Director, Asset Liability Management

Company: USAA
Location: San Antonio
Posted on: November 20, 2023

Job Description:

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 Director, 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 can be based in one of the following locations: San Antonio, TX, Plano, TX or Charlotte, NC. Relocation assistance is not available for this position.What you'll do:

• Leads and owns the ongoing development and maintenance of a comprehensive modeling framework to measure, analyze and monitor USAA's interest rate risk.
• Responsible for the modeling, analysis, reporting, monitoring and management of USAA's consolidated interest rate risk position working in close partnership with the lines of business.
• Provides strategic and tactical recommendations to leadership related to interest rate risk management.
• Serves as a leader and subject matter expert on interest rate risk management for ALM Working Group, ALM Committee, Risk Council, Corporate Treasury and lines of business.
• Oversees compliance/regulatory matters Identifies and recommends appropriate risk mitigation efforts to senior management.
• Responsible for developing process & procedure documentation for the functional area to meet regulatory & compliance requirements and ensuring appropriate controls are created to mitigate risks.
• Builds and oversees a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities.
• 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 is required; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
  • 8 or more years of experience related to asset/liability management, interest rate risk management or related discipline in the financial services industry; OR Advanced Degree in Finance, Business, Statistics, Economics or other related discipline and 6 or more years of experience related to asset/liability management, interest rate risk management or related discipline in the financial services industry.
  • 3 or more years of direct team lead or management experience required.
  • Subject matter expert financial/technical skills in treasury and asset liability management expertise and data analytics.
  • Proven proficiency across a spectrum of financial products such as annuities, universal life, invested assets, auto loans, credit cards, home equity loans, mortgage loans, deposits.
  • Subject matter expert experience managing and reporting on interest rate risk at large financial institution(s) regulated by the Federal Reserve and/or OCC.
  • Subject matter expert knowledge of Microsoft Office tools, asset/liability management software (QRM, SunGuard) and applicable systems.
  • Excellent presentation skills and experience presenting to senior management and Board level committees.
  • Demonstrated leadership and change management skills.
  • Demonstrated ability to collaborate effectively across lines of business and staff areas.
  • Knowledge of applicable regulatory requirements that may include OCC, FDIC, NAIC, Basel III, ORSA and the Federal Reserve's regulations.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 large financial institution(s) regulated by the Federal Reserve and/or OCC.
    • Experience managing and reporting on capital stress testing at a large financial institution(s).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: $152,290 - $291,040.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 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.

Keywords: USAA, San Antonio , Director, Asset Liability Management, Accounting, Auditing , San Antonio, Texas