Principal Model Validation Specialist Job at USAA, Colorado Springs, CO

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  • USAA
  • Colorado Springs, CO

Job Description

Salary: $127,310 - 243,340 per year Requirements:

  • Bachelor’s degree in a quantitative discipline such as Economics, Mathematics, Statistics, Actuarial Science, Data Science, Engineering, Computer Science, or a related area with a core quantitative curriculum.
  • Four additional years of relevant experience can substitute for a degree.
  • At least 6 years of experience in model validation, development, statistical analysis, and/or advanced quantitative research or an advanced degree in a quantitative field plus 4 years of relevant experience.
  • Proven experience articulating complex quantitative and technical concepts to non-technical stakeholders, including senior leadership and regulatory bodies.
  • Proficient programming skills in R, Python, SAS, Java, C, SQL, or other similar languages relevant to model development and algorithmic processes.
  • Extensive familiarity with at least three out of the following modeling techniques: Unsupervised Learning, K-Means, Linear Regression, Time-Series Modeling, Stress Testing, Logistic Regression, Gaussian Processes, Simulation Models, Boosting/Bagging Trees, Neural Networks, or Bayesian Estimators.
  • Strong knowledge of operational functions and analytics in Banking and/or Insurance environments.
Responsibilities:
  • Execute independent model validation protocols for high-risk internal and external models.
  • Utilize specialized technical methods to create and implement validation testing strategies.
  • Replicate model development processes and potentially create challenger models using advanced modeling techniques such as predictive modeling and deep learning.
  • Develop comprehensive testing plans and ensure data quality assessments for models using diverse datasets, including unstructured and large datasets.
  • Review the complete model lifecycle from development through implementation and ongoing monitoring in Banking and Insurance sectors.
  • Analyze inherent model risk ratings, classify model declassifications, assess material model changes, and validate model alterations across all types of models.
  • Oversee and mentor the model validation efforts of team members.
  • Prepare and present validation reports to management, model partners, leadership, and other stakeholders.
  • Align model validation processes with risk and compliance frameworks.
  • Evaluate the effectiveness of model risk controls related to development, deployment, and utilization.
  • Stay up-to-date with emerging modeling techniques and methods for professional advancement.
Technologies:
  • Support
  • Java
  • Phoenix
  • Python
  • SAS
  • SQL
  • Security
  • AI
  • Azure
  • Cloud
  • GCP
  • Machine Learning

More:

At USAA, we are dedicated to empowering our members to achieve financial security through superior products, services, and trusted advice. We pride ourselves on being the top choice for the military community and their families. By joining us, you’ll experience a rewarding career that emphasizes our core values of honesty, integrity, loyalty, and service in every interaction. We offer a flexible work environment, requiring you to be in the office four days a week, with opportunities in various locations including San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO, Charlotte, NC, and Tampa, FL. Our benefits are comprehensive, including medical, dental, and vision plans, along with a robust 401(k) and additional support for your professional growth. USAA is committed to equal opportunity and welcomes candidates from diverse backgrounds.

last updated 52 week of 2025

Job Tags

Full time, Work at office, Flexible hours,

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