Data Scientist, Credit Risk Modeling

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 (Remote) Data Scientist, Credit Risk Modeling associated with our Tysons, Virginia location. The primary purpose of this job is to develop and implement advanced analytics solutions and processes used to minimize risks on the organization. This includes but is not limited to the review, design, and develop quantitative risk models; support model validation, audit, and other regulatory requirements; aid in model implementation and model execution in the production environment, model monitoring, as well as the conduction of related ad hoc analytics within the Model Risk Management framework under the supervision of manager or other senior staff. This role can be located anywhere in the United States The anticipated starting salary range for this role is $83,527 - $126,440 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 Responsibilities Conduct end-to-end statistical model development, and/or support 3rd party vendor’s model development process, including but not limited to identifying objectives, data cleaning and preparation, feature selection, model selection and testing. Prepare model documentation. Support in model validation and implementation after the development of models/tools and support the platform configuration for the production environment. Run routine model monitoring reports to monitor and track various credit risk metrics and summarize the insights from the reports. Propose model overlays for unsatisfactory model performance. 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 model performance. Understand the trends within consumer portfolios, their impact on model implementation design and performance, and develop timely approach to address changes; Develop necessary analytics and processes during model implementation and forecasting process to provide production support and resolution. Understand different model use cases including Allowance for Credit Losses (ACL) for CECL, stress testing (CCAR/CPST), and budget planning. Develop and maintain positive working relationships with Model risk, Finance, Accounting, lines of business, and model users. Qualifications Bachelor’s Degree in a quantitative subject, such as Econometrics, Mathematics, Statistics, Economics or Finance with a minimum of four (4) years of related work experience from a financial institution or consulting. Minimum two (2) years’ experience with a master’s degree in the related field. Minimum one (1) year experience in quantitative modeling or data analytics. Knowledge of data analytic/visualization tools SQL and Excel is required. Knowledge of some statistical tools such as SAS, R, Python is strongly preferred. Possess effective communication skills to condense technical subject matter into clear presentable messages to different audiences. Knowledge of Applied experience with Logistic Regression, Linear Regression, Time Series Analysis, survival analysis, and other predictive modelling approaches. Prefer candidates with strong intellectual curiosity and a good common sense to understand business problems. Detail oriented, results driven, and can navigate in a quickly changing and high demand environment to develop solutions while balancing multiple priorities. Ability to interact effectively with team members across the management team, Lines of Business (LOB), accounting, finance, model governance, oversight, validation, and audit organizations. 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 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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