Manager, Quantitative Modeling
Develop and enhance stress testing methodology to satisfy various regulatory requirements. Thorough statistical analysis of the underlying data, such as regression and time series analysis, and understanding of the various macroeconomic factors and risk factors that impact the credit quality of portfolios.
Write high-quality model documentation that satisfies the internal model approval functions, audit requirements, and the regulators.
Perform or direct research to challenge, support, or improve modeling approaches.
Review and dissect forecasts and their drivers.
Analyze the impact of changes in macroeconomic indicators on portfolio/business performance. Proficient in scenario analysis.
Provide clear and insightful analytic modeling results, feedback and interpretation by way of written analysis and/or oral reports to various involved business units.
Prepare and maintain summary-level, technical, and change log documentation of developed quantitative modeling methodologies.
Advanced degree (master's or above) in a quantitative subject, such as Mathematics, Operations Research, Statistics, Economics or Finance; or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the job.
Minimum of 3 year of experience within the financial services industry.
Extensive understanding of retail lending – mortgages, auto, credit cards, student loans, and others.
Extensive experience with industry best practice modeling techniques and demonstrable skills in rapid development, prototyping, benchmarking, and empirical analysis.
Strong programming skills in a statistical programming language such as SAS, STATA, VBA and database skills such as SQL.
Ability to condense highly technical subject matter into clear, effective presentation-quality communications to senior management.
Experience in CCAR, DFAST, RWA, Stress Testing is preferred.
Experience with PPNR modeling is preferred.
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.Equal Employment Opportunity
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