VP, Risk Management - Property & Casualty (P&C) Risk

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

The VP, Risk Management - Property & Casualty (P&C) will report directly to the SVP, Chief Risk Officer - P&C and will be responsible for recognizing and reporting strategic and aggregate risks across the P&C business while advancing the Risk Management function for aggregation, quantification, and qualification of risks. This executive will have exposure to boards and members of executive council and will be responsible for reporting risks to senior leadership, in addition to working with those same individuals to effectively assess and influence business decisions and direction. This executive will also partner with other officers within the Chief Risk Office organization and the business to influence and set strategy for advancement of the risk management framework. In doing so, this executive will set direction for a multitude of risk management programs and oversee the delivery of those programs across the P&C line of business.

USAA offers 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; Charlotte, NC; Tampa, FL. Relocation assistance is available for this position.

What You'll Do

• Oversee and guide an independent Risk Management function in establishing and monitoring compliance with risk limits, identifying and aggregating the firm's risks, assessing the firm's risk positions relative to the parameters of the firm's risk tolerance, and providing key risk information to senior management and the board of directors.
• Serve as a key adviser engaging in senior leaders' strategy discussions and decisions, real-time evaluations of potential short term and long-term risks, and effective influence and challenge to ensure safety and soundness of the business deliverables and accomplishment of objectives.
• Lead teams dedicated to managing risk within overall business strategies in alignment with strong and effective risk governance and oversight.
• Set the agenda, builds diverse high-performing teams, and sell the vision on an effective Risk Management program. Ensure training and coaching of employees and provides the team with development opportunities.
• Establish a long-term view of how risk systems and governance should be adapted and integrated to maximize the ability to manage risk in an environment shaped by regulatory change and disruptive, emerging technologies.
• Partner and lead senior risk executives in establishing, managing, and adhering to overall risk appetite to include the identification and definition of key methods, metrics, and limits.
• Partner across Risk Management, Finance, and the business while effectively challenging variances to plan and establishing strategies to mitigate. Provide advice to other key business partners to influence and drive key decisions assessing risk and reward through effective challenge.
• Actively engage senior leaders to ensure all risks are addressed in a timely manner and consistent with policy. Interacts & engages with product & channel leaders on complex, multi-product processes and procedures while factoring in all legal & regulatory requirements.
• Liaise with Compliance and Chief Legal Office (CLO) on legal & regulatory considerations that impact business operations and product offerings in accordance with federal and state regulations.

What You Have

• Bachelors Degree; OR 4 years of relevant education and / or experience.
• 10 years of experience at a large financial institution developing, implementing, and maintaining an enterprise-wide risk management program that adheres to business strategy and regulatory requirements and expectations.
• 8 years of people leadership experience in building, managing and/or developing high-performing teams.
• Superior understanding of risk frameworks including: risk governance; risk appetite; process, risk and control analysis; control effectiveness measurement; risk management coverage plan (monitoring, assessment and testing).
• Proven leadership skills and ability to influence decisions at senior levels within a large complex organization.
• Proven capability to communicate effectively across the 1st and 2nd Lines of Defense and build strong, collaborative relationships.

What Sets You Apart

• Experience leading a second line of defense risk management function as a Chief Risk Officer of a business line or association in a top 20 personal lines Property & Casualty (P&C) carrier.
• Subject matter expert in P&C financial risks, including credit risk, market risk, interest rate risk, liquidity risk, stress testing, asset allocation, investment portfolio, capital management, etc.
• Experience leading loss reserving, underwriting, and/or actuarial and analytics functions in a large P&C organization.

Visa Sponsorship: USAA does not provide visa sponsorship for this position. Please do not apply for this position if at any time (now or in the future) you will need immigration support (i.e., H-1B, TN, STEM OPT Training Plans, etc.).


The salary range for this position is $257,250 to $463,050.

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.

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.

Long Term Incentive Plan: Cash payment for Executive level roles only, representing a cash payment which is both time and performance based.

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.