Risk Analyst II

USAA•Plano, TX

2d•Hybrid

About The Position

At USAA, the mission is to empower members to achieve financial security through competitive products, exceptional service, and trusted advice, aiming to be the #1 choice for the military community and their families. The company's core values are honesty, integrity, loyalty, and service. The Risk Analyst II is responsible for assessing and overseeing enterprise and business exposures, including key and emerging risks, with a focus on understanding the 'why' behind risk for effective root cause analysis. This position monitors the overall risk and control environment, providing effective challenge to stakeholders to ensure exposures remain within acceptable risk tolerances. The individual will lead cross-functional initiatives, ensuring deliverables, milestones, and timelines are met, and should have prior experience developing and managing Risk Appetite Metrics (RAMs) and Key Risk Indicators (KRIs) within a major financial institution. The role involves leveraging AI tools to improve processes, enhance operational efficiency, and strengthen risk insights, supported by hands-on experience with analytical tools such as SQL, Python, and Snowflake. Strong written and verbal communication skills are essential for influencing stakeholders, escalating matters, and reporting risks and trends to governance bodies and senior leadership. This role offers a flexible work environment requiring 4 days per week in the office, located in Plano, TX.

Requirements

Bachelor's degree in Risk Management, Business, Finance, or a related field.
4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
2 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.
Knowledge of risk management principles, tools and applicable systems.
Risk management experience related to banking, insurance and/or financial services.
Ability to work with internal and external partners in a collaborative environment.
Working knowledge of data analysis tools and techniques.
Working knowledge of Microsoft Office products including Excel and PowerPoint.

Nice To Haves

Demonstrates natural curiosity and a strong interest in understanding the “why” behind risk to support effective root cause analysis
Working knowledge of AI tools and the ability to leverage AI to improve processes and drive operational efficiency
Proven experience leading cross‑functional initiatives while ensuring milestones and timelines remain on track
Prior experience developing and/or overseeing Risk Appetite Metrics (RAMs) and Key Risk Indicators (KRIs) within a major financial institution
Hands‑on experience with analytical tools such as SQL, Python, and Snowflake
Strong written and verbal communication skills with the ability to influence and engage stakeholders
U.S. military experience, either through direct service or as a military spouse/domestic partner, preferred

Responsibilities

Partners with key stakeholders in the business 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 maturing knowledge.
Assists in communicating results of risk assessments to governance committees, business process owners and various levels of leadership.
Supports the implementation of new risk policies, practices, appetites and solutions to ensure holistic understanding and management of risks according to industry best practice.
Supports processes that focus on enhancing strategies, tools, and methodologies to measure, monitor, and report risks.
Applies maturing knowledge to participate in producing analytical material for discussions with cross functional teams to understand business objectives and influence solution strategies.
Contributes in cross-functional teams to identify, assess, aggregate and mitigate current and emerging risk events.
Assists in the formulation of stress test plans for a line of business or the enterprise including the evaluation of results and framing of contingency plans in partnership with key business stakeholders.