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Audit Advisor - Model Risk Management
USAA | San Antonio, TX | 9/7/2014
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JOB DESCRIPTION

We are currently seeking talented Senior Auditor (Model Risk Management Assurance) for our San Antonio, TX facility. 

PURPOSE OF JOB 

The Audit Advisor plans, directs and independently completes highly complex and often unique risk-based assurance and advisory engagements in the field of business operations, finance, compliance and/or Model Risk Management Assurance. Manages strategic initiatives. Performs one or more of the following activities: serves as a business and/or Model Risk Management SME; analyzes issues and makes decisions; establishes collaborative client relationships; and proactively works with client management to improve internal controls. Adheres to the Institute of Internal Auditors' Standards and Code of Ethics. This position serves as a lead and is reserved for employees with significant professional experience and a high level of subject matter expertise in their field.

JOB DUTIES

  • As a subject matter expert, provides recommendations to leadership and guidance to staff members. Promotes the development of effective team relationships and functions in various capacities to ensure the success of team efforts.
  • Updates engagement risk assessments utilizing current data.
  • Independently prepares, reviews, and leads special reviews, investigations, monitoring activities, and work for external auditors and/or regulators. Ensures assigned engagements are completed objectively, professionally, and in accordance with corporate and industry audit standards.
  • Executes and may lead audit fieldwork on assigned internal audit engagements with limited to no supervision in support of execution of the annual audit plan. Manages engagement-related efforts and assignments of staff with varying degrees of expertise and experience when conducting engagements as the Auditor-in-Charge (AIC).
  • Mentors others on the use of various business systems, applications, and audit tools and may create queries and ad hoc reports. Reviews, analyzes, and interprets data collected from multiple sources to ensure valid conclusions are drawn. Conducts fact finding interviews with client management.
  • Proactively identifies control weaknesses and opportunities for improvement in the current operating environment and recommendations for corrective action. Drafts the related observations (business issues) and audit reports for issuance to respective client leadership and conducts follow-up activities as defined in the observations.
  • Provides input into the creation of the internal audit universe and annual plan. Participates in the development of the strategic annual plan ensuring risks are appropriately identified and rated and assists with the implementation of the annual plan.
  • Performs all other tasks as assigned.

Minimum Requirements

  • Bachelor's degree or six years of relevant experience in lieu of a degree.
  • 8 years of audit, financial, insurance, banking, information technology or related business experience.

Preferred 

  • Masters or PhD in Economics, Statistics, Math, or related field.
  • Preferred designations include CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), CFSA (Certified Financial Services Auditor), CRMA (Certification in Risk Management Assurance) or other relevant business designation.
  • Expert knowledge of internal controls, business and information technology risks and/or audit techniques.
  • Expert knowledge of the regulatory environment for relevant industry.
  • Experience with audit engagement support tools including electronic workpapers.
  • 4-6 years related work experience in statistical analysis or analysis of models.
  • Experience determining the quality, limitations, assumptions and uncertainties associated with financial models.
  • Model risk management experience utilizing understanding of the risks and controls that contribute to the development of financial models.
  • Excellent project management and analytical skills with an ability to multi-task and manage competing priorities.
  • Ability to perform root cause analysis, identify trends, and recommend corrective course of action.

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.

Share our pride. Join our mission.

As a Fortune 200 financial services organization, USAA is on a mission - to facilitate the financial security of our members, the men and women of the U.S. military and their families worldwide by providing a full range of financial services and products. Headquartered on a showcase campus in San Antonio, TX, USAA attributes its long-standing success to its most valuable resource, our 26,000 employees. They are the heart and soul of our member-service culture.

Recently Ranked #17 in Fortune's 100 Best Companies to Work For in 2014 and marking our fifth straight year in the list's Top 50, we are proud to receive consistently outstanding awards and ratings for member service, employee well-being and financial strength. Everything that happens at USAA is based on our core values: Service, Loyalty, Honesty, and Integrity. These are the foundations of how we do business with our members, as well as how we treat each other.

At USAA our employees enjoy one of the best benefits packages in the business, including business casual dress environment, comprehensive medical, dental and vision plans, along with wellness and wealth building programs. Additionally, our career path planning and continuing education will assist you with your professional goals.

USAA also offers a variety of on-site services and conveniences to help you manage your work and personal life, including seven cafeterias, two company stores and three fitness centers.

Relocation assistance is available for this position.

Qualified applicants must successfully complete a pre-employment background and drug screen.

USAA is an EEO/AA Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status or other status protected by law.


JOB REQUIREMENTS

 
JOB SNAPSHOT

Employment Type: Full-Time
Base Pay: N/A
Other Pay: N/A
Industry: Insurance
Education: 4 Year Degree
Experience: Not Specified
Manages Others: Not Specified
Relocation: Not Specified
Required Travel: Not Specified
Job ID: US-20449
COMPANY OVERVIEW
USAA

Share our pride. Join our mission.

As a Fortune 200 financial services company with more than $113.5 billion in owned and managed assets, USAA is on a mission — to facilitate the financial security of our members, the men and women of the U.S. military and their families worldwide. Headquartered on a showcase campus in San Antonio, TX, USAA attributes its long-standing success to its most valuable resource, our 22,000 employees. They are the heart and soul of our member-service culture.

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  • Audit Advisor - Model Risk Management @ USAA