Full-Time

Regulatory Relations Manager

Posted on 11/8/2024

USAA

USAA

10,001+ employees

Financial services for military members and families

Financial Services

Compensation Overview

$89.9k - $172kAnnually

+ Pay Incentives

Mid, Senior

Tampa, FL, USA + 6 more

More locations: Colorado Springs, CO, USA | Plano, TX, USA | Chesapeake, VA, USA | Charlotte, NC, USA | San Antonio, TX, USA | Phoenix, AZ, USA

Requires onsite presence in San Antonio, TX, or any of the listed locations for four days per week.

Category
Risk & Compliance
Legal & Compliance
Required Skills
PowerPoint/Keynote/Slides
Requirements
  • Bachelor's degree; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
  • 6 years experience with regulatory interactions to include collaborating with regulators and risk management policies and frameworks.
  • Demonstrated experience working in a highly regulated environment.
  • Advanced knowledge of laws and regulations applicable to large financial institutions (e.g. OCC Heightened Standards, FFIEC Handbooks and Guidance).
  • Demonstrated ability to apply sophisticated knowledge of regulatory risks to consult and provide insight and guidance.
  • Advanced knowledge of Microsoft Office tools to include Word, Excel and PowerPoint.
  • Proven ability to collaborate with the most senior leaders to provide effective guidance and regulatory expertise.
  • Proven application of critical thinking skills.
  • Proven ability to communicate sophisticated concepts verbally and in writing.
Responsibilities
  • Acts as a trusted adviser to the Business and control functions on regulatory and supervisory developments; and regulators on USAA specific developments.
  • Ensures regulators have appropriate access to USAA resources (GRC tools, applicable policies or procedures) and information required to discharge their supervisory responsibilities with respect to exams.
  • Develops and communicates insights on USAA-specific regulatory engagement issues, in addition to broader regulatory industry-wide issues/themes.
  • Centrally tracks and coordinates stakeholder responses to questions and information requests received from regulators, ensuring timely delivery and escalating when needed.
  • Performs quality assurance on stakeholder responses ensuring completeness and accuracy before submitting responses to regulators.
  • Provides status updates for all requests to both internal stakeholders and regulators.
  • Serves as a resource to team members on escalated issues.
  • Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

USAA provides financial services specifically for the military community, including active-duty members, veterans, and their families. They offer a variety of products such as auto, home, life, and health insurance, as well as banking services like checking and savings accounts, credit cards, loans, and mortgages. Their retirement services include investment options and personalized financial planning. USAA operates on a membership model, allowing only military members and their families to join, which helps them understand and meet the unique financial needs of this community. Unlike many other financial institutions, USAA's leadership team has military backgrounds, reinforcing their commitment to serving their members with a focus on financial wellness and community support.

Company Stage

N/A

Total Funding

N/A

Headquarters

San Antonio, Texas

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • USAA's investment in digital tools and platforms enhances customer experience, reflecting its adaptability and commitment to innovation.
  • The company's focus on military appreciation and partnerships, such as with the Frisco RoughRiders, strengthens its brand loyalty within the military community.
  • Despite layoffs, USAA's continued hiring and filling of over 8,300 jobs this year indicate robust growth and adaptation to changing business needs.

What critics are saying

  • The recent layoffs and top-level departures, including the upcoming retirement of CEO Wayne Peacock, could lead to instability and affect employee morale.
  • USAA's poor ratings from the Office of the Comptroller of the Currency in 2023 and 2022 highlight potential regulatory challenges and reputational risks.

What makes USAA unique

  • USAA's exclusive membership model allows it to deeply understand and cater to the specific financial needs of the military community, unlike broader financial institutions.
  • The company's leadership, with many having military backgrounds, ensures a strong alignment with the values and needs of its members, setting it apart from competitors.
  • USAA's commitment to corporate responsibility and community resilience initiatives further distinguishes it as a socially responsible financial services provider.

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