PenFed is hiring a (Hybrid) Market Risk Manager at our Tysons, Virginia location. PenFed’s Enterprise Risk Management Team is seeking an individual with extensive expertise in financial markets risk and interest rate risk to strengthen the level of effective challenge offered at the second line level; help create appropriate governance vehicles for management of these risks at the second line level and support the institution’s continued maturation in enterprise-wide risk identification, control... more details
Overview Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family. PenFed is hiring a (Hybrid) Market Risk Manager at our Tysons, Virginia location. PenFed’s Enterprise Risk Management Team is seeking an individual with extensive expertise in financial markets risk and interest rate risk to strengthen the level of effective challenge offered at the second line level; help create appropriate governance vehicles for management of these risks at the second line level and support the institution’s continued maturation in enterprise-wide risk identification, controls creation, and testing in these areas. Responsibilities Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Assist the Head of Market Risk to provide insight on Bond Price sensitivity and maturity risk, premiums and validate or challenge Economic Value of Equity (EVE) projections upon which future financial capacity is based. Assist in creating and updating policy guidance and overseeing governance related to management of Market risks. Populate the risk catalogue for PenFed in Market risk, providing a second line challenge to BU assessment of risks and controls with regard to Market Risk. Assist the Head of Market Risk to examine the Market Risk of PenFed’s Balance Sheet and the hedging of it with IR swaps, options, or other derivatives. Assist the Head of Market Risk in effective challenge for models proposed for use at PenFed, as well as those in regular use. Assist the Head of Market Risk to implement Best Practices Template across all PenFed Market Risk Portfolio’s. Become proficient in using our Challenger Analytics Platform (PolyPath) to run on a daily basis all Market Risk related Portfolio’s. Aid in transitioning Excel spreadsheet analysis to VB or another more robust environment. Daily involvement on assisting the Market Risk Oversight of all Market Risk related positions. Qualifications Equivalent combination of education and experience is considered. BS degree in finance or related field required. MS Degree in a related field is preferred. Minimum of Ten (10) years of related experience in the Financial Industry. Experience in Capital Markets. Experience in the analysis of the Market Risk of Mortgage’s. Experience in quantitative modeling. Experience in the management and hedging of interest rate and volatility exposures. Ability to work with confidence in environments of significant velocity. Ability to deliver ongoing, effective challenge to day-to-day partners. Ability to work independently and as part of a team, self-motivation, adaptability and positive attitude. Ability to work independently and as part of a team, self-motivation, adaptability and positive attitude. Must have strong communication skills. Proven partnership skills in areas of complexity and change. Expertise creating policies and procedures codifying best practice management of interest rate and market risk areas and gaining Enterprise acceptance. Familiarity with risk framework and processes at financial institutions. Supervisory Responsibility This position will not supervise staff. 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 will be required. About Us Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. We provide our employees with 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. 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 402-639-8568.
