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 Lending's 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
• Master's degree in mathematic
Location: Pensacola, FL
Posted: Oct. 9, 2024, 8:02 p.m.
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