Quantitative Risk Developer

MGIC Investment   •  

Milwaukee, WI

Industry: Finance & Insurance

  •  

Less than 5 years

Posted 40 days ago

  by    Nancy Vang-Lee

Why work at MGIC?

Are you someone who wants to play a critical role in our company's success? Do you enjoy solving puzzles and finding a better way to get things done? Are you someone who likes to Take The Lead and make an impact? If so, then imagine yourself at MGIC. At MGIC we are a team of dedicated professionals on a fearless mission. A team that fosters a culture of career development and continuous learning opportunities to help you rise to new heights. We are passionate about providing outstanding customer service and making a difference in our community. #WeAreMGIC

We are looking for a motivated individual to join our Risk Management Department. This role impacts the organization by supporting analytical processes and development of the risk management analytics platform through model engineering, development, quantitative research, computer simulation, and implementation of models in high performance computing environments. This is a great opportunity for a strong developer who wants to explore, evolve and grow their quantitative skills in the mortgage finance industry.

How will you make an impact?

  • Helps develop, support and maintain risk management analytics platform and computing environment
  • Conducts independent assessments of model performance, identifying model strengths and limitations from both a computing and quantitative perspective
  • Conducts research on various factors related to assigned focus (e.g., cash flow forecasting, data/statistical analysis, structured credit pricing) and impact thereof. Reviews information collected and identifies relevant components.
  • Maintain and run various quantitative analyses and models, as well as data inputs preparation.
  • Plans or participates in the planning of complex key business projects. Establishes scope and objectives, and develops the strategy for completion.
  • Conducts research, gathers information, and maintains awareness of business environment, government events, regulatory changes, and rating agency disclosures.
  • Responsible for unique and ongoing responsibilities as assigned.


Do you have what it takes?

Education: Completion of Bachelor Degree in Computer Engineering, Mathematics or related quantitative field.

Required Knowledge and Skills:

  • Interdisciplinary knowledge mathematics, statistics, and programming
  • Principles and mathematics behind stochastic processes
  • Proficiency in object oriented programming and languages such as R, Python or C++
  • Proficiency in data query and statistical tools/languages such as SAS, SQL, or similar
  • Statistical and machine learning methods
  • Probability and simulation methods


Experience:

  • 1 year advanced work
  • Requires periodic oversight to perform tasks
  • Requires specific direction
  • Performs analysis of moderate complexity


Enjoy these benefits from day one:

• Competitive Salary & pay-for-performance bonus

• Financial Benefits (401k with company match, pension plan, profit sharing, HSA, wellness rewards program)

• On-site Fitness Center and classes (corporate office)

• Paid-time off and paid company holidays

• Business casual dress