Vice President, Mortgage Risk Analytics

Our client is a premier, diversified international financial guaranty and risk management services firm focused primarily on mortgage related products.  With locations spread across the globe, our client helps companies manage risk through a broad array of products and services provided to mortgage banking, public finance, structured finance and other financial services companies.  They are also well-known for their industry leading technology, strong world-wide presence and a powerful brand. The focus of the current search is for a highly analytical, ‘quant’ professional specializing in financial modeling.  This position, Vice President of Mortgage Risk Analytics, reports into the Head of Risk Analytics. T his individual will develop capital adequacy models for the mortgage banking business including rating agency models and internal economic capital models.  They will also participate in other quantitative modeling efforts in Risk Analytics on an ad hoc basis. Basic Responsibilities:  Must be an excellent designer of mathematical finance models.  Provide capital usage and adequacy analysis using simulation and analytic models.    Actively participate on the analytics team to implement, improve, project and report on capital adequacy, economic capital and portfolio modeling efforts and results for our client.    Provide leadership, expert technical guidance and “hands-onâ€� solutions for the design, development and maintenance of quantitative risk and valuation models such as:o  Monte Carlo simulationo  Cholesky decompositiono  A copula frameworko  Coherent risk allocationo  Time series analysis and closed-form solutions to statistical models.   Focus will be on RAROC, economic capital usage, portfolio optimization and exposure limits at all levels of the organization.  Produce model documentation, provide user training on models and offer frequent assistance to model users.  Required Experience  The successful candidate must have at least three - five years of experience as a skilled quantitative analytics executive with expertise in the Consumer Lending or Consumer Credit industries.    Strong programming skills, experience designing, not just maintaining statistical models and managing people who work with large databases  Requires a Master's Degree in Economics, Statistics, Finance, Mathematics or related discipline or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired; PhD desired.  Must possess strong business acumen and communications/presentations skills to partner with the business executives across the organization. While the preference is to have a candidate who has deep experience within mortgage banking, strong analytic/modeling executives from other consumer lending industries, such as credit card, will be strongly considered and are encouraged to apply. Our client offers a full range of family and personal benefits, as well as an aggressive compensation package. Compensation is commensurate with experience.  Relocation is available.  Please e-mail resume in strictest confidence to Kristy Cancro at kristy@straussgroup.com MRINetwork, one of the world's largest search and recruitment organizations, has over 1,000 offices in more than 35 countries. Each office is a single point of contact that allows candidates to access high-quality positions virtually anywhere in the world. MRINetwork recruiters are industry specialists who typically have real-world experience in the industries they serve. LOCATION: Philadelphia, PA 19019 JOB CATEGORY: Accounting/Finance/Insurance TYPE: Full Time, Employee JOB REFCODE: RKJ1542 COMPANY: MRINetwork CONTACT NAME: Randy Strauss ADDRESS: 8203 Main Street, Suite 2Williamsville,NY 14221 PHONE: 716-631-3200 EMAIL: Apply by Email