Senior Manager, Consumer Lending Policy & Analytics

PenFed Credit Union; McLean (VA); Hybrid; USD 97,000 - 196,000; Full time

Job summary

PenFed Credit Union in Tysons, Virginia is hiring a Senior Manager for Consumer Lending Policy & Analytics. This hybrid role owns end-to-end development and implementation of credit policy in the consumer lending space and leads risk monitoring and analytics initiatives.

You will explore AI applications in analysis, collaborate with modeling teams, and manage analysts and managers to meet strategic goals within the Consumer Lending Policy and Analytics team.

Qualifications

• Master’s degree in business, finance, economics, computer science, engineering, math, statistics, or other quantitative discipline required.
• Minimum of ten (10) years’ experience in quantitative analysis / modeling, credit policy or credit risk management in the financial services industry.
• Minimum of two (2) years of direct management experience.
• Experience in Consumer Lending products including Credit Card, Auto Loan and Unsecured Personal Loan is required.
• Proven project management skills, ability to manage multiple projects.
• Expert level skills in SQL, Excel, and PowerPoint are required.
• Proficiency with R & Python and Tableau experience strongly preferred.
• Excellent written, verbal communication and presentation skills.
• Curiosity, attention to details, strong critical thinking and problem-solving skills.
• Ability to work effectively in ambiguous situations, ability to prioritize among multiple projects.
• Self-motivated and strong interpersonal skills to actively lead and implement ideas in a cross-functional team environment.
• Experience with AI preferred.

Responsibilities

• Develop and manage automated and judgmental decisions within credit policies for new account acquisition and/or accounts on book, including approve/decline, line assignment and/or portfolio risk management.
• Define risk segmentation, loss expectations and risk premium to support Risk Adjusted Pricing.
• Collaborate with modeling teams to build and validate risk and/or NPV valuation models using both internal and external data sources, implement models in policy optimization, and/or monitor model performance on an ongoing basis.
• Drive monitoring and analysis of credit risk for both organic and acquired portfolios, prepare related management reporting package and provide insights on root causes, emerging credit trends and implications on Allowance for Loan Losses.
• Perform program-level deep dive and change monitoring to drive credit policy optimization and risk mitigation strategies, inform corporate strategic decisions, and improve efficiency.
• Provide ongoing or ad-hoc risk analytics to support credit or new product expansion.
• Develop statistical sampling and scoring methods to support judgment decision review program.
• Collaborate with business line product managers in optimizing marketing campaigns used in account acquisition and/or customer management that align with the credit policies and scoring models.
• Partner with key stakeholders in various groups (Credit Risk Modeling, Business Lines, Credit Risk Management, Compliance, Operations, Finance and Enterprise Risk Management) to identify areas of opportunity and spearhead initiatives to enable profitable growth while minimizing credit risk exposure and adapting to changing economic and regulatory environment.
• Manage analysts to achieve team’s strategic goals, training and assisting development of skills and cultivating credit culture.
• Maintain strong working knowledge of consumer lending related regulations to ensure compliance. Remain abreast of financial regulatory developments in credit risk management and best practices within the industry.
• Participate in external and internal audits, and regulatory examinations as needed.
• Identify required data and work with data stewards to understand data source, ensure data quality and retrieve data on a timely basis. Contribute to credit data mart and corporate database designs.
• Provide thoughtful leadership and foster collaboration towards the attainment of corporate goals.
• Explore creative ways to incorporate AI into credit analysis and BAU process optimization.

Skills

SQL

Excel

PowerPoint

R

Python

Tableau

Data analysis

Data visualization

Project management

Leadership

Communication

Presentation

AI

Education

Master’s degree

Job description

PenFed Credit Union in Tysons, Virginia is hiring a Senior Manager for Consumer Lending Policy & Analytics. This hybrid role owns end-to-end development and implementation of credit policy in the consumer lending space and leads risk monitoring and analytics initiatives.

You will explore AI applications in analysis, collaborate with modeling teams, and manage analysts and managers to meet strategic goals within the Consumer Lending Policy and Analytics team.