Must complete 12 months in current
position (from date of hire or date of placement) or must have
managers approval prior to posting.
Last day for internal candidates to apply to the opening is
8/27/20 by 11:59 pm CST time .