PenFed Credit Union
Senior Manager, Liquidity & Funding
PenFed Credit Union, Falls Church, Virginia, United States, 22042
Overview
PenFed is hiring a (Hybrid) Senior Manager, Liquidity & Funding at our Tysons, Virginia location. The primary purpose of this job is to develop, monitor, and manage PenFed’s liquidity position. The individual will also assist in developing and implementing PenFed’s wholesale funding strategy in consideration of liquidity risk, interest‑rate risk and balance‑sheet management needs.
Responsibilities
Perform analysis and measurement of the daily liquidity position, monthly liquidity coverage ratios, and quarterly liquidity stress testing.
Lead the bi‑weekly liquidity meeting and streamline information sharing across business units to help forecast liquidity needs timely and accurately.
Utilize the QRM (Quantitative Risk Management) application to automate the process of liquidity coverage ratios, liquidity gap reporting and liquidity stress testing.
Leverage Hyperion to automate reporting for ALCO, CFO and other ad‑hoc analysis.
Manage the use of PenFed assets as collateral to maximize liquidity funding lines.
Develop funding strategy in consideration of PenFed’s liquidity risk profile, interest‑rate risk and balance‑sheet strategy.
Identify and propose optimal funding levels in terms of size, duration, and retail/wholesale mix to achieve a lower cost of funds and diversification of funding sources to reduce overall liquidity risk.
Act as a point of contact with liquidity providers—including the FHLB, municipal deposit brokers and advisors, repurchase agreement counterparties and other financial institutions—to secure, develop and diversify PenFed’s access to liquid and cost‑effective funding sources.
Manage wholesale funding programs and execute trades.
Monitor market developments and identify new wholesale funding sources.
Work directly with the deposit business unit to discover retail pricing/flows and develop deposit funding strategies, including pricing and volume.
Develop and manage the measurement of liquidity metrics and reporting for ALCO, the Board and regulators, including those required by the Contingency Funding Plan, ERMC and other regulatory bodies.
Supervise one direct report to perform daily liquidity analysis and enhance processes and reporting for ALCO, FMRC, the Board and regulators.
*This role is responsible for ensuring business continuity.*
Qualifications
Minimum of 8 years’ experience managing liquidity and funding in a banking/financial institution.
Minimum of two years in a supervisory role with direct people‑management experience.
Experience with QRM or other sophisticated asset/liability management liquidity models that forecast uncertain cash flows.
Programming proficiency in Python and SQL; experience with data visualization/BI tools such as PowerBI and Tableau.
Knowledge of financial concepts used in present‑value analysis, financial modeling and capital markets.
Advanced degree in finance, economics, computer science, mathematics or another quantitative discipline (MBA and/or CFA desired).
Ability to manage multiple projects simultaneously and implement rapid changes in project direction.
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 lifting up to 25 pounds.
Travel Limited travel to various worksites and on‑call availability may be required.
About Us Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.9 million members and over $31 billion in assets. We serve members in all 50 states, the District of Columbia, Guam and Puerto Rico. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide via the web, 24 hours a day, seven days a week.
Benefits We provide employees with a lucrative benefits package including robust medical, dental and vision plans, plenty of paid time off, a 401(k) with employer match, on‑site fitness facilities at our larger locations, and more.
Equal Employment Opportunity PenFed management will maintain and observe personnel policies that 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, disability, genetic information, sexual orientation and any other status protected by applicable state or local law in all aspects of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of the same. PenFed will reasonably accommodate qualified individuals with a disability to apply for a job or perform essential functions unless doing so causes a direct threat or undue hardship. Contact Human Resources at 402‑639‑8568 with any questions or requests for accommodation.
#LI-Hybrid This position is suitable for a hybrid work arrangement.
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Responsibilities
Perform analysis and measurement of the daily liquidity position, monthly liquidity coverage ratios, and quarterly liquidity stress testing.
Lead the bi‑weekly liquidity meeting and streamline information sharing across business units to help forecast liquidity needs timely and accurately.
Utilize the QRM (Quantitative Risk Management) application to automate the process of liquidity coverage ratios, liquidity gap reporting and liquidity stress testing.
Leverage Hyperion to automate reporting for ALCO, CFO and other ad‑hoc analysis.
Manage the use of PenFed assets as collateral to maximize liquidity funding lines.
Develop funding strategy in consideration of PenFed’s liquidity risk profile, interest‑rate risk and balance‑sheet strategy.
Identify and propose optimal funding levels in terms of size, duration, and retail/wholesale mix to achieve a lower cost of funds and diversification of funding sources to reduce overall liquidity risk.
Act as a point of contact with liquidity providers—including the FHLB, municipal deposit brokers and advisors, repurchase agreement counterparties and other financial institutions—to secure, develop and diversify PenFed’s access to liquid and cost‑effective funding sources.
Manage wholesale funding programs and execute trades.
Monitor market developments and identify new wholesale funding sources.
Work directly with the deposit business unit to discover retail pricing/flows and develop deposit funding strategies, including pricing and volume.
Develop and manage the measurement of liquidity metrics and reporting for ALCO, the Board and regulators, including those required by the Contingency Funding Plan, ERMC and other regulatory bodies.
Supervise one direct report to perform daily liquidity analysis and enhance processes and reporting for ALCO, FMRC, the Board and regulators.
*This role is responsible for ensuring business continuity.*
Qualifications
Minimum of 8 years’ experience managing liquidity and funding in a banking/financial institution.
Minimum of two years in a supervisory role with direct people‑management experience.
Experience with QRM or other sophisticated asset/liability management liquidity models that forecast uncertain cash flows.
Programming proficiency in Python and SQL; experience with data visualization/BI tools such as PowerBI and Tableau.
Knowledge of financial concepts used in present‑value analysis, financial modeling and capital markets.
Advanced degree in finance, economics, computer science, mathematics or another quantitative discipline (MBA and/or CFA desired).
Ability to manage multiple projects simultaneously and implement rapid changes in project direction.
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 lifting up to 25 pounds.
Travel Limited travel to various worksites and on‑call availability may be required.
About Us Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.9 million members and over $31 billion in assets. We serve members in all 50 states, the District of Columbia, Guam and Puerto Rico. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide via the web, 24 hours a day, seven days a week.
Benefits We provide employees with a lucrative benefits package including robust medical, dental and vision plans, plenty of paid time off, a 401(k) with employer match, on‑site fitness facilities at our larger locations, and more.
Equal Employment Opportunity PenFed management will maintain and observe personnel policies that 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, disability, genetic information, sexual orientation and any other status protected by applicable state or local law in all aspects of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of the same. PenFed will reasonably accommodate qualified individuals with a disability to apply for a job or perform essential functions unless doing so causes a direct threat or undue hardship. Contact Human Resources at 402‑639‑8568 with any questions or requests for accommodation.
#LI-Hybrid This position is suitable for a hybrid work arrangement.
#J-18808-Ljbffr