PenFed Credit Union
Senior Analyst, Capital Planning and Stress Testing
At a glance
Location: US-VA-McLean Map
Posted: 02/18/2021
Closing: 03/17/2021
Degree: 4 Year Degree
Type: Full-Time
Experience: Not Specified
PenFed Credit Union
Job description

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 Senior Analyst, Capital Planning and Stress Testing at our Tysons, Virginia location. The primary purpose of this job is to support the execution and development of modeling activities within the capital planning and stress testing process.


Essential Functions

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. 

  • Contribute to the production and assessment of the capital plan and stress testing results in compliance with NCUA regulatory requirements.
  • Develop and maintain SQL scripts and refreshable reports used for diagnosis of balance sheet position data and stress testing results.
  • Generate reporting materials and presentations used by Finance team to analyze the drivers impacting projected net income, risk, and net worth capital levels from changes in underlying data positions, asset/liability balance sheet product segment composition, macroeconomic factors, yield curves, and other balance sheet assumptions and risk factors.
  • Develop a familiarity with modeling requirements for existing and emerging PenFed financial products and a general understanding of the impact of macro-economic factors on the balance sheet and income statement
  • Perform BAU and ad-hoc requests within the broader QRM modeling team, which may include model upgrades and supporting validation, back-testing and new product implementation
  • Participate in the preparation of accurate and timely submission of capital planning and stress testing position modeling data to the NCUA.
  • Facilitate the maintenance of high-quality process and modeling documentation that satisfies internal model risk policies, audit requirements, and senior management and Board review.


Education and Experience

Equivalent combination of education and experience is considered.

  • Bachelor’s Degree in Finance or Economics is preferred.
  • Minimum of three (3) years of experience in related field of business analysis.
  • Fundamental understanding of financial instruments including mortgage and auto loans, credit cards, and retail deposits.
  • Familiarity with QRM Balance Sheet Management system or similar risk management framework is preferred;
  • Ability to operate within tight timelines while enforcing high standard of accuracy;
  • Demonstrate initiative to self-educate and cross-train where appropriate.
  • Strong working knowledge of SQL or similar data query competencies.

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.*


Ability to travel to various worksites and be on-call may be required.

Special Message Regarding COVID 19

PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world.  In light of the current situation with novel coronavirus (COVID-19), we have modified our hiring, onboarding, training, and deployment protocols in order to comply with current local and state guidance around social distancing.

About Us

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2 million members and over $26 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 240-224-4256.

Senior Analyst, Capital Planning and Stress Testing