Assistant Manager, Quantitative Modeling

Overview

To assist with planning, managing, and directing quantitative modeling functions for the Lending Department. Assist in managing the development and improvement of complex models, documentation, and reports used to forecast losses, provision expenses, determine appropriate reserves, and forecast originations and other items for the annual budget exercise, and scheduled and unscheduled updates. Support senior management in developing and executing strategic plans. Work is performed under limited supervision.

Responsibilities

Assist in managing the design of predictive and forecasting models, and other techniques to support quarterly loss provision forecast and budget exercises

Assist in managing large-scale modeling and data development projects to improve Lendings forecasting capability

Ensure that modeling specifications and constructs adhere to defined mathematical and statistical standards

Support quarterly CECL process, managing data improvement and validation, and assisting CECL reserve determination preparation

Manage model governance activities and coordinate with Model Risk Management to ensure validation frameworks and controls comply with Navy Federal and regulatory standards

Establish and strengthen system controls, facilitate process management, model performance and data reconciliation, and recommend improvements to modeling methodologies

Evaluate/develop/implement analytic and modeling techniques and best practices

Stay abreast of business direction, environment and strategy; ensure that analytic output meets business needs

Present modeling results and recommendations to executives and external parties

Collaborate with Technology Service to design and build the technology infrastructure necessary to support modeling efforts

Drive continuous process improvement to increase accuracy and efficiency of models and reduce financial and operational risk

Collaborate with internal business partners and external vendors to develop and validate models

Partner with senior management to ensure internal/external regulatory exam preparedness

Ensure that department adheres to modeling standards, guidelines, procedures, controls and best practices

Identify and resolve performance gaps and obstacles; develop and implement changes and improvements

Participate on organization wide project teams and monitor projects assigned to the department to ensure milestones are completed on schedule

Serve as subject matter expert regarding section functions, systems, policies and/or procedures

Perform other duties as assigned

Qualifications

Significant experience in presenting findings, conclusions, alternatives and information clearly and concisely; significant experience in delivering presentations to virtual and in person teams; communicating highly complex technical concepts to non-technical staff and senior management

Significant experience in leading and managing data science or quantitative modeling projects or teams, preferably in a large financial services organization

Extensive experience in financial modeling using mathematical techniques, statistical methods, forecasting and related analytical tools; working or leading Time Series modeling experience is strongly desired

Significant experience in demonstrating thought-leadership, initiative-taking, decision-making and creativity solving business problems

Advanced skill interacting tactfully and effectively in difficult situations, exercising initiative and using good judgment to make sound decisions

Significant experience in model governance and controls and/or auditing

Experience with International Financial Reporting Standards (IFRS), Comprehensive Capital Analysis and Review (CCAR) Dodd-Frank Act Stress Test (DFAST) or Current Expected Credit Loss (CECL) standards

Working knowledge of any of the following: asset/liability management, financial accounting, cost accounting, budgeting principles and practices, statistics, finance, and/or mathematic modeling

Expert analytical/quantitative and deductive reasoning skills

Advanced research, data mining/querying, analysis, and reporting skills, including proficiency in sophisticated statistical methods and modeling, forecasting, and cost/benefit/risk analysis

Significant experience programming in SAS, R, Python or other language

Advanced skill in project management to include establishing and leading project teams; managing timelines/deadlines/resources; ensuring successful project implementation

Advanced skill to effectively manage a remote distributed workforce across multiple locations and time zones

Advanced skill establishing and maintaining working relationships with all levels of staff, management, stakeholders, and vendors

Expert verbal, interpersonal and written communication skills

Expert database, word processing, reporting, spreadsheet and presentation software skills

Masters degree in mathematics, statistics, data science, or related field, or the equivalent combination of education, training and experience

Desired Qualification(s)

Advanced knowledge of Navy Federal policies, procedures, products, and services

Hours: Monday – Friday, 8:30AM – 5:00PM

Locations: 820 Follin Lane, Vienna, VA 22180 | 5510 Heritage Oaks Drive, Pensacola, FL 32526

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.

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Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

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.

REQNUMBER: 19038-OTHLOC-100003839408207