Senior Data Scientist, Credit Risk Modeling
7 days left
- Full Time
PenFed is hiring a Senior Data Scientist, Credit Risk Modeling in our headquarters office located in McLean, VA. The primary purpose of this job is to develops and evaluate models associated with PenFed’s lending function to quantify the organization’s credit risk exposure and evaluate the performance of established controls. Incumbent provides statistical input for the development and implementation of policies, plans, and programs related to credit origination and portfolio monitoring.
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 advises Management regarding credit risk issues; formulates product strategy recommendations, and evaluates the risk in the overall loan portfolio.
- Aid in development of criteria for underwriting various product lines.
- Autonomous end-to-end statistical model creation, Including but not limited to identifying objectives, compiling data, sampling/prepping data, feature selection, model comparison/selection, deployment and monitoring. Ensures adequate internal control processes around model development, implementation and validation are established.
- Development, monitoring and maintenance of custom risk scorecards using advanced machine learning and statistical method. Recommends and implements model changes to improve performance of credit functions.
- 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
- Assist management with maintaining PenFed’s compliance with all applicable federal, state and local laws, regulations and ordinances by abiding by PenFed compliance program and all policies, procedures, rules and regulations
Education and Experience
Equivalent combination of education and experience is considered.
- Ph.D. or Master Degree in a quantitative discipline is required.
- Minimum of two (2) years’ of related work experience in building statistical models and advanced data analysis.
- Applied experience with Logistic Regression, Linear Regression, Time Series Analysis, Decision Trees, and Cluster Analysis.
- Advanced programming skills to include knowledge of statistical programs (e.g. SQL, SAS, SPSS, and R).
- Ability to manage multiple projects simultaneously and implement rapid changes in project direction.
- Proven project management skills.
- Excellent oral and written communication skills required
This position will not supervise employees.
Licenses and Certifications
There are no additional certifications required.
While 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.*
Limited travel to various worksites is required.
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 1.6 million members and over $23 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico, Okinawa, and Portugal. 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.
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
PenFed 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 703-838-1568.