Data Scientist I, MIRS (Hybrid - at least 3 days in NYC office)

At Radian, we see you for the person you are and the potential you hold. Our new way of working supports employees across the country to be their best selves, fostering an environment where everyone can thrive.

Responsibilities

• Programming in support of model estimation, implementation, monitoring, and back testing.
• Development and maintenance of cloud-based modeling frameworks.
• Analysis of standard reporting and model performance.
• Delinquency, default, prepayment, claim severity model estimation and design.
• Model development and methodology research.
• Creation of analytical presentations and communication of strategic business findings to management.
• Analysis and recommendations on alternative credit structures, risk sharing arrangements, and/or non-traditional manners in which to participate and take on credit risk.
• Data manipulation of large files (Python, SAS, or R datasets) to identify trends and make recommendations and/or adjustments to credit/portfolio guidelines.
• Perform other duties as assigned or apparent.

Requirements

• Understanding of probability modeling.
• Expert mathematical, statistical, and econometric understanding.
• Strong analytical background, with the ability and willingness to make recommendations based on sound business judgment.
• Practical proficiency in Python and working knowledge of SAS, R, or C++ for data analysis and modeling.
• Ability to learn financial analysis of structured mortgage products.
• Strong work ethic and independent problem-solving capabilities.
• High level of motivation and intellectual curiosity.
• Able to work in a team environment.
• Ability to research and define new analytical methods.
• Ability to communicate effectively and present results.

Qualifications

• Bachelor’s degree or foreign equivalent in Finance, Economics, Mathematics, and/or Statistics and 1 year of experience, or Master’s degree or foreign equivalent in Finance, Economics, Mathematics, and/or Statistics and no work experience.
• 1 or more years of prior work-related experience without a master’s degree; with a master’s degree, no prior work experience is required.

Benefits

• Competitive compensation: anticipated base salary from $80,000 to $100,000 based on skills and experience, plus eligibility for an annual incentive program.
• 20 days of paid time off annually (prorated in the year of hire), 9 paid holidays, and 2 floating holidays.
• Parental leave for all new parents.
• Comprehensive health benefits: multiple medical plan choices (including HSA and FSA options), dental, vision, and basic life insurance.
• 401(k) with an immediately vested top-of-market company match.
• Employee Stock Purchase Plan (ESPP).
• Homebuyer Perks program to support employees in the home searching, buying, selling, and refinancing processes.