Investment Portfolio Manager

PenFed Credit Union
Mclean, VA
Sep 24, 2022
Sep 29, 2022
Full Time
Overview: Are 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 an Investment Portfolio Manager at our Tysons, Virginia location. The primary purpose of this job is to perform mid-office operations to support PenFed's investment and portfolio management activities. Responsibilities: Reasonable 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. Produce periodic performance reports of PenFed's Investment programs, and perform necessary tasks, such as securities pricing, market valuation and portfolio analysis, etc. to support PenFed's portfolio management needs. Perform periodic counterparty credit risk analysis on banks and insurance company exposures in the investment portfolio, as well as our derivatives counterparties. This includes both independent internal reviews and credit rating monitoring.Provide economic commentary and produce weekly capital market dashboard to senior management.Conduct research using tools such as Bloomberg and Intex to support Senior Manager in analyzing potential investment opportunities and portfolio rebalancing needs. Support Senior Manager in preparation of pre-purchase documentation.Liaise with PenFed's insurance broker to perform ongoing operation of Charitable Donation Account (CDA) and Credit Union Life Insurance Program (COLI), and to monitor compliance with regulations and internal policies.Identify and implement tasks required to ensure operational compliance with internal Policies & Procedures and board policies for the Investment portfolio program.Provide data and reports for internal and external audits/examinations.*This role is responsible for ensuring business continuity.* Qualifications: Equivalent combination of education and experience is considered.Bachelor's Degree in accounting, economics, finance, statistics or related field required.Minimum of five (5) years of relevant experience in a financial services organization and/or fixed income investment is required.Proficiency in Bloomberg and Intex preferred.Supervisory ResponsibilityThis role will not directly supervise employees.Licenses and CertificationsThere are no additional certifications required.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 may be 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 Us: Established 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

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