Data Scientist II
Data Scientist II
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$ 97000 - 137000
1 Vacancy
Job Description
See yourself at Radian We see you here too.
At Radian we see you. For the person you are and the potential you hold. Thats why weve embraced a new way of working that lets our people across the country be themselves be their best and be their boldest. Because when each of us is truly seen each of us gives our best and at Radian well give you our best right back.
Studies have shown that job seekers may hesitate to apply for jobs unless they meet every single qualification listed. We strive to see the potential in each applicant so if youre excited about this role but your experience or education level doesnt align perfectly with every qualification in the job description we encourage you to apply anyway. You may be just the right candidate for this or other roles.
The Data Scientist II MIRS primary function is estimating validating monitoring and implementing consumer credit models focused on mortgage default and prepayment. This requires the use of statistical and econometric methods within a structural modeling framework while leveraging cloud computing solutions. Models will be applied to estimate mortgage insurance cash flows including claim incidence claim severity required capital expected premium return on equity existing mortgage insurance policy attrition and new insurance policy acquisition. The position requires the Credit Modeler II to research develop and make recommended changes to existing models and new models. Cash flow valuation of primary mortgage insurance policies structured mortgage insurance policies mortgage-backed derivatives reinsurance and other risk-transfer transactions are also within the positions scope of analysis. Additional responsibilities may include supporting economic scenario simulation economic capital and portfolio optimization. Responsibilities include leveraging machine learning AI and econometrics in hybrid model design using Big Data and unstructured data to cultivate and leverage business insights. The position requires the ability to effectively communicate technical findings and recommendations to nontechnical managements teams.See Yourself as a Data Scientist II
The Data Scientist II primary function is estimating validating monitoring and implementing consumer credit models focused on mortgage default and prepayment. This requires the use of statistical and econometric methods within a structural modeling framework while leveraging cloud computing solutions. Models will be applied to estimate mortgage insurance cash flows including claim incidence claim severity required capital expected premium return on equity existing mortgage insurance policy attrition and new insurance policy acquisition. The position requires the DS II to research develop and make recommended changes to existing models and new models. Cash flow valuation of primary mortgage insurance policies structured mortgage insurance policies mortgage-backed derivatives reinsurance and other risk-transfer transactions are also within the positions scope of analysis. Additional responsibilities may include supporting economic scenario simulation economic capital and portfolio optimization. Responsibilities include leveraging machine learning AI and econometrics in hybrid model design using Big Data and unstructured data to cultivate and leverage business insights. The position requires the ability to effectively communicate technical findings and recommendations to nontechnical managements teams.
See Your Primary Duties and Responsibilities
Delinquency default prepayment claim severity model estimation and design.
Programming in support of model estimation implementation monitoring and back testing
Creation of analytical presentations and communication of strategic business findings to management
Analysis and recommendations on alternative credit structures risk sharing arrangements and/or non-traditional manners in which to participate and take on credit risk as appropriate and necessary.
Data manipulation of large files (R Python or SAS datasets) to identify trends and make recommendations and/or adjustments to credit/portfolio guidelines as necessary.
Model development and methodology research
Perform other duties as assigned or apparent.
See the Job Specifications
Qualifications:
Strong understanding of probability modeling.
Strong analytical background along with the ability and willingness to effectively make recommendations on transactions based on sound business judgment.
Knowledge in SAS R C or python for data analysis and modeling.
Experience leveraging AWS based applications and resources (EC2 EMR S3 Lambda Jupyter Notebook Zeppelin Spark) is desirable.
Expert mathematical statistical and econometric knowledge.
Strong understanding of financial analysis of structured mortgage products.
Experience leveraging cloud computing.
Able to work in a team environment.
Able to effectively summarize and communicate relevant findings and other information.
Your Education Certifications and Prior Work-Related Experience:
Degree Requirement: Bachelors degree or foreign equivalent and 3 years of experience
Degree Preferred: Masters degree or foreign equivalent and 1 years of experience.
