Mortgage Risk Management Specialist

3 weeks ago


New York, New York, United States Underground Administration Full time
Job Summary:
We are seeking a Mortgage Risk Management Specialist to join our team at Underground Administration. This role will involve developing and implementing mathematical models to manage market and interest rate risk on mortgage products.

Key Responsibilities:
- Implement interest rate models, mortgage prepayment models, mortgage default models, derivative valuation models, hedging strategies, and horizon forecast models to support various mortgage business
- Develop and maintain software applications using C++ and other programming languages
- Collaborate with cross-functional teams to implement software development cycles and agile technologies

Requirements:
- Master's degree or higher in a quantitative discipline (mathematics, statistics, engineering, physics, economics, or computer science)
- 2+ years of C++ experience
- Strong understanding of interest rate derivatives models and mortgage analytics

Why Work With Us:
We offer a competitive salary range of $120,000 - $180,000 per year, as well as a comprehensive benefits package including medical, dental, vision, variable bonuses, backup child care, tuition reimbursement, and more.

About Us:
Underground Administration is a leading organization in the field of mathematical finance. We are dedicated to developing and implementing complex mathematical models to manage market and interest rate risk on mortgage products. Our team is comprised of talented professionals who are passionate about their work and committed to excellence.

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