Overview
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 Director, Capital Markets at our Tysons, Virginia location. The position is responsible for managing the Securitization and other Capital Market operations associated with Portfolio Acquisitions, Sales, and new third party relationships. This position will primarily oversee and monitor the asset level due diligence, collateral cash flow modelling, bond waterfall analytics, investor reporting and asset level disclosures for several consumer asset securitization transactions. Additionally, this position will coordinate with several internal teams to ensure monthly performance data, collection information and bond investor calculations are reported to the Trustee in a timely manner.
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.
Lead the development of collateral cash flow models, bond waterfall models and other analytics required for supporting the pre-closing and post-closing procedures for consumer securitization transactions.
Work with individual product, accounting, collections, credit, IT, Data and operations teams to build the necessary infrastructure to securitize consumer assets originated and acquired by PenFed.
Work with Investment Banks, Trustees, Rating Agencies, Accountants, internal and external stake holders for securitization transactions to ensure successful issuance of ABS transactions. Manage new investment banking, servicing, trustee relationships.
Leverage knowledge of Securitization regulations such as Credit Risk Retention requirements, Regulation AB, investor due diligence requirements and ensure compliance with these rules and regulations for all the upcoming securitization transactions.
Work with Finance, Product teams to determine the economics of securitization transactions based on current market conditions and enhance the ROA while focused on balance sheet management.
Manage and mentor individuals regarding Consumer Loan Securitization techniques and other capital market mechanisms to ensure PenFed is able to leverage the latest nuances in waterfall structures in the securitization transactions.
Analyze the stratifications of similar securitization transactions, performance trends and execution economics to compare enhancements to be made with respect to PenFed processes and systems. Work collaboratively with credit and product teams to publish a memo regarding the results of the analysis.
Review closing documents to ensure accurate disclosure of the waterfall mechanism and other analytics related to the securitization transaction. Incorporate any inputs/comments from internal departments such as Accounting, Legal, Finance, Compliance, Collections, TPRM, IT, Operations and Marketing.
Manage the publication of the monthly investor reporting package with coordination from Credit, accounting, investor reporting teams and respond to any investor queries or questions related to the securitization transactions.
Demonstrated Ability to analyze large amounts of consumer data using analytical tools such as R, SQL, Tableau, SAS, Excel, SPSS and Visual Basic.
Assist in the pricing, due diligence, purchase and sale of consumer portfolios and facilitate interactions with brokers, potential buyers in the portfolio due diligence and other operational aspects.
Qualifications
Equivalent combination of education and experience is considered.
Master's Degree in Business, Economics, Finance with preference for quantitative fields (e.g., Applied Math, Economics, Statistics, Predictive modeling) or a related field is preferred. Equivalent combination of education and experience is considered.
Minimum of twelve (12) years of work experience in financial services required.
Minimum of five (5) years of experience of management experience required.
Minimum of eight (8) years' experience in consumer lending preferred.
Minimum of five (5) years' experience in consumer analytics preferred.
Extensive knowledge of Consumer products (Autos, Credit Cards, Personal Loans, Mortgages) including identifying drivers for credit policy, knowledge of the underwriting process, performance analytics and reporting functions.
Demonstrated ability to manage complex enterprise-wide projects and end-to-end implementations that require building strong working relationships across the organization.
Proficiency in data analytics and reporting tools such as R, SQL, Tableau, SAS, SAS Enterprise Miner, Excel, SPSS, SPSS Modeler and Visual Basic.
Provides leadership to managers and other junior professional associates within the team.
Oversees the investor reporting and transaction analytics functions within the Capital Markets team.
Demonstrated ability to analyze and synthesize data to make decisions.
Track record of successfully executing consumer ABS securitization transactions interacting with multiple stake holders internally and externally within the organization.
Supervisory Responsibility
This position will supervise employees.
Licenses and Certifications
CFA or FRM is preferred
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 to investor locations occasionally 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.
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