JOE Listings (Job Openings for Economists)

August 1, 2018 - January 31, 2019

Fortress Investment Group

This listing is inactive.
Quantitative Model Developer

JOE ID Number: 2018-02_111461314
Date Posted: 10/16/2018
Date Inactive: 01/31/2019
Position Title/Short Description
Title: Quantitative Model Developer
Section: Full-Time Nonacademic
Location: New York, New York, UNITED STATES
JEL Classification: 00 -- Default: Any Field
Quantitative Model Developer
Yield Book
Full Text of JOE Listing:

The quantitative model developer will combine strong data analysis, software development, and collaborative skills to help build a high-performance risk analytics platform for non-securitized mortgage asset management. The position reports to the Head of Quantitative Modeling, New Residential Investment Corp., and managed by an affiliate of Fortress Investment Group LLC.

Responsibilities Include:
• Utilize data technology to develop tools for analysis of large residential loan data sets;
• Leverage large data analysis techniques to build models for portfolio management purposes
• Perform exploratory data analysis and collateral surveillance to assist in the portfolio management strategy
• Implement MSR cash flow generation and prepayment models
• Build collateral and model surveillance reports

Qualifications/Skills Required:
• 2-5 years of experience using R, Python, SQL, AWS to develop applications for production settings
• Familiarity with statistical regression techniques and predictive analytics methods
• Experience working with consumer loan loan data such as mortgage servicing rights and advances, whole loans, consumer loans, student loans, US and European RMBS
• Knowledge of Intex, Polypaths, Yield Book, CoreLogic and agency mortgage data
• Excellent communication skills and ability to collaborate effectively with a team

Educational Requirements:
• Advanced degree in a quantitative discipline (financial engineering, computer science, math, science, economics)

Application Requirements:
  • External Application Link