Senior Modeling Analyst
As a Fortune 200 financial services company with more than $113.5 billion in owned and managed assets, USAA is on a mission - to facilitate the financial security of our members, the men and women of the U.S. military and their families worldwide. Headquartered on a showcase campus in San Antonio, TX, USAA attributes its long-standing success to its most valuable resource, our 23,000 employees. They are the heart and soul of our member-service culture.
Recently Ranked 100 Best Companies to Work For by Fortune in 2012, we are proud to receive consistently outstanding awards and ratings for member service, employee well-being and financial strength. Everything that happens at USAA is based on our core values:Service, Loyalty, Honesty, and Integrity. These are the foundations of how we do business with our members, as well as how we treat each other.
We are currently seeking talented Senior Modeling Analyst for our San Antonio, TX facility.
PURPOSE OF JOB
A strategic partner in identifying modeling opportunities and potential solutions, for short and long term business goals and results. Leads and facilitates cross-functional teams in creating models to produce substantiated recommendations and reports in support of business initiatives, efficiencies and potential strategies. This may include modeling design, development, process and utilization of sophisticated statistical modeling methods and tools. Considers risks, competitiveness and business impact of requests and builds models where in-depth evaluation of variable factors is required. Independently, under minimal supervision, with a high level of certainty, manages/performs multiple initiatives of significant scope and complexity; manages problem resolution across systems, processes or channels; and navigates obstacles to deliver the work product. A key contributor to the achievement of team / organization goals. Serves as a mentor and provides guidance to peers and less experienced team members in the design, development and implementation of statistical models. Develops business recommendations, may present and communicate findings to various levels of leadership.
Stress Testing and Model Development
Develops statistical models for use in the enterprise stress testing program. Assists with the integration of those models into the production environment for executing stress tests.
JOB DUTIES
- Applies advanced knowledge of functional and business processes and procedures, and unique modeling processes, methodologies, and techniques to create effective modeling solutions for a single or multiple business function. Implements econometric estimation of models and computes various diagnostics of model quality.
- Meets with model owners to understand and document business specifications for models. Effectively articulates methods, results, and insights. Collaborates with cross-functional team in support of business case development and identifying modeling method(s) to provide business solutions. Determines the appropriate statistical and analytical methodologies to solve business problems within specific areas of expertise.
- Assembles appropriate company-specific and external historical data for use in model development. Builds models and solves complex business problems where analyses of situations and/or data require in-depth evaluation of variable factors. Formulates the specification of econometric models that relate stressed economic/market conditions to specific financial impacts on the company's operations.
- Chooses appropriate econometric estimation techniques for estimating the unknown coefficients of the models. Considers risks, competitiveness, and business impact of requests and builds models accordingly.
- Develops, proposes and owns new solutions to solve requests. Responsible for the complex end-to-end model design, development and process; ensuring adequate internal control processes around model development, implementation and validation are established.
- Utilizes predictive analytics to assess future risk, opportunities, and effectiveness. Translates results into meaningful business recommendations. May present findings to various levels of leadership.
- Researches and identifies industry best practices and trends to increase effectiveness. Acquires, maintains and applies advanced knowledge of the business, its products and processes, and advanced knowledge of modeling methodologies.
- Completes a standardized Development Document that describes the rationale for various model development decisions.
- Performs other duties as assigned.
Minimum Requirements
- Bachelor's degree in Statistics, Economics, Mathematics or related field.
- 6+ years related work experience in statistical analysis and model development.
- Advanced knowledge of data analysis tools and industry data sources.
- Expert knowledge in developing analysis queries and procedures in SQL, SAS, BI tools or other analysis software.
- Expert knowledge in several statistical techniques including the Generalized Linear Model and time-series methods.
- Experience developing statistical models at an insurance, bank, or investment company.
- Experience with econometric techniques to predict outcomes in stressed economic/market conditions.
- Successful completion of an analyst assessment may be required.
Preferred
- Masters or PhD degree in Economics with an econometric emphasis or in Statistics.
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 business 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.
USAA also offers a variety of on-site services and conveniences to help you manage your work and personal life, including seven cafeterias, two company stores and three fitness centers.
Relocation assistance is available for this position.
Qualified applicants must successfully complete a pre-employment background and drug screen.
USAA is an Equal Opportunity/Affirmative Action Employer.
Leave a Reply
You must be logged in to post a comment.