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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 Asset Liability Management Advisor I, you will work with the Bank ALM team in USAA’s Chief Financial Office. They will work to refresh ALM methodologies and assumptions used for interest rate risk, funds transfer pricing, stress testing, and liquidity.
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:
• Measures, monitors, and controls interest rate exposures at the enterprise and/or divisional level.
• Serves as a key contributor in the design, implementation, and management of USAA’s Interest Rate Risk program, including related analysis, management, planning and reporting.
• Represents ALM Team in collaboration with others, including Line of Business Interest Rate Risk Managers, Senior Financial Officers, Financial Planning & Analysis, External Reporting, Controllers, Project Management, and Risk Management in various discussions to include economic drivers and interest rate risks.
• Develops and manages analytical models to explain the change in values of assets and liabilities. Communicates findings and makes recommendations to internal leadership for possible action.
• Provides attribution and sensitivity analyses for all inputs and assumptions that may drive gains or losses.
• Ensures all assumptions and inputs for interest rate risk modeling are consistently applied across the enterprise.
• Performs model governance activities consistent with best practices and regulatory requirements.
• 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, Economics, Computer Science, or a related field required; OR 4 additional years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
• 4 years of experience in a corporate treasury, investment or finance, OR an advanced degree or CFA and 2 years experience in a corporate treasury, investment or finance.
• Proficient mathematical skills and working knowledge as they relate to modeling and valuation of fixed income instruments and/or derivatives.
• Proficient knowledge of Microsoft Office products including Excel, Word and PowerPoint.
• Understanding of applicable regulatory requirements that may include OCC, FDIC, NAIC, Basel III, ORSA and the Federal Reserve’s regulations.
What sets you apart:
• Experience working with BancWare software
• 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: $89,990 – $172,000.
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.
