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, hedge strategies, and market data. Additionally, you will maintain and enhance existing financial models (including prepayment, mortgage rate, delinquency, etc.) and develop new models/algorithms as needed. The position also requires creating, maintaining, and delivering 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

• 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.
• 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.

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