Quantitative Risk Analyst Lead (Life and Annuity Actuary)(Hybrid)
Company: USAA
Location: Euless
Posted on: August 3, 2022
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Job Description:
Purpose of JobAs the Quantitative Risk Analyst Lead (Life and
Annuity Actuary) you will be responsible for validating of
actuarial values and their underlying modeling systems and
processes for fixed, indexed, variable, registered-indexed,
in-plan, and immediate annuities. You'll monitor emerging
regulations and accounting rules from governing bodies, influence
their final form through regulators and industry groups, and apply
thought leadership on application of new rules as they occur.
Responsibilities will include:*Experience in actuarial and
stochastic modeling, machine learning, or other advanced
mathematical techniques*Risk management experience in a complex
institution and or highly matrixed environment related to life
insurance or financial services*Experience managing complex
processes to include process engineering or project management
experience*Industry-related analytical experience in for life
insurance pricing, reserving, asset and liability management (ALM),
financial modeling, capital calculations, and hedgingConducts and
develops quantitative and analytic models, assessments and/or
applications in support of risk management efforts that assess the
market and identify risks and gaps in existing or proposed
processes. Applies diverse methodologies and deep experience in
quantitative analytics to identify and solve complex and/or
undefined risk problems. Works with leadership to remediate gaps
and improvements identified between existing practices and
regulatory requirements. Leads and executes complex initiatives and
cross functional teams within the Chief Risk Office and across the
Enterprise that drive problem resolution. Leverages broad
enterprise knowledge and business acumen related to core
discipline(s), products and processes.This position is available as
a Hybrid Work Model in our San Antonio TX, Plano TX, Phoenix AZ,
Colorado Springs CO, Tampa FL, or Charlotte NC facilities or 100%
Remote work environment is available.Job RequirementsAbout USAAUSAA
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.Primary Responsibilities:Applies expert analytical
knowledge to utilize advanced analytics to assess future risk
and/or new risks, opportunities, and effectiveness.Translates
results into meaningful solutions to enhance decision
making.Presents findings to senior level leadership.Applies expert
knowledge and industry best practices to quantify risk and
aggregate exposures.Develops complex systems and programs that
measure aggregate risk exposures.Performs model validations and
presents results to senior leadership.Applies innovative and
scientific/quantitative analytical approaches to draw conclusions
and make recommendations to answer business objectives and drive
change.Translates recommendations into communication materials to
effectively present to senior leadership. Recommendations typically
have a major impact on business results.Provides subject matter
expertise in operationalizing recommendations.Applies expert
knowledge to produce advanced analytical material to lead
discussions with cross functional teams and senior leadership to
understand complex business objectives and influence solution
strategies.Demonstrates thought leadership in cross functional team
environments.Drives and creates cross functional teams in support
of initiatives that have significant impact to the enterprise or a
core business area.Provides direction and mentorship to other team
members in the peer review process.Expertly communicates analytical
results, findings and solutions to governance committees and
business process owners and influences business analysis. Minimum
Requirements:Bachelor's degree in Economics, Finance, Statistics,
Mathematics, Actuarial Sciences, or other quantitative discipline.
4 additional years of related experience beyond the minimum
required may be substituted in lieu of a degree.8 years related
quantitative analysis experience in a discipline relevant to risk
management to include statistical analysis, modeling, mathematics
or other quantitative discipline. OR advanced degree/designation in
Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or
other quantitative discipline and 4 years work experience in a
quantitative discipline relevant to risk management. OR PhD in
Economics, Finance, Statistics, Mathematics, or other quantitative
discipline and up to 2 years work experience in a quantitative
discipline relevant to risk managementPreferred Experience:Fellow
of the Society of Actuaries (FSA) DesignationChartered Enterprise
Risk Analyst (CERA) DesignationExperience in actuarial and
stochastic modeling, machine learning, or other advanced
mathematical techniquesRisk management experience in a complex
institution and or highly matrixed environment related to life
insurance or financial servicesExperience managing complex
processes to include process engineering or project management
experienceIndustry-related analytical experience in for life
insurance pricing, reserving, asset and liability management (ALM),
financial modeling, capital calculations, and hedgingExperience
with Moody's Analytics AXIS Actuarial Modeling System and Moody's
Analytics Risk IntegrityTM InsightProficient analytical skills with
an aptitude for quantitative and scenario analysisRisk Assessment
and AnalysisCompensation: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 position. The salary range for this position
is: $117,600.00 - $211,700.00 *(this does not include geographic
differential it may be applied based on your work
location)Employees may be eligible for pay incentives based on
overall corporate and individual performance or at the discretion
of the USAA Board of Directors.*Geographical Differential:
Geographic pay differential is additional pay provided to eligible
employees working in locations where market pay levels are above
the national average. Shift premium will be addressed on an
individual basis for applicable roles that are consistently
scheduled for non-core hours. 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.Please
click on the link below for more details.USAA Total
RewardsRelocation assistance is available for this position.
Keywords: USAA, Euless , Quantitative Risk Analyst Lead (Life and Annuity Actuary)(Hybrid), Professions , Euless, Texas
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