Senior Analyst, Asset/Liability Management and Valuation
PenFed Credit Union, Mc Lean, Virginia, us, 22107
Overview
PenFed is hiring a Remote Senior Analyst, Asset/Liability Management and Valuation associated with our Tysons, Virginia location. The primary purpose of this job is to perform effective interest rate management for the credit union's balance sheet. The role will support building out the ALM framework – measuring, monitoring, and mitigating ALM interest rate risk. This position will be responsible for modeling using the QRM platform – from data analysis, risk assessment and scenario analysis, through reporting and documentation. The individual contributor is expected to coordinate with internal partners, produce robust quantitative analysis and support the continual improvements of the ALM framework. This role can be located anywhere in the United States. The anticipated starting salary range for this role is $81,723 - $129,880. This position is eligible for the organization\'s 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
Perform advanced analysis and measurement related to interest rate risk, asset/liability valuation, and pricing assumptions. Contribute to the implementation of complex financial models and assumptions within the QRM platform. Improve, validate and benchmark model performance, including the optimization of non-modeled assumptions. Assist and lead the development of attribution reporting and analytical tools. Identify key data dimensionality and risk drivers. Conduct stress testing and sensitivity analysis to evaluate the potential impacts of changing market conditions on PenFed\'s financial position. Provide analytical insights related to risk mitigation, funding strategies, and/or balance sheet optimization. Maintain and update ALM risk reporting and work closely across the lines of defense to enhance documentation in compliance with regulatory requirements, internal guidelines, and industry best practices. *This role is responsible for ensuring business continuity.*
Qualifications
Bachelor\'s degree in finance, mathematics, statistics or related field required. Advanced degree/ professional certification preferred. Minimum three (3) years\' work experience in a financial institution using sophisticated asset/liability management modeling systems. Advanced knowledge of the QRM platform and reporting. Advanced experience with data analysis tools (e.g., Excel, VBA, SQL) required. Knowledge of coding languages (e.g., Python, R, etc.) preferred. Experience with GL systems (e.g., Hyperion, Smart View). Excellent communication skills. Strong understanding of ALM financial principles, including interest rate theory, time value of money, financial modeling, and capital markets. Excellent analytical and problem-solving skills. Ability to work with complex data sets. Knowledge of banking regulations and industry bests practices.
Supervisory Responsibility
This position will not supervise employees.
Licenses and Certifications
CFA professional certification preferred.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
Travel
Ability to travel to various worksites and be on-call is required.
Benefits
At PenFed, we offer a robust benefits package designed to support you both personally and professionally. You\'ll have access to comprehensive health, dental, and vision plans; paid time off; and family-friendly benefits like paid parental leave, care support, and fitness center access. Financial wellness is encouraged through features like a 401(k) match, employee loan discounts, and fully paid life and disability coverage. We also support growth via education assistance, community involvement, and volunteer opportunities.
Our Purpose
Helping members achieve their dreams since 1935.
Pentagon Federal Credit Union (PenFed) is one of America\'s largest federal credit unions, serving 2.8 million members worldwide with $29 billion in assets. PenFed offers market-leading certificates, checking and savings, credit cards, personal loans, mortgages, auto loans, and a wide range of other financial services, always with members\' interests in mind. PenFed is federally insured by the NCUA and is an Equal Housing Lender.
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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PenFed is hiring a Remote Senior Analyst, Asset/Liability Management and Valuation associated with our Tysons, Virginia location. The primary purpose of this job is to perform effective interest rate management for the credit union's balance sheet. The role will support building out the ALM framework – measuring, monitoring, and mitigating ALM interest rate risk. This position will be responsible for modeling using the QRM platform – from data analysis, risk assessment and scenario analysis, through reporting and documentation. The individual contributor is expected to coordinate with internal partners, produce robust quantitative analysis and support the continual improvements of the ALM framework. This role can be located anywhere in the United States. The anticipated starting salary range for this role is $81,723 - $129,880. This position is eligible for the organization\'s 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
Perform advanced analysis and measurement related to interest rate risk, asset/liability valuation, and pricing assumptions. Contribute to the implementation of complex financial models and assumptions within the QRM platform. Improve, validate and benchmark model performance, including the optimization of non-modeled assumptions. Assist and lead the development of attribution reporting and analytical tools. Identify key data dimensionality and risk drivers. Conduct stress testing and sensitivity analysis to evaluate the potential impacts of changing market conditions on PenFed\'s financial position. Provide analytical insights related to risk mitigation, funding strategies, and/or balance sheet optimization. Maintain and update ALM risk reporting and work closely across the lines of defense to enhance documentation in compliance with regulatory requirements, internal guidelines, and industry best practices. *This role is responsible for ensuring business continuity.*
Qualifications
Bachelor\'s degree in finance, mathematics, statistics or related field required. Advanced degree/ professional certification preferred. Minimum three (3) years\' work experience in a financial institution using sophisticated asset/liability management modeling systems. Advanced knowledge of the QRM platform and reporting. Advanced experience with data analysis tools (e.g., Excel, VBA, SQL) required. Knowledge of coding languages (e.g., Python, R, etc.) preferred. Experience with GL systems (e.g., Hyperion, Smart View). Excellent communication skills. Strong understanding of ALM financial principles, including interest rate theory, time value of money, financial modeling, and capital markets. Excellent analytical and problem-solving skills. Ability to work with complex data sets. Knowledge of banking regulations and industry bests practices.
Supervisory Responsibility
This position will not supervise employees.
Licenses and Certifications
CFA professional certification preferred.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
Travel
Ability to travel to various worksites and be on-call is required.
Benefits
At PenFed, we offer a robust benefits package designed to support you both personally and professionally. You\'ll have access to comprehensive health, dental, and vision plans; paid time off; and family-friendly benefits like paid parental leave, care support, and fitness center access. Financial wellness is encouraged through features like a 401(k) match, employee loan discounts, and fully paid life and disability coverage. We also support growth via education assistance, community involvement, and volunteer opportunities.
Our Purpose
Helping members achieve their dreams since 1935.
Pentagon Federal Credit Union (PenFed) is one of America\'s largest federal credit unions, serving 2.8 million members worldwide with $29 billion in assets. PenFed offers market-leading certificates, checking and savings, credit cards, personal loans, mortgages, auto loans, and a wide range of other financial services, always with members\' interests in mind. PenFed is federally insured by the NCUA and is an Equal Housing Lender.
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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