Fraud Model Management Lead

3 days ago

CO United States USAA Full time
About USAA

USAA is a mission-driven organization that facilitates the financial security of millions of U.S. military members and their families. We value honesty, integrity, loyalty, and service, and we're committed to giving back to those who have served.

The Opportunity

We're seeking a highly skilled Fraud Model Management Lead to join our team. As a senior team member, you'll work closely with our Director and other staff to implement first-line model management activities on a portfolio of fraud and financial crimes models. You'll partner with Bank Financial Crimes leadership, Enterprise Model Risk Management (MRM), Legal, Compliance, Technology, Model Users, and other partners to deploy sophisticated technical model development documentation and conduct ongoing monitoring.

Key Responsibilities
  • Track the value and health of models with regard to loss mitigation and improvement to expense and Member experience.
  • Meet with MRM validators and other partners to facilitate completion of MRM validation work and deliver key insights to model users on performance/strengths/weaknesses of scores.
  • Partner with Director to ensure accuracy, completeness, and consistency of metrics in ongoing monitoring.
  • Support ML Ops as needed (implementation testing and testing processes, change logs and other critical functions).
  • Work with vendors to understand model plans; provide meticulous effective challenge to vendors.
  • Coordinate with ML Ops function to stay abreast of post-model implementation testing, model change logs, tracking of issues that result in performance changes, awareness of upcoming projects and programs that can affect models, as well as project managing new model initiatives.
  • Peer-review model documentation produced by other team members.
Requirements
  • Bachelor's degree in a quantitative field, such as Economics, Mathematics, Statistics, Actuarial Science, Data Science, Engineering, Computer Science, or a Related Field with Core Quantitative Curriculum.
  • 8 years of related work experience in model validation, model development, statistical analysis, and/or sophisticated quantitative research.
  • Strong experience communicating complex quantitative/technical concepts and conclusions to senior leadership, auditors, and/or regulators.
  • Strong programming skills in R, Python, SAS, Java, C, SQL, and/or other comparable programming languages for the iterative methodological tenants of model and algorithm development.
  • Subject Matter Depth and Breadth with at least four of the following statistical, econometric, data science, and predictive modeling approaches: Unsupervised Learning; K-Means; Linear Regression; Time-Series/Forecasting; Stress Testing; Logistic Regression; Gaussian Process; Simulation Models; Boosting/Bagging Trees; Neural Networks; Deep Learning Concepts; Bayesian Estimators.
  • Strong business context knowledge in operational and support functions of Banking and/or Insurance as well as associated modeling and analytics knowledge.
  • Business and industry skill in modeling governance techniques and approaches.
  • Experience sharing modeling governance technical expertise and mentorship with peers.
What Sets You Apart
  • US military experience through military service or a military spouse/domestic partner.
  • Graduate degree in a quantitative subject area.
  • Over 6 years of experience with model validation, particularly within a regulated industry and working in MRM or a similar function.
  • Experience in model development and validation specifically in the fraud/financial crimes domain.
  • Experience partnering with vendors to understand their model offerings, update plans and development roadmaps.
What We Offer

USAA offers a competitive salary range of $158,960 - $286,130, as well as a comprehensive benefits package, including 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. We also offer career path planning and continuing education to assist employees with their professional goals.

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