Financial Engineer/Data Scientist

Western Alliance Bank•Westlake Village, CA

3d•$107,395 - $132,661

About The Position

As a Financial Engineer you’ll be part of the Capital Market's Analytics team that focuses on building, maintaining, and enhancing advanced models and analytics tools to support Secondary Marketing pipeline position. You and your team will work closely with the firm’s trading desk and you’ll be responsible for building and maintaining the firm’s core financial and optimization models and providing 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, enhance existing financial models including prepayment, mortgage rate, delinquency etc. and develop new models/algorithms when needed. Create, maintain, deliver monthly and quarterly analytical reports including valuation, risk, stress testing and model update.

Requirements

1+ years of related experience
Bachelor's degree in related field required; Masters or MBA in related field preferred
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

Responsibilities

building, maintaining, and enhancing advanced models and analytics tools to support Secondary Marketing pipeline position
building and maintaining the firm’s core financial and optimization models and providing 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, enhance existing financial models including prepayment, mortgage rate, delinquency etc. and develop new models/algorithms when needed
Create, maintain, deliver monthly and quarterly analytical reports including valuation, risk, stress testing and model update