Work Experience: 3 or more years of prior work related experience
See Why You Should Work With Us
Competitive Compensation:anticipatedbase salaryfrom $97000to $137000based on skills and experience. This position is eligible to participate in anannualincentive program.
Rest and Relaxation.This role iseligible for25days of paid time off annually which is prorated in the year of hire based on hire addition based on your hire date you will be eligible for 9 paid holidays 2 floatingholidays.Parental leave is also offered as anopportunity for all new parents to embrace this exciting change in their lives.
Our Company Makes an Impact.Weve been recognized by multiple organizations likeBloombergsGender-Equality IndexHousingWiresTech 100and The Forum of Executive WomensChampion of Board Diversity. Radian has also pledged toPwCsCEO Action for Diversity & Inclusioncommitment.
Comprehensive HealthBenefits.Multiplemedical plan choices including HSA and FSA options dental vision and basic life insurance.
Prepare for your Future.401(k) with a top of market company match (did we mention the company match is immediately vested!)and an opportunity to participate in Radians Employee Stock Purchase Plan (ESPP).
Homebuyer Perks.Our Homebuyer Perks program helps employees navigate the home searching buying selling and refinancing processes and provides valuable financial benefits to encourage enable and support home ownership.
Additional Benefits.To learn more about our benefits offerings visitourBenefits Page.
#LI-NA1
The application period for the job is estimated to be 20 days from the job posting date. However this timeline may be shortened or extended depending on business needs and the availability of qualified candidates.
Radian will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law including any applicable fair chance law.
See More About Radian
Radian is a fintech servicing the mortgage and real estate services industry. As a team we pride ourselves on seeing the potential of every person every idea and every day.
Seeing each other at Radian goes far beyond our open flexible culture. It means seeing our peoples potential and creating inspiring career paths that help them get there. Or seeing new pathways and innovating for the future of our industry. It means seeing each other for all that we are. And it means seeing our purpose as one that extends beyond the bottom line having an impact on communities across the country to help more people achieve the American Dream of homeownership.
We hope youll see yourself at Radian. See more about us at .
Defining Roles for Radians Future
Understanding the qualities and characteristics that define a Leader and an Employee is important to building our future-fit workforce. Radians future is only as bright as its people. For that reason our People Plan includes profiles to support the qualities and characteristics that each Leader as well as each Employee should embody upon hire or via development.
EEO Statement
Radian complies with all applicable federal state and local laws prohibiting discrimination in employment. All qualified applicants will receive consideration for employment without regard to gender age race color religious creed marital status gender identity sexual orientation national origin ethnicity ancestry citizenship genetic information disability protected veteran status or any other characteristic protected by applicable federal state or local law.
An applicants criminal history may have a direct adverse and negative relationship with some of the material job duties of this position. The material duties include those listed in the Primary Duties and Responsibilities section above as well as the ability to adhere to Company policies exercise sound judgment effectively manage stressful situations work safely and respectfully with others exhibit trustworthiness and safeguard confidential information belonging to the Company and its customers. Pursuant to the California Fair Chance Act Los Angeles County Fair Chance Ordinance for Employers Fair Chance Initiative for Hiring Ordinance and San Francisco Fair Chance Ordinance we will consider for employment qualified applicants with arrest and conviction records.
Equal Opportunity Employer Details
To learn more about Radians Code of Conduct and Ethics and workplace conduct please click here. Radian participates in E-Verify Link (en español Link). Learn more about your rights under immigration laws Link (en español Link). View the Know Your Rights: Workplace Discrimination is Illegal poster Link. View Employee Rights under FMLA Link. View Employee Rights under EPPA Link.
Accommodation
Whether you require an accommodation for the job application or interview process Radian is dedicated to a barrier-free employment process and encourages a diverse workforce. If you have questions about the accommodation process please e-mail .
Please note that you may redact or remove age-related information that identifies your age date of birth or dates of attendance at or graduation from an educational institution on any additional application materials you submit as part of the application. Additional application materials include but are not limited to resumes CVs transcripts or certifications.
Employment Type
Full-Time
