Senior Manager, Risk Modeling
2 weeks ago
Figure is at the forefront of transforming financial services through its innovative, scalable, and rapidly evolving technology platform. By leveraging its loan origination capabilities and extensive partner network, Figure is set to introduce and expand new offerings that improve efficiency and transparency within the sector. The integration of advanced technology within Figure's platform promotes a more open and efficient capital market, supported by an increasing array of assets generated on its platform. This remarkable evolution is driven by a committed team at Figure, distinguished by their enthusiasm, creativity, teamwork, and dedication to building innovative solutions from the ground up. We appreciate individuals who approach every challenge with an entrepreneurial spirit and who will thrive in our culture of innovation.
Every day at Figure presents an opportunity for continuous learning while maintaining a strong focus on impactful work. Collaborate with a team of accomplished leaders who have successfully generated billions of dollars in value within the financial technology industry.
FastCo Most Innovative Companies
Forbes Top 50 Blockchain Companies
About the Role
We are seeking a Senior Manager, Risk Modeling to enhance our expanding team. You will take charge of the design, development, and execution of comprehensive quantitative models and algorithms across the organization. Your role will involve leading the research and development of proprietary models that underpin the company's lending strategies. This encompasses the creation and maintenance of mortgage models across various product categories (e.g., non-QM and home equity), as well as delivering in-depth analytics (default, prepayment, severity, and transition models) for assessing portfolio-level risk and returns.
This position is part of a small team, and the ideal candidate must be a collaborative team player, willing to engage in cross-functional projects, capable of grasping complex concepts, and able to communicate effectively with both internal and external stakeholders. The successful candidate will possess intellectual curiosity, be a self-starter, demonstrate meticulous attention to detail, and be adept at working under tight deadlines.
What You'll Do
- Develop, implement, and oversee a comprehensive modeling framework from inception.
- This unique role encompasses both modeling and transformation management. The ideal candidate will have a profound understanding of forecasting and credit models, along with the ability to adapt to evolving business strategies or external factors within the model.
- Lead the collection and analysis of relevant data for forecasting and model optimization.
- Clarify the variations in forecast model outputs based on portfolio trends, planned business initiatives, and model components/assumptions.
- Comprehend how inputs and outputs are generated and adjust inputs and outputs for scenario analysis or regression testing of the models.
- Oversee various monthly and quarterly reporting tasks, including the preparation of presentations and documentation with a focus on accuracy and deadlines.
- Advanced degree in Mathematics, Physics, Computer Science, Financial Engineering, or a related discipline.
- Experience: A minimum of 5+ years in a quantitative role within a financial services organization.
- Proven experience in financial modeling or within the financial sector is essential.
- Strong programming proficiency in at least one language, such as Python, R, C++, or Java.
- Familiarity with big data manipulation and analysis tools (e.g., SQL, Spark, Hadoop) along with experience in building and deploying models in a cloud-based environment (e.g., Azure, AWS, etc.).
- Experience with machine learning, data mining, econometric modeling, and general statistical modeling.
- Knowledge of prepayment, default, and loss models.
- Competitive salary and opportunities for advancement.
- Quarterly performance-based bonuses.
- Equity stock options package.
- Comprehensive health, vision, and dental insurance funded by the employer, including wellness programs for employees and their dependents.
- Employer-funded life and disability insurance coverage.
- Company-sponsored HSA, FSA, Dependent Care, 401k, and commuter benefits.
- Up to 12 weeks of paid family leave.
- Options for in-office, remote, and hybrid work arrangements.
- Home office and technology stipends for employees working outside of a traditional office for more than 75% of the time.
- Flexible time-off policy to empower employees to take the necessary time off.
- Continuing education reimbursement.
- Regular team swag deliveries.
Figure will not sponsor work visas for this position. In compliance with federal law, all individuals hired will be required to verify their identity and eligibility to work in the United States and to complete the necessary employment eligibility verification form upon hire.
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