Modeler I

Tysons Corner , Virginia
Aug 21, 2017
Aug 29, 2017
Full Time

PenFed is hiring a Modeler I in McLean, VA. The primary purpose of this job is to assist senior modelers and management with the development and evaluation of credit models associated with PenFed’s lending function to quantify the organization’s credit risk exposure and evaluate the performance of established controls.  Provide statistical input for the development and implementation of policies, plans, and programs related to credit origination and portfolio monitoring.  

Essential Functions

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.

  • Interact with and advise Management regarding credit risk issues; formulate product strategy recommendations, and evaluate the risk in the overall loan portfolio.  Aid in development of criteria for underwriting various product lines. 
  • Create statistical financial models to produce recommendations and reports in support of business initiatives, efficiencies, and potential strategies. This includes modeling design, development, process and utilization of sophisticated statistical modeling methods and tools.
  • Apply intermediate to advanced knowledge of financial processes and procedures, and routine modeling theories and techniques to create effective modeling solutions for a single or multiple business functions.
  • Participate in corporate projects as requested.
  • Keep informed of new ideas and academic research within the industry, best practices, and regulatory developments through publications, membership in professional organizations and contact with other financial institutions.     
  • Ability to perform detailed, complex concepts and problems, balances multiple tasks simultaneously, and makes rapid decisions regarding administrative and project issues
  • Ability to effectively communicate and develop smooth and constructive relationships with internal/external customers, management, staff, members and vendors.


Education and Experience

Equivalent combination of education and experience is considered.

  • Advanced degree in a quantitative discipline or equivalent or a combination of education and experience, minimum of one (1) year, that provides the necessary skills and knowledge to satisfactorily perform the essential job functions.
  • Advanced knowledge of data analysis/mining and statistical techniques (Logistic Regression, Linear Regression, Time Series Analysis, Decision Trees, Cluster Analysis, Neural Networks, Factor analysis, experimental design and hypothesis testing).
  • Strong programming skills to include knowledge of statistical programs (e.g. SQL, SAS, SPSS, R, advance database programs)
  • Excellent oral and written communication skills required.
  • Ability to work a flexible work schedule to include long and/or irregular hours, in order to meet the demands of the position.    

Supervisory Responsibility

    This position will not supervise employees.

Licenses and Certifications

    There are no additional certifications required.

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.



About Us

Founded in 1935, and still growing, we began as the War Department Federal Credit Union.  Today, PenFed is one of the country’s strongest and most stable financial institutions with over 1.5 million members and over $21 billion in assets.  We serve members in all 50 states and the District of Columbia, as well as on military bases in Guam, Puerto Rico and Okinawa. 

Our mission isn’t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality.

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.

PenFed is an Equal Opportunity Employer

PenFed will maintain and observe personnel policies which will prohibit discrimination or harassment against a person because of race, color, creed, age, sex, gender, religion, national origin, ancestry, genetic information, military or veteran status or obligation, the presence of a physical and/or mental disability and all other 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 703-838-1568.

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