Risk & Resilience Engineer

First Street•New York, NY

3d•$90,000 - $125,000•Hybrid

About The Position

First Street is a leader in Climate Risk Financial Modeling, translating climate risk into financial outcomes for investors, businesses, and communities. The company uses advanced climate science and economic modeling to predict the impact of natural hazards. This role involves working with the Science teams to build loss models that represent structure damages and downtime from natural hazards, enabling customers to connect physical risk to financial risk. The ideal candidate will have a background in engineering, materials science, resilience, cost estimation, and data science, with the ability to solve problems in data-poor environments.

Requirements

Ph.D. (preferred) or Master’s degree with 3 years experience in structural engineering, civil engineering, operation research, or a related field.
Strong background in vulnerability developments, statistics, and/or quantitative analytics
Hands-on experience in developing risk models for buildings or infrastructure systems using machine-learning models or statistical methods
Experience working with multi-hazard data, catastrophe models, building level damage data, and construction cost estimation data
Expertise using scripted languages like Python
Expertise in a science-based approach with a high degree of concern for reliability, accuracy and reproducibility

Nice To Haves

Experience in developing scalable and generalized catastrophe risk models
Strong publication record
Proficiency with source control platforms such as Git
Research experience in the latest resilience modeling, technical guidelines, etc.
ML/AI experience
Expertise with big data analysis in high performance compute environments, either on premises or on cloud platforms including AWS, GCP, and/or Azure
Hands on experience in building loss models from scratch

Responsibilities

Connect climate and financial risk by developing custom loss models representing impacts to structures and infrastructure assets globally to pair with First Street’s hazard models
Create models of structure damage, repair time, and indirect impacts using a combination of approaches including first principles of engineering, cost estimation, statistics, and machine learning.
Analyze historical loss observational data to improve model accuracy, identify quality control issues, and develop suggested remedies for identified issues.
Perform statistical analysis to validate loss model predictions and assess model uncertainties.
Conduct background research and using insights from the current state of academic literature to inform approaches in quantitative modeling.
Analyze building codes and exposure datasets to identify common construction practices globally to inform loss model section
Create property level adaptation scenarios that enable customers to understand the return on investment of personal property protections

Benefits

Competitive salary commensurate with experience
Ownership interest in the company via Employee Stock Option Plan
Hybrid Schedule with in-office work days on Monday, Wednesday and Thursday
15 vacation days
8 statutory company holidays
5 days for winter break office closure
10 sick days
Healthcare monthly premium covered at 100% for employee or a significant contribution for family plans
Vision and dental benefits with partial employee contribution
12 weeks of paid parental leave
Access to One Medical, Teledoc, HealthAdvocate, Kindbody, and Talkspace
Company 401k program
Commuter benefits
Life Insurance
Tech startup environment
Weekly team meals and an office stocked with coffee and snacks
Working on the world’s biggest issue with other passionate professionals
Bonus
401(k) with company match
Paid time off
Paid parental leave
Comprehensive health benefits