Financial Engineer
About the Role
Work closely with the Development Team on the application and product development of financial tools. Provide consulting and analysis to clients using these tools. Perform ad-hoc data analysis as needed and assist managers of specific product lines with analytical projects. Design test cases and test applications for systems to ensure business needs are met and analytics are correctly implemented. Examine current model functionalities and explore new tools to optimize workflow efficiency.
Develop and maintain databases and data systems to support loan data analysis and modeling. Design, develop, and maintain data pipelines and architectures to support loan data analysis and modeling. Explore new technologies, tools, and methodologies to enhance existing loan data solutions and models.
Responsibilities
- Develop, analyze, test, and calibrate financial models, tools, and products.
- Explore and leverage cutting-edge Artificial Intelligence and Machine Learning techniques for quantitative modeling purposes.
- Design, develop, recalibrate, and deploy prepayment and credit models for the mortgage market.
- Furnish comprehensive analysis and documentation elucidating methodologies, techniques, and discoveries.
- Investigate and manage large data sets, specifically panel data.
- Explain model behavior, carry out scenario analysis, provide guidance and analytics.
- Collaborate with Research and Development on the application and development of financial tools.
- Provide quantitative reports on mortgage market performance and risk factors, including their potential impact.
- Perform ad-hoc analyses and support valuation and pricing projects.
- Assist in transaction planning and structuring by contributing to credit analysis and pricing strategies.
- Collaborate with business owners to design and implement interfaces for recording key indicators, and research industry best practices for analyzing and reporting performance metrics.
- Develop test cases and validate systems used for analytics, pricing, risk management, and credit analysis to ensure alignment with business needs and accurate implementation.
- Perform other duties as assigned.
Requirements
- Master’s degree or equivalent in Financial Engineering, Mathematics, or related field.
- 3+ years of progressively responsible experience in a quantitative field preferred.
- Proficiency in SQL, databases, scripting languages, and Python.
- Creativity, innovation, and passion in quantitative research and modeling.
- Hard worker and team player, highly self-motivated in learning and applying new techniques.
Preferred Qualifications
- Ability to solve real-world business problems using quantitative and computational techniques.
- Ability to implement algorithms in multiple computing environments and languages.
- Strong oral communication and documentation skills.
- Strong understanding of financial markets and market behavior.
Pay
The expected base salary for this role, if located in New York, is between $100,100 – $140,800 USD. The base salary range does not include incentive compensation.
Benefits
- Healthcare coverage (medical, dental, and vision).
- 401(k) plan.
- Life insurance.
- Time off and paid leave for qualifying circumstances.