Remote Senior Manager, QRM Development & Forecasting

PenFed Credit Union; McLean (VA); On-site; USD 97,000 - 195,000; Full time

Job summary

PenFed Credit Union is seeking a Remote Sr. Manager, QRM Development to lead a team responsible for quantitative risk management across liquidity risk, income forecasting, capital planning, and stress testing.

This role focuses on delivering robust models, data integration, and governance within the QRM framework. The position reports to the VP of Financial Risk Modeling & Integration within the Financial Analysis & Forecasting group, with a mandate to advance QRM capabilities, supervise staff,

Qualifications

• Advanced degree in Economics or Finance.
• CFA certification.
• Minimum of eight (8) years’ experience with econometric, statistical, and forecasting tools in ALM, FTP, CCAR, liquidity risk management.
• Minimum 3 years of supervisory experience.
• Minimum five (5) years QRM Balance Sheet Management system experience; familiarity with QRM forecasting and model integration.
• Extensive understanding of cashflow modeling across retail lending and funding programs.
• Generalized working knowledge of SQL or similar data query tools.
• Python coding a plus and experience with AI tools such as Copilot.

Responsibilities

• Lead the efficient execution, coordination, and ongoing development of QRM modeling, income forecasting, FTP, liquidity risk, and capital planning within the QRM infrastructure.
• Coordinate and oversee the integration of behavioral and credit loss forecasting models into the QRM framework to support capital sensitivity analysis and income forecasting.
• Oversee testing and rollout of new QRM functionality, collaborating with forecasters, modelers, and business units to enhance modeling approaches.
• Maintain relationships with units involved in modeling for PPNR, credit risk forecasting, and ALLL models, including data requirements and model delivery.
• Direct preparation of model change documentation satisfying internal model risk policies and audits.

Job description

PenFed Credit Union is seeking a Remote Sr. Manager, QRM Development to lead a team responsible for quantitative risk management across liquidity risk, income forecasting, capital planning, and stress testing.

This role focuses on delivering robust models, data integration, and governance within the QRM framework. The position reports to the VP of Financial Risk Modeling & Integration within the Financial Analysis & Forecasting group, with a mandate to advance QRM capabilities, supervise staff,