Job Description
Overview
Provide independent analysis and modeling to support the Credit Risk Strategy and Analytics function within Navy Federal’s Credit Risk Management division (second line of defense). Leverage member, financial, and organizational data to provide oversight of NFCU’s lending activities and other areas of credit exposure to ensure effective identification, measurement, and monitoring of enterprise-wide credit risk. Assist in the identification of actionable risk mitigation and business intelligence to support sustainable growth of NFCU’s lending products. Conduct work assignments of increasing complexity, under moderate supervision with some latitude for independent judgment. Advanced professional within field; requires high skill set and proficiency in discipline.
Responsibilities
Assist with the development of an enterprise framework for management of credit risk including identification, analysis, measurement, control, and monitoring of risk
Provide thought leadership and contribute to the development of analysis, scorecards, and models to support management and the executive team in its evaluation of enterprise credit risk
Develop and code moderately complex software programs, algorithms, and automated processes
Provide data-driven credible challenge to credit underwriting strategies using a variety of traditional and alternate data sources to constantly innovate, iterate, and improve credit risk strategies and lending products
Use analytical techniques to develop insights from historical loan performance data, identify opportunities for credit strategy enhancements and make compelling recommendations based on sound credit risk management principles, cost-benefit analysis, and customer experience impacts
Conduct other ad hoc analyses as required to support the credit union’s goals and business line objectives
Develop challenger loss forecasting to provide ranges of possible outcomes in relation to champion models and the credit unions risk appetite.
Develop traditional rank ordering tools and potentially leverage advanced machine learning models that drive loan origination and portfolio management strategies
Collaborate with technology and data teams to continue to enhance the credit union’s data and analytics environment specifically for credit risk reporting, analytics, and modeling
Support the Enterprise Risk executive team by providing information for internal working groups, committees and other forums as needed
Utilize effective written and verbal communication to document and present findings of analyses to a diverse audience of stakeholders
Qualifications
Minimum of 5-7 years of hands-on experience with credit risk assessments at a large financial institution.
3-5 years of experience in exploratory data analysis
Experience in the application of statistical methods, mathematical techniques, forecasting, cost-benefit analysis and related analytical tools
Experience in problem resolution including determining root cause, scope and scale of issues
Advanced understanding of consumer lending businesses and operating environment
Ability to understand, analyze and interpret government and financial industry regulations, related principles and practices, and company procedures and policies.
Experience with developing business scenarios and providing effective challenges to underlying assumptions.
Experience in managing multiple priorities independently and/or in a team environment to achieve goals
Experience in demonstrating thought-leadership, initiative-taking, decision-making and creativity solving business problems
Advanced skill in programming languages (SQL, R, Python, Hadoop, SAS, SPSS, Scala, AWS)
Advanced skill presenting findings, conclusions, alternatives and information clearly and concisely
Working knowledge of procedures, instructions, and validation techniques
Bachelor’s Degree in a quantitative discipline such as Finance, Economics, Mathematics, or related field or equivalent combination of training, education and experience, (Master's preferred)
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Job Tags
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