Manager, Decision Science

PenFed Credit Union; McLean (VA); Hybrid; USD 97,000 - 191,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision plan

Paid time off

Parental leave

Wellness benefits

401(k) match

Life and disability insurance

Education assistance

Community involvement

Job summary

PenFed Credit Union in Tysons, Virginia, is seeking a Manager, Decision Science to oversee credit risk models for loan origination, pricing, and portfolio management. You will manage a small data science team and coordinate with business partners to align modeling solutions with strategic goals.

The role requires a Master’s degree (PhD preferred), 8+ years of modeling experience, and 3+ years in supervision. It offers a hybrid work model and a competitive salary with performance bonuses.

Qualifications

• Master's degree in a quantitative field; PhD is highly preferred.
• 8+ years in building statistical models and advanced data analysis.
• 3+ years of supervisory or assistant management experience.
• Proficient in SQL, Python, and R; strong modeling expertise.

Responsibilities

• Provide leadership and management in developing and implementing programs, policies, and procedures to ensure mission and core values are implemented.
• Independently develop statistical models and scorecards used in credit underwriting, loan pricing, collection, and portfolio risk monitoring.
• Translate business problems to statistical problems and leverage machine learning to solve them.
• Lead ad hoc analyses and deep dives to understand business drivers.
• Monitor model performance and support governance and validation activities.
• Identify, measure, and monitor credit risk related to M&A, loan purchases, and new strategies.
• Improve risk identification and management for credit risk modeling activities.
• Maintain an efficient infrastructure for model development, documentation, implementation, and validation.
• Promote innovative data visualization and digestion of complex data.
• Collaborate across teams to drive organizational efficiency.

Skills

Logistic Regression

Linear Regression

Machine Learning

Survival Analysis

Education

Master's Degree in quantitative discipline

PhD

Tools

SQL

Python

R

Job description

Job Overview

PenFed is hiring a (Hybrid) Manager, Decision Science at our Tysons, Virginia location. The primary purpose of this job is to oversee the development and monitoring of credit risk models for loan originations, risk-adjusted pricing and portfolio management. The incumbent will manage a small team of data scientists, ensure quality of deliverables, and coordinate with business partners to align modeling solutions with organizational objectives.

Responsibilities

• Provide leadership and management in developing and implementing programs, policies, and procedures to ensure mission and core values are implemented.
• Independently develop statistical models and scorecards used in credit underwriting, loan pricing, collection, and portfolio risk monitoring.
• Work closely with business partners and be able to translate business problem to statistical problems and leverage machine learning technology to solve business problem.
• Independently lead the effort for any ad hoc analysis and deep dive to understand the business drivers of creation trends.
• Monitor performance of quantitative models and support independent model validation efforts in accordance with the model governance policy.
• Participate in identification, measurement, and monitoring of credit risk as it relates to Merger and Acquisition (M&A), loan purchases and participation, and other new business strategies.
• Improve risk identification, measurements and management with respect to credit risk modeling activities.
• Maintain an efficient and controlled infrastructure for model development, documentation, implementation, and validation.
• Promote innovative ways to visualize and digest complex data.
• Work collaboratively with different teams and function to drive efficiency for the organization.

Qualifications

• Equivalent combination of education and experience is considered.
• Master's Degree in quantitative discipline is required. PHD is highly preferred.
• Minimum of eight (8) years of related work experience in building statistical models and advanced data analysis.
• Minimum of three (3) years of experience as a supervisor / assistant manager required.
• Applied experience with Logistic Regression, Linear Regression, Machine Leaning, and Survival Analysis required.
• Advanced programming skills to include knowledge of statistical programs (e.g. SQL, Python, and R) required.
• Experience in building risk, revenue and targeting models for consumer products is required.
• Ability to manage multiple projects simultaneously and implement rapid changes in project direction.
• Demonstrate strong data analysis skills, ability to understand underlying data and complex loss/balance forecasting models, various product features, possess organizational and prioritization skills, as well as strong attention to detail.
• Detail oriented, results driven, and the ability to navigate in a quickly changing and high demand environment to develop solutions while balancing multiple priorities.
• Critical thinking using both analytical and tactical approach to problem solving within the Quantitative Modeling team is required.
• Ability to interact effectively with team members across the management team, Lines of Business (LOB), credit officers, finance, model governance, oversight, validation, and audit organizations.
• Proven project management skills.
• Excellent oral and written communication skills required.

Supervisory Responsibility

This position will supervise employees.

Licenses and Certifications

There Are No Additional Certifications Required.

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 is required.

Pay Transparency

The anticipated starting salary range for this role is $97,400.00 - $191,080.00

This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.

This position is eligible for an individual performance based annual bonus.

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. Berkshire Hathaway HomeServices PenFed Realty, LLC is a full-service real estate company ready to assist our clients with buying, selling and renting a home. The company is a wholly owned subsidiary of PenFed Credit Union and is the largest independently-owned brokerage in the Berkshire Hathaway HomeServices network, placing us in the top 1% of all real estate brokerages in the country. With almost 60 offices and nearly 2,000 world-class sales professionals, we offer complete service coverage in Virginia, Maryland, the District of Columbia, Delaware, Pennsylvania, West Virginia, Florida, Tennessee, Kansas and Texas. In addition, we also offer specialized client services which include management of vacation properties and long-term rentals, corporate relocation services and national referral network.

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 [e-mail].