Our client, a leading source of financing for mortgage lenders, is seeking a Financial Modeler. 

Using mathematical models drawn from Economics, Statistics, probability theory, or pure mathematics, develop models of how existing or possible assets, products, derivatives, or markets might behave under varying conditions. Develop methods consistent with pertinent discipline for assessing the effects of different variables acting on the asset or market being examined. May develop tests or standards for judging the accuracy or predictive powers of the models being developed. May confer with capital market or product specialists to determine needs for analysis or to acquire empirical data to use in model building or validation. 

  • Confer with business unit, risk management or other corporate office to determine what asset, transaction, process, or capital segment is to be subject to analysis using a model. May acquire data for use in developing and/or testing the model. 
  • Develop/refine/test model using established quantitative methods. Run against data provided by business unit or extracted from appropriate database. 
  • Using existing quantitative model or develop new model, to project performance of hybrid financial instruments such as derivatives. Apply model to empirical data from such assets and refine as needed. 
  • Define requirements for new functionality, provide prototype code and test results to assist Common Analytics Platform (CAP) in implementing new and refining existing valuation methods. 
  • Research financial model operating results for a particular business unit, product line and the like; provide data support and propose explanations for valuation models and changes over time. 
  • Research and recommend the usage of financial tool kit functions (curve building, derivatives schedule generation and consult with other modelers, financial engineers and management staff regarding the use of these tools 
  • Lead or play technical lead in projects expanding the use of models or developing new uses, and provide technical guidance to less senior modelers.
  • Bachelor's Degree or equivalent required
  • 6+ years of related experience
  • Experience analyzing and presenting data to inform Executive-level decision-making 
  • Knowledge of Machine Learning, Cognitive Computing, and/or other emerging analytical trends 
  • Experience designing and executing research studies within organizations a plus 
  • Advanced degree in Operations Research, Behavioral Economics, Engineering, or other scientific field preferred 
  • Financial industry experience preferred, but not required
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