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PenFed Credit Union Analyst II, Market Risk Quantitative Analytics in McLean, Virginia

Overview

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 (Hybrid) Analyst II, Market Risk Quantitative Analytics at our Tysons, Virginia location. The primary purpose of this job is to analyze data from corporate data warehouse to feed into new Market Risk systems; engage with data transformation team and perform data quality review and incorporate data updates. This position will also support the Market Risk governance function and the new PolyPaths system implementation as well as leading communications with IT and Enterprise Data teams. The secondary purpose of this job is to analyze data and create quantitative techniques to automate and enhance new Market Risk systems and models. Market Risk Management is building out the PolyPaths enterprise risk system for benchmarking and challenger models so enhancement of interest-rate modelling and prepayment analytics will be essential.

Responsibilities

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.

  • Participate in building machine-learning analysis techniques to augment risk hedging decisions as well as improve interest model, AdCo prepay model in PolyPaths risk systems.

  • Collaborate with business and technical partners to understand and evaluate their requirements regarding data/analytic tool/models and determine the optimal way to gather data and present results.

  • Work closely with team leads to analyze data based on various business and regulatory scenarios.

  • Perform ad hoc analyses to support business and to identify emerging risks.

  • Identify, collect, and analyze behavioral/performance data from both internal and external sources to understand the impacts of policy changes and macro dynamics on portfolio performance.

  • Produce documentation, procedures, and applicable training materials for new departmental processes.

  • Modify and execute monthly Python/SQL scripts to extract data from various systems including SnowFlake and compare against historical model performance for feed into the new PolyPaths risk system.

This role is responsible for ensuring business continuity.

Qualifications

Equivalent combination of education and experience is considered.

  • Bachelor’s degree in Statistics, Computer Science, Economics, Mathematics, Financial Engineering, Operations Research, Engineering, Finance, Physics or related field with a minimum of four (4) years of related work experience from a financial institution or consulting.

  • Minimum 3 years’ experience with a master’s degree in the related field.

  • Minimum 2 years of experience with Python

  • Minimum 2 years of experience with data analysis and SQL

  • Minimum 1 years of experience in machine learning.

  • Minimum 1 year of experience manipulating and analyzing large data sets.

  • Ability to work independently and as part of a team, self-motivation, adaptability and positive attitude.

  • Some background in market risk and trading is preferred as a plus besides tech skills.

  • Must have strong communication skills.

  • Ability to estimate work accurately and produce deliverables on time with minimal supervision.

Work Environment

Hybrid work role – 2.5 days in the office - 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

Ability to travel to various worksites and be on-call may be required.

About Us

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 OpportunityPenFed 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.

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