JOB
INFORMATION
The Financial Economist Associate Program is a paid internship program in
preparation for potential full-time employment. Candidates selected for the
Financial Economist Associate Program will learn SAS and other software packages,
and apply analytical methods and models to problems such as asset valuation,
scenario analysis, and development of risk management strategies for
mortgage-based portfolios.
KEY JOB FUNCTIONS
·
Support
production and analytics for valuation of loss mitigation strategies such as loan
modification, short sale, and assisted refinance. Develop thoughtful
summaries of the team's work and communicate results clearly.
·
Develop a solid
working knowledge of the Credit Risk Loss Mitigation business. Support related
ad hoc requests from business partners.
·
Support
production and analytics behind quarterly model performance testing.
·
Examine data from
segments of the housing market to analyze the effects of interest rate and home
price movements on prepayment risk, default risk etc.
·
Perform economic
analysis of new loss mitigation products in order to support strategic or risk
management decisions.
·
Perform ad hoc
reports or analyses of various credit, asset performance, risk management or
similar data as requested by business unit or client management.
Qualifications
EDUCATION
·
Bachelor's Degree
or equivalent required
·
Master's degree
in Economics, Applied Mathematics, Statistics or a related field is preferred
·
CFA or FRM are
also valued.
MINIMUM EXPERIENCE
·
None
SPECIALIZED KNOWLEDGE & SKILLS
·
Strong
communication skills are required, particularly an ability to explain complex
technical issues to a non-technical audience; must also be able to explain the
economic logic behind our models and translate key findings to our business
customers.
·
A solid grasp of
econometric modeling and previous experience in credit analytics or mortgage
finance is helpful but not required.
·
Experience
working with economic, financial, and statistical models, preferably
mortgage-related.
·
A solid set of
programming skills is required.
Knowledge of relational database design and experience working with
large datasets is a plus.