Financial Engineer
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 (especially Non-Agency) pricing, hedging and other activities. 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. Knowledge and practical experience with Non-Agency Pricing, Collateral and Bond Cashflow dynamics. 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.
- Intermediate 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
- Non-Agency experience preferred.
Responsibilities
- Building, maintaining, and enhancing advanced models and analytics tools to support Secondary Marketing (especially Non-Agency) pricing, hedging and other activities.
- Building and maintaining the firm’s core financial and optimization models and providing analytical support for trading and hedging.
- Creating, maintaining and delivering quantitative processes including data mining, predictive modeling and other complex data processing.
- Utilizing complex quantitative software to manage the MSR/Early Buyout (EBO) portfolio and servicing positions, risk analysis, hedge strategies and market data.
- Maintaining, enhancing existing financial models including prepayment, mortgage rate, delinquency etc. and develop new models/algorithms when needed.
- Creating, maintaining, delivering monthly and quarterly analytical reports including valuation, risk, stress testing and model update.
Benefits
- We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program.
- In addition, you’ll have the opportunity to bolster your 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!
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
