Risk Analyst I - Oversight of Strategic Efforts and New Activities San Antonio Home Office II/III ID-17300
Why USAA?
At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted advice. We seek to be the #1 choice for the military community and their families.
Embrace a fulfilling career at USAA, where our core values – honesty, integrity, loyalty and service – define how we treat each other and our members. Be part of what truly makes us special and impactful.
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The Opportunity
We are seeking a highly organized Risk Analyst I to support the second line of defense (SLOD) oversight of the banks strategic initiatives and new activities risk assessment process. This role involves reviewing risk assessments prepared by other teams, challenging risks and mitigation, ensuring adherence to policies and regulations, and escalating concerns to senior management. The ideal candidate will have a strong understanding of compliance, operational, financial, credit, and strategic risks within a banking context, and possess proven experience conducting risk assessments. Excellent communication and collaboration skills are essential to effectively interact with stakeholders at all levels, including executive-level leaders.
As a dedicated Risk Analyst, you will provide risk management support for a line of business or staff agency in key risk identification, measurement, monitoring, control and reporting and the understanding and management of risk through appropriate practices and processes. The incumbent will assess and oversees Bank exposures including key and emerging risks. The person will monitor the bank risk and control environment and provides effective challenge to bank l and external stakeholders to ensure that exposures are kept at acceptable levels. Escalate and reports Bank risks to the appropriate governance bodies.
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 San Antonio, TX. Relocation assistance is not available for this position.
What youll do:
- Partners with key stakeholders in the bank to identify, assess, aggregate and document risks and controls, including risks associated with new or modified products, services, distribution channels, regulations and third-party operations utilizing working knowledge.
- Communicates results of risk assessments to business process owners and various levels of leadership in the bank.
- Contributes to the implementation of new Bank risk policies, practices, appetites, and solutions to ensure holistic understanding and management of Bank risks according to industry best practice.
- Enhances bank tools, and methodologies to measure, monitor, and report risks based on established strategy.
- Applies working knowledge to assess data and produce analytical insights to understand bank business objectives, drive risk-based business decisions and influence solution strategies.
- Effectively contributes in cross-functional teams in the bank to identify, assess, aggregate, and mitigate current and emerging bank risk events.
- Provides oversight of bank risk through documentation review, assessment of performance monitoring, model validation, and use implementation
- Supports the formulation of bank scenario analysis and/or stress test plans, including the evaluation of results, and framing of contingency plans in partnership with key bank stakeholders.
What you have:
- Bachelors degree in Risk Management, Business, Finance, or a related field OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
- 4 years of risk management, regulatory or operations experience in a relevant functional area to include banking, insurance, financial services, audit, project management, public accounting, or other related operational area Or advanced degree/designation in Risk Management, Business, Finance, or other discipline relevant to risk management and 2 years work of experience in a discipline relevant to risk management.
- Demonstrated knowledge of risk management principles, tools, and applicable systems.
- Risk management experience in a complex institution and/or highly matrixed environment.
- Demonstrated experience in conflict resolution management and ability to effectively challenge at all levels of management and influence business outcomes.
- Ability to effectively work with both internal and external partners in a highly collaborative environment.
- Demonstrated critical thinking and knowledge of data analysis tools and techniques and decision-making abilities, to include demonstrated ability to effectively make data-driven decisions.
- Proactively identifies potential concerns and follows-up to resolve issues.
- Proficient knowledge of Microsoft Office products including Excel and PowerPoint.
- Knowledge of federal regulation 12 CFR Part 30, including Appendices A and D and with federal supervisory guidance, to include:
- OCC Documents: Large Bank Supervision Handbook; OCC Safety and Soundness Handbooks - Internal Controls, Corporate & Risk Governance, Retail Lending; and key OCC bulletins - Model Risk Governance, Model Risk Management, New Products and Services Risk Management, Third Party Risk Management, Technology Risk Management, Stress Testing, and Operational Risk
- Federal Reserve Documents: Consolidated Supervision Framework for Large Financial Institutions; Federal Reserve Board Bank Holding Company Supervision Manual
- FFIEC Manuals and Handbooks to include: Banking, General understanding of federal laws, rules, and regulations, to include: CRA; ECOA; FCRA; MLA; SCRA; Regulation DD; Regulation E; Regulation Z; BSA/AML; and UDAP/UDAAP
What sets you apart:
- 2-4 years of experience completing risk assessment or managing risk within a bank or financial institution.
- Familiarity with OCC Bulletin 2017-43 and sound risk management principles.
- Understanding and knowledge of risks and controls, and the ability to clearly articulate risk positions within a risk assessment.
- Strong communication skills and the ability to work effectively with key partners, including executive-level leaders.