Financial Engineer/Data Scientist

Western Alliance Bank • Westlake Village, CA

1d • Onsite

About The Position

As a Financial Engineer, you will be part of the Capital Market's Analytics team, focusing on building, maintaining, and enhancing advanced models and analytics tools to support the Secondary Marketing pipeline position. You and your team will work closely with the firm’s trading desk and will be responsible for building and maintaining the firm’s core financial and optimization models and providing analytical support for trading and hedging. This role involves creating, maintaining, and delivering quantitative processes including data mining, predictive modeling, and other complex data processing. You will utilize complex quantitative software to manage the MSR/Early Buyout (EBO) portfolio and servicing positions, risk analysis, and hedge strategies, as well as market data. The position requires maintaining and enhancing existing financial models (e.g., prepayment, mortgage rate, delinquency) and developing new models/algorithms as needed. Additionally, you will create, maintain, and deliver monthly and quarterly analytical reports, including valuation, risk, stress testing, and model updates.

Requirements

• 1+ years of related experience.
• Bachelor's degree in related field required.
• Entry level knowledge of residential mortgage industry in Correspondent or Retail Lending including; sales, operations, capital markets and/or other residential mortgage products and services.
• Entry level knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate to advanced experience with C#, SQL Server, Excel and Excel VBA, PowerBI.
• Intermediate to advanced experience with statistical analysis, including the use of tools like R or Python.
• Intermediate speaking and writing communication skills.

Nice To Haves

• Masters or MBA in related field preferred.

Responsibilities

• Build, maintain, and enhance advanced models and analytics tools to support Secondary Marketing pipeline position.
• Work closely with the firm’s trading desk.
• Build and maintain the firm’s core financial and optimization models.
• Provide analytical support for trading and hedging.
• Create, maintain, and deliver quantitative processes including data mining, predictive modeling, and other complex data processing.
• Utilize complex quantitative software to manage the MSR/Early Buyout (EBO) portfolio and servicing positions, risk analysis, hedge strategies, and market data.
• Maintain and enhance existing financial models including prepayment, mortgage rate, delinquency etc.
• Develop new models/algorithms when needed.
• Create, maintain, and deliver monthly and quarterly analytical reports including valuation, risk, stress testing, and model updates.

Benefits

• Competitive salaries
• Ownership stake in the company
• Medical and dental insurance
• Time off
• 401k matching program
• Tuition assistance program
• Employee volunteer program
• Wellness program
• Opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level