Senior Quantitative Modeling Director

1 week ago


Dinan, Bretagne, United States PENFED Credit Union Full time
About the Role

We are seeking a highly experienced Senior Quantitative Modeling Director to join our team at PENFED Credit Union. As a key member of our organization, you will play a crucial role in developing and managing our Model Risk Management program.

Job Summary

The primary purpose of this job is to manage and further develop the Model Risk Management program at PENFED Credit Union. This includes governance, validation, and monitoring of model performance for all critical models, including those crucial to executive decision-making and reporting in areas of interest rate and liquidity risk, balance sheet management, credit decisions, credit loss forecast and allowance, capital planning and stress testing, income and expense forecasting, hedging, and capital adequacy efforts.

About You
  • You have an advanced degree in a quantitative subject such as Finance, Economics, Mathematics, or Statistics; or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the job.
  • Quickly able to understand the big picture of any given model in terms of its usage and key limitations.
  • Experience developing, adjusting, validating, testing, monitoring and documenting of quantitative models required.
  • Minimum of twenty (20) years experience in quantitative modeling of market risk; capital markets management; capital planning and stress testing; quantitative risk management; and/or model risk management in a financial institution.
  • Minimum of ten (10) years related experience in a director or higher role required.
What We Offer

PENFED Credit Union offers a competitive salary, benefits package, and opportunities for growth and development. Our estimated salary range for this role is $250,000 - $350,000 per year, based on location and experience. Additionally, we offer:

  • 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.
  • The opportunity to work with a dynamic team of professionals who are passionate about delivering exceptional service to our members.
  • A collaborative and supportive work environment that encourages innovation and creativity.


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