Financial Engineer at Western Alliance Bancorporation

Westlake Village, California, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Mar, 26

Salary

125000.0

Posted On

14 Dec, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Engineering, Non-Agency Pricing, Collateral Dynamics, Bond Cashflow Dynamics, Data Mining, Predictive Modeling, C#, SQL Server, Excel, Excel VBA, PowerBI, Statistical Analysis, R, Python, Communication Skills

Industry

Banking

Description

Job Title: Financial Engineer Location: CA - Westlake Village What you'll do: As a Financial Engineer you’ll be part of the Capital Market's Analytics team that focuses on building, maintaining, and enhancing advanced models and analytics tools to support Secondary Marketing (especially Non-Agency) pricing, hedging and other activities. You and your team will work closely with the firm’s trading desk and you’ll be responsible for building and maintaining the firm’s core financial and optimization models and providing analytical support for trading and hedging. Knowledge and practical experience with Non-Agency Pricing, Collateral and Bond Cashflow dynamics. Create, maintain and deliver quantitative processes including data mining, predictive modeling and other complex data processing. Utilize complex quantitative software to manage the MSR/Early Buyout (EBO) portfolio and servicing positions, risk analysis, hedge strategies and market data. Maintain, enhance existing financial models including prepayment, mortgage rate, delinquency etc. and develop new models/algorithms when needed. Create, maintain, deliver monthly and quarterly analytical reports including valuation, risk, stress testing and model update. What you'll need: 1+ years of related experience. Bachelor's degree in related field required; Masters or MBA in related field preferred. Non-Agency experience preferred. Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending including; sales, operations, capital markets and/or other residential mortgage products and services. Entry level knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Intermediate to advanced experience with C#, SQL Server, Excel and Excel VBA, PowerBI. Intermediate to advanced experience with statistical analysis, including the use of tools like R or Python. Intermediate speaking and writing communication skills. Compensation: Salary range for new hires is generally $107,395.00 - $125,000.00 for Westlake Village, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned. Benefits you’ll love: We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. © Western Alliance Bancorporation About Western Alliance Bancorporation With more than $80 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. Through its primary subsidiary, Western Alliance Bank, Member FDIC, clients benefit from a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by industry experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bancorporation. For more information, visit Western Alliance Bank online. Terms & Notices Privacy Policy FDIC Insurance

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Responsibilities

As a Financial Engineer, you will build, maintain, and enhance advanced models and analytics tools to support Secondary Marketing pricing and hedging activities. You will work closely with the trading desk and provide analytical support for trading and hedging.