Senior Analyst, Credit Risk
Senior Analyst, Credit Risk Summary PenFed is hiring a Senior Analyst, Credit Risk at our headquarters in McLean, Virginia. The primary purpose of this job is to perform analysis related to the credit and operational risks associated to Mergers, Acquisitions, Sales, and new third party relationships. Perform due diligence that focuses on loan origination, loan products, operational procedures, lending policy, compliance, collateral control, data integrity, documentation, servicing, and reporting. 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. Perform portfolio analysis to grow the balance sheet via merger or acquisitions to determine the credit quality adheres to PenFed lending policy. The analysis would include the review of the product description, underwriting guidelines, loan approval, loan process, closing documents, collateral, data integrity, portfolio performance, collections and reporting. Provide administrative support to assist in the growth of the balance and/or increase of the ROA via acquisitions, purchase, sales, mergers or new third party relationship to originate new loans. Assist in the review of new third party business opportunities by performing due diligence, benchmarking industry, review operational process flow, assist in pricing analysis, review portfolio performance and working with product owner for presentation to management. Assist in the loan sale process by preparing loan pools that are eligible for sale. Assist in the preparation for the onsite due diligence by reserving rooms, obtaining access to systems, coordinating dates and times, and preparation of loan documents for review to include promissory note, evidence of lien placement, and credit bureau reports. Assist with the merger process by working with PenFed legal, compliance, marketing, and IT. Assist in contacting vendors (credit bureaus and e-OSCAR) to ensure proper transfer and coding of loan data. Also, assist in mapping/converting the consumer lending portfolio of the merged credit union to the PenFed servicing system. Assist with the monthly investor reporting and reconciliation. Assist with responding to investor questions and/or concerned. Assist in publishing a performance report for purchased loans. Prepare formal written analyses for Senior Management that will be submitted through their department management team for review. Keep informed of new ideas and developments through publications, membership in professional organizations and contact with other financial institutions. Remain abreast of regulatory developments in credit risk management and best practices within the industry. Remain abreast of advancements in academic research related to credit risk management. Assist in the publication of monthly and quarterly reporting. Education and Experience Equivalent combination of education and experience is considered. Baccalaureate degree in related field or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions required. Minimum of three (3) to five (5) years' of progressively responsible work experience in statistical analysis and credit policy. Proficient with statistical analysis required. Strong working knowledge of industry lending and internal lending policies and products. Strong working knowledge of accounting principles. Experience with automated financial systems required. Strong working knowledge of Microsoft Excel and Word. Ability to manage multiple projects simultaneously. Proven project management skills. Excellent oral and written communication skills required. 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. *Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.* Travel Limited travel to various worksites is required. About Us 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 571-289-4710.