Quantitative Analyst CoStar Risk Analytics
Quantitative Analyst CoStar Risk Analytics
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Job Description
Job Description
CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information analytics and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100 CoStar Group is on a mission to digitize the worlds real estate empowering all people to discover properties insights and connections that improve their businesses and lives.
We have been living and breathing the world of real estate information and online marketplaces for over 35 years giving us the perspective to create truly unique and valuable offerings to our customers. Weve continually refined transformed and perfected our approach to our business creating a language that has become standard in our industry for our customers and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers our employees and investors. By equipping the brightest minds with the best resources available we provide an invaluable edge in real estate.
CoStar Risk Analytics located in Boston MA works with market participants across the commercial real estate (CRE) lending spectrum. Our solution provides lenders with the ability to better target business appropriately price loans make informed approval of credits actively manage their portfolio with robust stress testing and surveillance measures assess refinance risk and execute with a disciplined framework.Our clients include both public and private lenders ranging from commercial banks and financial institutions to pension funds and insurance companies as well as government and rating agencies.
CoStar Risk Analytics is currently looking for a Quantitative Analyst to join the growing Boston based team. This individual will work on the industry leading credit risk model Compass the calculation engine of CoStar Lender product.
Responsibilities:
- Conduct independent and creative quantitative research applied towards modeling of loan default risk prepayment risk recoveries risk rating CECL capital adequacy and other related credit risk analysis in the lending fields of commercial mortgage residential mortgage commercial & industrial and commercial backed mortgages securities (CMBS).
- Conduct ongoing model validation analysis and evaluate the needs for model enhancements and recalibration.
- Translate business needs of analytics calculation and modeling functionalities into product model features and conduct research on data requirements and selections of model framework.
- Implement data mining techniques to research select validate and integrate data for model development and testing.
- Create detailed functional specifications to implement calculations and application of new model features.
- Build prototype model using Python R or SAS software languages and generate sample test files for model development tests.
- Closely work with product team and IT developers to productize new model features QA model implementation identify and fix errors or bugs in the source code of model developments.
- Create comprehensive documentation and presentation decks on model information for both internal and external use.
- Create update and QA historical and forecast data tables for ongoing model implementation.
- Assist with clients request on model training model interpretative analysis and validation analysis (including sensitivity analysis impact analysis and attribution analysis) and regulatory model risk management compliance.
- Conduct market research on related model methodology and approaches and regulatory requirements on model adoptions.
Basic Qualifications:
- Bachelors degree from an accredited notforprofit University or College is required.
- A track record of commitment to prior employers.
- Masters degree in Economics/Statistics/Real Estate/Finance/Financial Engineering/Data Analytics or relevant fields
- 3 years of relevant work experience in a researchoriented environment and/or in financial services including banking insurance investment management commercial real estate or accounting
- Knowledge of applied statistical analysis stochastic processes econometrics and quantitative methodologies.
- Excellent programming skills in Python R SQL SAS Stata or other languages and the ability to conduct data mining in large dataset
- Accuracy and attention to detail
- Excellent problemsolving skills
- Ability to articulate model features to different audience to provide broad overview or technical details
Preferred Qualifications:
- Experience with credit risk modeling and analysis (PD LGD EL) on wholesale lending.
- Familiarity with regulatory framework including CCAR/DFAST CECL and Basel III
- Familiarity with industry trends in with investment technology and lending such as AI/machine learning climate risk and ESG
- Experience with common market analytical tools such as Bloomberg Intex Trepp
Whatsin it for you
When you join CoStar Groupyoullexperience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.
We offer you generous compensation and performancebased incentives. CoStar Group also invests in your professional and academic growth with internal training tuition reimbursement and an interoffice exchange program.
Our benefits package includes (but is not limited to):
- Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
- Life legal and supplementary insurance
- Virtual and in person mental health counseling services for individuals and family
- Commuter and parking benefits
- 401(K) retirementplanwith matching contributions
- Employee stock purchase plan
- Paid time off
- Tuition reimbursement
- Onsite fitness center and/or reimbursed fitness center membership costs (location dependent)
- Access to CoStar Groups Diversity Equity & Inclusion Employee Resource Groups
- Complimentary gourmet coffee tea hot chocolate fresh fruit and other healthy snacks
This position offers a base salary range of $104000 $140000 based on relevant skills and experience and includes a generous benefits plan.
We welcome all qualified candidates who are currently eligible to work fulltime in the United States to apply.However please note that CoStar Group is not able to provide visa sponsorship for this position.
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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drugfree workplace and perform preemployment substance abuse testing
Required Experience:
IC
Employment Type
Full-Time
