OverviewAre you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members "do better." Joining PenFed is more than being an employee; it's about being a part of the PenFed family.PenFed is hiring a (Remote) Senior Manager, Quantitative Modeling at our Tysons, Virginia location. The primary purpose of this job is to lead the team to develop quantitative models for balance sheet management and to support the businesses. This position will develop, implement, and maintain quantitative models through collaboration with stakeholders throughout the credit union. This position will also support other modeling development and implementation functions within the department as needed, including models used for CECL and CPST.ResponsibilitiesReasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.Lead the team to develop models used for quantitative balance sheet management, and to support businesses, such as consumer and home loans businesses.Lead the quantitative analysis of macroeconomic impact on product performance for an effective balance sheet management process, and optimal business product strategy.Collaborate effectively with key stakeholders to ensure that models are consistent and aligned with business objectives.Monitor performance of quantitative models.Support independent model validation efforts in accordance with the model risk management policy.Responsible to produce high-quality model documentation that satisfies model risk management, audit, and regulatory requirements.QualificationsEquivalent combination of education and experience is considered.Master's Degree in Mathematics, Statistics, Economics, Engineering or a related field is required.Candidate should have experience building and/or implementing quantitative models for consumer products for balance sheet management and business strategy.Minimum of ten (10) years of experience in quantitative modeling.Minimum of two (2) year of direct management experience is required.Experience with SAS, R and Python and proficiency working with large datasets is required.Experience in CCAR, PPNR, CECL modeling is preferred.Supervisory ResponsibilityThis position will supervise employees.Work EnvironmentWhile performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*TravelAbility to travel to various worksites and be on-call is required.Special Message Regarding COVID 19PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world. In light of the current situation with COVID-19, we have modified our hiring, onboarding, training, and deployment protocols in order to comply with applicable current local and state guidance.About UsEstablished in 1935, PenFed today is one of the country's strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.Equal Employment OpportunityPenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 240-224-4256.#LI-IR1