Senior Manager, Credit Analytics and Modeling

Location
Tysons Corner , Virginia
Posted
Feb 03, 2017
Closes
May 25, 2017
Ref
4382
Function
Analyst, Management
Hours
Full Time
Summary

PenFed is hiring a Senior Manager, Credit Analytics and Modeling in Alexandria, VA.  The position will set up strategic plan for the credit risk modeling team, leading the team to  develop and monitor credit risk models used by the credit union for loan originations, risk adjusted pricing, portfolio management, and collections. This position will develop and implement credit risk models through collaboration with stakeholders throughout the credit union.

 

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.

    Work with key stakeholdes and set up agenda which alignes with overall business strategic goal Be capable and creative on leveraging various statistical methodology to solve business problem Develop and implement acquisition, pricing, and credit underwriting models used to support lending decisions by using advanced modeling and simulation techniques to optimize the performance of loan products and operations. Develop statistical models and scorecards used in credit underwriting, loan pricing, collection, and portfolio risk monitoring. Collaborate with product managers in optimizing marketing campaigns used in acquisitions that align with the credit policies and scoring models. Develop price elasticity models to support risk adjusted pricing. Establish and own model governance for the models built and owned by the team Monitor performance of quantitative models and support independent model validation efforts in accordance with the model governance policy. Participate in identification, measurement, and monitoring of credit risk as it relates to Merger and Acquisition (M&A), loan purchases and participation, and other new business strategies. Utilize credit models and analytics to assist lending with policies and strategies that maximize profits and asset growth and minimizes credit and operating losses as well as other risk exposures.
 

Education and Experience

Equivalent combination of education and experience is considered.

    Bachelor’s Degree in Mathematics, Statistics, Economics, Engineering or a related field is required.  Master’s Degree in a quantitative field is highly preferred. Minimum of eight  (8) years’ of experience in quantitative modeling is preferred. Experience with SAS and proficiency working with large datasets is required. Ideal candidate would have experience in at least one (1) of the following areas:
      Real Estate
        experience building quantitative risk models for real estate lending knowledge of real estate products is preferred
      Consumer Lending
        experience building quantitative risk models for unsecured consumer products like credit cards and personal loans Knowledge of unsecured consumer products like credit cards and personal loans is preferred.
 

Supervisory Responsibility

    This position will directly 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.

 

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is required to meet the following physical demands:

Physical Demand

None

Seldom

Occasionally

Frequently

Reading

 

 

 

X

Writing

 

 

 

X

Sitting

 

 

 

X

Standing

 

 

X

 

Walking

 

 

X

 

Bending, Stretching or Reaching

 

 

X

 

Driving

 

 

X

 

Talking on the phone, person-to-person & in group

 

 

 

X

Hearing on the phone, person-to-person & in group

 

 

 

X

Vision for near, mid-range, far, peripheral, depth and color

 

 

 

X

Use of computer

 

 

 

X

Use of telephone

 

 

 

X

Use of office equipment

 

 

 

X

Pushing/pulling/lifting/ carrying from 5 to 50 lbs.

 

X

 

 

 

Travel

Limited travel to various worksites is required.

 

To perform the job successfully, an individual should demonstrate the following behaviors to perform the essential functions of this job:

 

  1. Customer/Client Focus.
  2. Ethical Conduct.
  3. Personal Effectiveness/Credibility.
  4. Interpersonal Skills
  5. Communication Skills
  6. Problem Solving Skills
  7. Ability to Maintain Confidentiality
  8. Quality control
  9. Dependability
  10. Safety and Security
  11. Adaptability
  12. Planning/Organizing
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.