PenFed Credit Union (Remote) Capital Planning and Stress Testing Manager in Charlotte, North Carolina
Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family.
PenFed is hiring a (Remote) Capital Planning and Stress Testing Manager associated with one of our following offices: Tysons, Virginia; Charlotte, North Carolina; Philadelphia, Pennsylvania; Irving, Texas; Atlanta, Georgia; Pittsburgh, Penssylvania; or Minneapolis, Minnesota. The primary purpose of this job is to manage various components while leading the execution of financial analysis in support of PenFed’s capital planning and stress testing process and annual regulatory requirements.
This role can be located anywhere in the United States
The anticipated starting salary range for this role is $91,474.00 to $137,783.00
This position is eligible for the organization’s annual Balanced Scorecard bonus subject to board discretion and approval
This position is also eligible for the opportunity for an annual Pay for Performance bonus
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.
Execute the production of, and support the ongoing development of, the capital plan and stress testing deliverables in compliance with NCUA regulatory requirements.
Provide ownership of reporting materials and presentations used by Finance team to analyze the drivers impacting projected net income, risk, and net worth capital levels from changes in underlying data positions, asset/liability balance sheet product segment composition, macroeconomic factors, yield curves, model specifications and other balance sheet assumptions and risk factors.
Develop working knowledge of evolving modeling requirements for existing and emerging PenFed financial products and a comprehensive understanding of the impact of macro-economic factors on the balance sheet and income statement.
Participate in and occasionally lead in preparing key discussion topics for, meetings with business units, modelers, and forecasters to improve modeling approaches and provide for an integrated, transparent business process.
Support the Senior Manager/Director with the delivery and preparation of accurate enterprise position data to the NCUA in support of their ongoing challenger modeling program.
Provide Ownership of the preparation of materials pertaining to project working group communication, committee and Board presentations and examiner deliverables.
Establish and maintain relationships with Finance, Risk and LOB teams involved in the modeling effort for NII, credit risk forecasting, Allowance for Credit loss models, including familiarity with data requirements, model performance, and results diagnosis.
Lead the production and maintenance of all relevant process documentation.
Lead the performance of ad hoc analysis or tasks, as needed.
Equivalent combination of education and experience is considered.
Bachelor’s degree is required. Advanced degree (MBA) in a quantitative subject, such as Economics or Finance; Master’s Degree in Finance; CFA certification, or a combination of education and relevant experience is preferred.
Minimum five (5) years’ experience with QRM Balance Sheet Management tool is required.
Minimum three (3) years’ experience required, five (5) years preferred, working within a financial planning and forecasting related function, including a basic understanding of cashflow modeling of standard bank asset and liability instruments.
Minimum three (3) years’ experience with the regulatory capital stress testing and/or the Federal Reserve’s CCAR testing process, or similar role within a Treasury/ALM capacity.
Generalized, working understanding of SQL or similar data query competencies.
Excellent communication, interpersonal, and structured thinking skills, with an ability to operate with minimal oversight.
Proven experience with managing multiple tasks with strict, non-negotiable deadlines, whether as a team lead or individual contributor capacity
High proficiency utilizing Microsoft Excel as well as the other Microsoft Office suite of software (Word, PowerPoint)
Past experience managing a team or acting as team lead is preferred.
- This position does not have any supervisory responsibility.
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.
Ability to travel to various worksites may be required.
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. 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.
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 402-639-8568.