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.
We are proud to support active-duty military spouses. USAA roles may offer remote or hybrid flexibility for active-duty military spouses consistent with applicable policy and business needs.
The Opportunity
This role requires a seasoned professional to manage and oversee risk within the Private Credit book of business, ensuring alignment with strategic objectives. The Principal will be instrumental in enhancing the existing risk framework and applying it across the entire Second Line of Defense (SLOD) Private Credit lifecycle. A key aspect of this position involves identifying and prioritizing capabilities needed to effectively manage risk and support strategic execution. This includes deep expertise in covenant oversight, comprehensive asset manager due diligence and monitoring, and leveraging industry best practices derived from leading insurance LPs and institutional allocators. The Principal will play a crucial role in the oversight of private credit risk management and communicating this vision to leadership.
We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO, Charlotte, NC, or Tampa, FL.
Relocation assistance is available for this position.
Key Responsibilities:
Minimum Education:
Bachelor's degree in Economics, Finance, Accounting, or a related quantitative discipline.
Alternatively, four additional years of experience in a quantitative discipline may substitute for a degree.
10 years of experience as a financial analyst, portfolio manager, or researcher
5-6 years of experience with managing, monitoring, and/or oversight of a private credit book of business
Experience with covenant analysis, loan documentation, and asset manager due diligence and monitoring processes.
Demonstrated strategy development and thought leadership within the asset management industry.
Leading-edge knowledge and expertise in theories, techniques, and technologies within the financial risk industry, with a focus on private credit.
Ability to interpret financial data, assess market trends, and perform due diligence.
Proficiency in financial modeling, Excel, and financial software for the analysis of large datasets
Expert knowledge of financial markets and emerging risks impacting investment portfolio performance, specifically within private credit.
Expert knowledge of complex asset classes such as asset-backed securities, mortgage-backed securities, and/or alternative investments.
Mastery of consulting skills with proven experience communicating analytical and modeling results to non-technical business partners, with an emphasis on business recommendations and actionable applications of results.
Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) professional designation is highly desirable.
Familiarity with Value-at-Risk (VaR), stress testing, and scenario analysis
Familiarity with insurance industry regulations and risk management expectations for Limited Partnerships (LPs).
What sets you apart:
Compensation range: The salary range for this position is: $189,370 - $361,950**.**
USAA does not provide visa sponsorship for this role. Please do not apply for this role if at any time (now or in the future) you will need immigration support (i.e., H-1B, TN, STEM OPT Training Plans, etc.).
Compensation: 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 data of the position. The actual salary for this role may vary by location.
Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.
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.
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.
For more details on our outstanding benefits, visit our benefits page on USAAjobs.com.
Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. Thus, interested candidates are encouraged to apply the same day they view this posting.
USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.