Radian

Data Scientist II - Hybrid

New York, NY | $95K - $136K

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Qualifications

Expert understanding of mortgage delinquency, default, prepayment and loss given default modeling
Expert mathematical, statistical, and econometric understanding
Strong analytical background, along with the ability and willingness to effectively make recommendations on transactions based on sound business judgment
Expert in SAS, R, C++ or python for data analysis and modeling
Strong understanding of financial analysis of structured mortgage products
Expert in SAS, R, or python and proficient in Excel for data analysis
Experience leveraging cloud computing
Able to work in a team environment
Able to effectively summarize and communicate relevant findings and other information
Degree Requirement: Master's Degree or Equivalent Experience
Certifications: Quantitative Field
Work Experience: 4 or more years of prior work related experience

Responsibilities

The Data Scientist II, MIRS primary function is estimating, validating, monitoring, and implementing consumer credit models focused on mortgage default and prepayment
This requires the use of statistical and econometric methods within a structural modeling framework while leveraging cloud computing solutions
Models will be applied to estimate mortgage insurance cash flows including claim incidence, claim severity, required capital, expected premium, return on equity, existing mortgage insurance policy attrition, and new insurance policy acquisition
The position requires the Data Scientist II to research, develop and make recommended changes to existing models and new models
Cash flow valuation of primary mortgage insurance policies, structured mortgage insurance policies, mortgage-backed derivatives, reinsurance, and other risk-transfer transactions are also within the position’s scope of analysis
Additional responsibilities may include supporting economic scenario simulation, economic capital, and portfolio optimization
Responsibilities include leveraging machine learning, AI and econometrics in hybrid model design using Big Data and unstructured data to cultivate and leverage business insights
Delinquency, default, prepayment, claim severity model estimation and design
Programming in support of model estimation, implementation, monitoring, and back testing
Creation of analytical presentations and communication of strategic business findings to management
Analysis and recommendations on alternative credit structures, risk sharing arrangements, and/or non-traditional manners in which to participate and take on credit risk as appropriate and necessary
Data manipulation of large files (R, Python, or SAS datasets) to identify trends and make recommendations and/or adjustments to credit/portfolio guidelines as necessary
Model development and methodology research
Perform other duties as assigned or apparent
Work From Anywhere is subject to Radian’s Alternative Work Policy and business needs

Benefits

This role is hybrid and will provide you the flexibility to work both in office and at your designated *Work From Anywhere* location each week
Competitive Compensation: anticipated base salary from $95,000 to $135,700 based on skills and experience
This position is eligible to participate in an annual incentive program
This role is eligible for 25 days of paid time off annually, which is prorated in the year of hire based on hire date
In addition, based on your hire date, you will be eligible for 9 paid holidays + 2 floating holiday in support of our DEI culture
Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance
401(k) with a top of market company match (did we mention the company match is immediately vested?!) and an opportunity to participate in Radian’s Employee Stock Purchase Plan (ESPP)
Paid Parental Leave
An opportunity for all new parents to embrace this exciting change in their lives
Employee Assistance and Discount Programs
From helping you navigate the healthcare system, to providing resources and assistance to parents and caregivers of children with development disabilities, to scoring discounts with thousands of retailers
Pet Insurance
To help protect our furry family members

: 1,001-5,000 employees
: Software, Insurance, Information Technology, Finance, Financial Services, Professional Services, Construction, Technology, Consulting, Real Estate
: Public Company
: Wayne, Pennsylvania
: Company Specialties:
Mortgage Insurance, Loss Management and Homeownership Preservation, and Risk Management