Mortgage Credit Manager jobs in the United States

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) Manager, Mortgage Credit Analytics at our Tysons, Virginia location.  The primary purpose of this job is to provide credit risk oversight and effective challenge of Penfed’s mortgage business. Responsibilities include identification of emerging risks, analysis and monitoring of the firm’s mortgage credit exposures and performance, and formulation of recommendations to ensure risks are consistent with our risk appetite and effectively managed. In addition, the position is responsible for the development and management of a mortgage credit data infrastructure to support second-line analytics.

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. 

• Conduct analysis of portfolio composition, performance, and trends; prepare reports and present findings; and provide insights and recommendations.
• Provide analytics to support the development of effective credit policies, portfolio management, and risk mitigation strategies.
• Identify data needs and sources; actively participate in development of Penfed’s credit data strategy and architecture; integrate diverse and complex data sets from various sources; understand and champion data quality.
• Collaborate with various functional areas of PenFed (including Credit Modeling, Mortgage Operations, Compliance, and Finance) to identify and mitigate risks associated with originations, servicing, and portfolio management processes.
• Leverage credit models and internal and external data to measure and monitor credit risk and evaluate efficacy of business strategies and processes in sourcing and managing risk exposures.
• Develop and execute statistical sampling methods for selection of loans for quality control review and analyze and report on sample results.
• Mentor analysts by providing guidance and training.
• Write memos and develop presentations summarizing analysis, results, and recommendations.
• Participate in external and internal audits, and regulatory examinations as needed.
• Provide thought leadership and foster collaboration to solve problems and achieve goals.

Equivalent combination of education and experience is considered.

• Bachelor’s Degree in Statistics, Mathematics, Economics, Finance, or a related quantitative field, required. master’s degree preferred.
• Minimum of seven (7) years of experience in data analytics, credit risk management or modeling in financial services industry required.
• Previous supervisory experience.
• Strong business acumen and technical skills.
• Proficiency in various data analysis and visualization tools including SAS, R, Python, SQL, Tableau, Excel and PowerPoint.
• Strong analytic and problem-solving skills.
• Ability to work independently manage multiple priorities, meet timelines, and escalate issues in a timely manner.
• Initiative and strong interpersonal skills to actively lead and implement ideas in a cross-functional team environment.
• Excellent written and verbal communication and presentation skills required.
• Team player with positive attitude.

Supervisory Responsibility

This position will directly supervise employees.

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 may is required.

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.