Job Overview PenFed is hiring a (Hybrid) Sr. Analyst, Treasury at our Tysons, Virginia location. The Senior Analyst, Treasury role will provide a unique opportunity to help set direction on interest rate risk management matters including trade strategy development and execution, counterparty risk management, model risk management, and management reporting. The incumbent in this high-profile role will work closely to assist the Director in all aspects of managing PenFed's multi-billion dollar interest rate derivatives hedging portfolio.
This role is a key part of the Treasury team and will focus on daily monitoring, management and trade execution of PenFed's derivatives risk management hedging portfolio. The Treasury Group's overall responsibility is to manage the funding, liquidity, derivatives, investments, and interest rate risk for the entire organization. The team partners across other areas within finance, multiple lines of business and various functional areas to develop funding & liquidity strategies and manage interest rate risk through normal and stressed market environments.
Please provide a cover letter along with resume submission. Responsibilities 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.
- Perform forward-thinking pre-trade market analysis, transaction execution support, post-trade documentation review (including hedge accounting designations) and coordination with external bank counterparties to strengthen PenFed's access to market liquidity at competitive prices.
- Remain current on developments in the capital markets and engage in regular continuing education related to fixed income instruments including mortgage-related products, interest rate derivatives, (e.g., swaps, swaptions, caps and floors etc.), interest rate risk management and regulatory & legal concepts to ensure the credit union's derivatives hedging portfolio risk management policies and practices reflect industry best practices.
- Drive pro-active derivatives hedging portfolio risk management by identifying, measuring and monitoring Key Risk Indicators, such as market and counterparty risk exposures on a daily basis.
- Partner with internal partners, such as FP&A, Finance Transformation, Accounting, Secondary Marketing & MSR and CPST teams to drive financial risk management innovation and ensure that PenFed's derivatives hedging activity reflects the needs of all stakeholders.
- Organize and prepare risk management reporting materials for Management Working Groups, Asset Liability Committee (ALCO), the Executive Team and the credit union's Board of Directors.
- This is not intended to be an all-inclusive list of job duties and the position will involve participation in ad hoc projects and other duties in support of the Treasury department's ongoing treasury and risk management needs.
*This role is responsible for ensuring business continuity.*
Qualifications Equivalent combination of education and experience is considered.
- Bachelor's degree in finance, economics, computer science, mathematics, or other quantitative discipline and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions required. MBA and/or CFA professional certification desired.
- Minimum of 3 years relevant work experience in a financial institution with a specific focus in investment banking or markets, and with a background transacting (or supporting those who transact) over-the-counter derivative products or other financial markets products.
- Experience with Excel, PowerPoint and programming languages such as Python and SQL proficiency with data visualization/BI tools, such as PowerBI and Tableau desired.
- Experience with Derivative Path or other sophisticated derivatives pricing models that can value derivative hedging instruments.
- Knowledge of financial concepts used in present value analysis, financial modeling, and capital markets.
- Ability to manage multiple projects simultaneously and implement rapid changes in project direction.
Supervisory Responsibility This position will not supervise employees.
Licenses and Certifications CFA professional certification preferred, but not required.
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 on a limited basis to various worksites and be on-call is required.
#LI-Hybrid
Benefits At PenFed, we offer a robust benefits package designed to support you both personally and professionally. You'll have access to comprehensive health, dental, and vision plans; paid time off; and family-friendly benefits like paid parental leave, care support, and fitness center access. Financial wellness is encouraged through features like a 401(k) match, employee loan discounts, and fully paid life and disability coverage. We also support growth via education assistance, community involvement, and volunteer opportunities.
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 and the District of Columbia, as well as in 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, seven days a week, twenty-four hours a day.
Berkshire Hathaway HomeServices PenFed Realty, LLC is a full-service real estate company ready to assist our clients with buying, selling and renting a home. The company is a wholly owned subsidiary of PenFed Credit Union and is the largest independently-owned brokerage in the Berkshire Hathaway HomeServices network, placing us in the top 1% of all real estate brokerages in the country.
With almost 60 offices and nearly 2,000 world-class sales professionals, we offer complete service coverage in Virginia, Maryland, the District of Columbia, Delaware, Pennsylvania, West Virginia, Florida, Tennessee, Kansas and Texas. In addition, we also offer specialized client services which include management of vacation properties and long-term rentals, corporate relocation services and national referral network.
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.
