PenFed Credit Union
Senior Analyst, Capital Planning & Stress Testing
PenFed Credit Union, Mc Lean, Virginia, us, 22107
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) Senior Analyst, Capital Planning & Stress Testing at our Tysons, Virginia location. The primary purpose of this job is to support the execution and reporting of modeling activities within the capital planning and stress testing process.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.Contribute to the production and assessment of PenFed’s capital plan and stress testing results in compliance with NCUA regulatory requirements.Generate reporting materials and presentations used by the Finance team and challenge groups to diagnose and analyze the drivers impacting projected net income, the enterprise’s risk profile, and net worth capital levels across a variety of scenarios.Develop a familiarity with modeling and configuration requirements for existing and emerging PenFed financial products and initiatives.Perform BAU and ad-hoc requests within the broader QRM modeling function, which may include model upgrade testing, validation exercises, back-testing and new product implementation.Participate in the fulfillment of related data requests or NCUA inquiries related to the Capital Plan function.Collaborate with cross-functional partners, including FP&A and Treasury, to ensure consistency and transparency of key modeling assumptions used within the CPST process.Facilitate the maintenance of updated CPST process and modeling documentation that satisfies internal model risk and audit requirements.Ability to operate within tight timelines while enforcing high standard of accuracy.Demonstrate initiative to self-educate and cross-train.Qualifications
Equivalent combination of education and experience is considered.Bachelor’s Degree in Finance or Economics is required; Advanced Degree in related field is preferred.Minimum of three (3) years' experience with QRM Balance Sheet Management system or similar balance sheet forecasting framework is required.Three (3) to five (5) years' experience in banking or related field of business analysis is required.Fundamental understanding of financial instrument cashflow modeling, including home lending and consumer loan products, as well as retail deposits.Background in developing or producing presentations for executive level review is preferred.Working knowledge of SQL or similar data query competencies used to support data validation and diagnostics.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
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 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.
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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) Senior Analyst, Capital Planning & Stress Testing at our Tysons, Virginia location. The primary purpose of this job is to support the execution and reporting of modeling activities within the capital planning and stress testing process.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.Contribute to the production and assessment of PenFed’s capital plan and stress testing results in compliance with NCUA regulatory requirements.Generate reporting materials and presentations used by the Finance team and challenge groups to diagnose and analyze the drivers impacting projected net income, the enterprise’s risk profile, and net worth capital levels across a variety of scenarios.Develop a familiarity with modeling and configuration requirements for existing and emerging PenFed financial products and initiatives.Perform BAU and ad-hoc requests within the broader QRM modeling function, which may include model upgrade testing, validation exercises, back-testing and new product implementation.Participate in the fulfillment of related data requests or NCUA inquiries related to the Capital Plan function.Collaborate with cross-functional partners, including FP&A and Treasury, to ensure consistency and transparency of key modeling assumptions used within the CPST process.Facilitate the maintenance of updated CPST process and modeling documentation that satisfies internal model risk and audit requirements.Ability to operate within tight timelines while enforcing high standard of accuracy.Demonstrate initiative to self-educate and cross-train.Qualifications
Equivalent combination of education and experience is considered.Bachelor’s Degree in Finance or Economics is required; Advanced Degree in related field is preferred.Minimum of three (3) years' experience with QRM Balance Sheet Management system or similar balance sheet forecasting framework is required.Three (3) to five (5) years' experience in banking or related field of business analysis is required.Fundamental understanding of financial instrument cashflow modeling, including home lending and consumer loan products, as well as retail deposits.Background in developing or producing presentations for executive level review is preferred.Working knowledge of SQL or similar data query competencies used to support data validation and diagnostics.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
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 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.
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