Associate, Mortgage Credit Modeler
Apply NowCompany: Bayview Asset Management
Location: New York, NY 10025
Description:
Overview
POSITION SUMMARY
Bayview is a leading financial services firm specializing in mortgage-related investments. Our team is dedicated to delivering cutting-edge solutions through rigorous research and advanced modeling techniques.
ROLE OVERVIEW
We are seeking a highly motivated and skilled candidate to join our Credit Modeling Team under the Bayview Research Team. The ideal candidate will have 1-3 years of experience in statistical modeling, with a focus on mortgages. This role involves validating and calibrating default models, performing empirical analysis as requested by the business as well as collaborating with US and Europe business teams to enhance their understanding and application of these models.
KEY RESPONSIBILITIES
Validate and calibrate mortgage credit models (for defaults and loss given defaults) to ensure robustness, consistency, and predictive power.
Continuously monitor and improve model performance through back-testing and performance analysis.
Analyze mortgage data to identify trends and patterns that influence credit behavior.
Assist in the development and implementation of new modeling approaches and techniques.
Communicate complex statistical concepts and model outputs to non-technical stakeholders.
Collaborate with business teams to provide insights and support in utilizing credit models effectively.
QUALIFICATIONS
Bachelor's or Master's degree in Statistics, Mathematics, Economics, Finance, or a related field.
1-3 years of experience in statistical modeling, preferably within the mortgage industry.
Proficiency in Python and SQL is a must for model development and empirical analysis.
Strong analytical and problem-solving skills with attention to detail.
Strong communication skills, both written and verbal, and the ability to work on multiple tasks and projects simultaneously.
Ability to work independently and as part of a collaborative team.
Familiarity with mortgage data.
CERTIFICATIONS, LICENSES, and/or REGISTRATION
N/A.
LOCATION & COMPENSATION
This role is a hybrid position (3 days onsite) based in Bayview's Coral Gables, FL office or New York, NY office, or can be fully remote depending on background / experience. We have existing Research team members in the Coral Gables and New York offices.
Base compensation is expected to be $110-135k, with opportunity for incentive compensation including a performance-based bonus.
PHYSICAL DEMANDS and WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
EEOC
Bayview Asset Management is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
POSITION SUMMARY
Bayview is a leading financial services firm specializing in mortgage-related investments. Our team is dedicated to delivering cutting-edge solutions through rigorous research and advanced modeling techniques.
ROLE OVERVIEW
We are seeking a highly motivated and skilled candidate to join our Credit Modeling Team under the Bayview Research Team. The ideal candidate will have 1-3 years of experience in statistical modeling, with a focus on mortgages. This role involves validating and calibrating default models, performing empirical analysis as requested by the business as well as collaborating with US and Europe business teams to enhance their understanding and application of these models.
KEY RESPONSIBILITIES
Validate and calibrate mortgage credit models (for defaults and loss given defaults) to ensure robustness, consistency, and predictive power.
Continuously monitor and improve model performance through back-testing and performance analysis.
Analyze mortgage data to identify trends and patterns that influence credit behavior.
Assist in the development and implementation of new modeling approaches and techniques.
Communicate complex statistical concepts and model outputs to non-technical stakeholders.
Collaborate with business teams to provide insights and support in utilizing credit models effectively.
QUALIFICATIONS
Bachelor's or Master's degree in Statistics, Mathematics, Economics, Finance, or a related field.
1-3 years of experience in statistical modeling, preferably within the mortgage industry.
Proficiency in Python and SQL is a must for model development and empirical analysis.
Strong analytical and problem-solving skills with attention to detail.
Strong communication skills, both written and verbal, and the ability to work on multiple tasks and projects simultaneously.
Ability to work independently and as part of a collaborative team.
Familiarity with mortgage data.
CERTIFICATIONS, LICENSES, and/or REGISTRATION
N/A.
LOCATION & COMPENSATION
This role is a hybrid position (3 days onsite) based in Bayview's Coral Gables, FL office or New York, NY office, or can be fully remote depending on background / experience. We have existing Research team members in the Coral Gables and New York offices.
Base compensation is expected to be $110-135k, with opportunity for incentive compensation including a performance-based bonus.
PHYSICAL DEMANDS and WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
EEOC
Bayview Asset Management is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.