Model Development Manager
Responsibilities:
- Oversee analysis and monitoring of credit risk trends and exposures related to mortgage loan and investment portfolios.
- Lead development and maintenance of credit risk models (e.g., prepayment, default, loss), including assumption setting, calibration, and performance monitoring.
- Design and enhance analytical models and risk management frameworks to evaluate credit enhancement adequacy.
- Conduct back-testing and benchmarking to assess model performance and recommend improvements.
- Direct scenario analysis and stress testing to evaluate portfolio risks under varying macroeconomic conditions.
- Perform credit reviews of institutions and servicers based on financial performance and creditworthiness.
- Collaborate with validators, auditors, and regulators to improve model accuracy and ensure compliance.
- Drive process improvements through advanced data management, automation, and programming tools.
- Build strong partnerships with internal teams (business, operations, finance, legal, risk) and external stakeholders (regulators, vendors).
Qualifications:
- Bachelor's degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related field; Master's preferred.
- CFA or FRM candidates preferred.
- 5+ years of experience in finance, data analytics, or modeling.
- 2+ years of people management experience.
- Experience with mortgage underwriting and servicing preferred.
- Skilled in building predictive statistical models and algorithmic solutions.
- Proficiency in SQL, Python, and R.
- Familiarity with BI tools such as Tableau and Alteryx.
- Strong understanding of mortgage industry, fixed income investments, credit risk management, and statistical modeling.
- Expertise in credit risk modeling, including statistical analysis and performance monitoring.
- Ability to synthesize complex findings into actionable recommendations.
- Strong leadership, communication, and stakeholder management skills.
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