PenFed Credit Union (Remote) Senior Manager, Credit Analytics and Modeling in McLean, Virginia
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 Senior Manager, Credit Analytics and Modeling at our Tysons, Virginia location. The primary purpose of this job is to 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.
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.
Lead the team to work on solutions on better risk sloping scoring models, which will be used in underwriting and credit policies for all products, including credit card, personal loan, student loan, auto loan and mortgage.
Lead the team and come up with innovative solutions to reduce fraud activities in the portfolios.
Lead the team and develop statistical risk models to optimize credit card line strategies.
Lead the team to create collection optimization models to improve efficiency.
Lead statistical tools, machine learning and AI transformation in PenFed.
Collaborate with key stakeholders and set up agenda, which aligns with overall business strategic goal.
Collaborate with product managers to optimize marketing campaigns in acquisitions that align with the credit policies and scoring models.
Develop price elasticity models to support risk adjusted pricing, as well as subsequently establish and maintain model governance.
Monitor performance of quantitative models and support independent model validation efforts in accordance with the model governance policy.
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.
Equivalent combination of education and experience is considered.
Master’s Degree in Mathematics, Statistics, Economics, Engineering or a related field is required.
Minimum of ten (10) years of experience in quantitative modeling.
Minimum of two (2) year of direct management experience is required.
Experience with SAS, R and Python and proficiency working with large datasets is required.
Candidate should have experience in at least one (1) of the following areas:
experience building quantitative risk models for real estate lending
knowledge of real estate products is preferred
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.
This position will supervise employees.
Licenses and Certifications
There are no additional licenses and/or 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.
Ability to travel to various worksites and be on-call is required.
Special Message Regarding COVID 19
PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world. In light of the current situation with COVID-19, we have modified our hiring, onboarding, training, and deployment protocols in order to comply with applicable current local and state guidance.
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2 million members and over $26 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 240-224-4256.