What are the responsibilities and job description for the Quant Research Associate position at Bayview Asset Management?
Job Description
Overview
Position Summary :
The candidate will be joining the Research Team at Bayview Asset Management, which develops statistical models for the valuations of mortgages, auto loans, and other credit-related assets. These models include probability of default, prepayment, and severity (loss given default), which are used to project cashflows.
Essential Duties & Responsibilities :
- Analyze the performance of consumer financial products (e.g. auto lending, credit cards, personal loans, student loans).
- Build statistical models to forecast future behavior, capable of handling various scenarios.
- Assess the effectiveness of models over time or over new populations.
- Develop efficient data management, surveillance and quality assurance procedures for all internal and external data sources.
- Implement and maintain models in C / C#.
- Develop insight into borrower, servicer and lender behavior to identify trends and outliers.
- Perform ad-hoc quantitative analysis on various pools of loans.
Skills / Knowledge / Abilities :
Education and Experience :
Certifications, Licenses, and / or Registration
Location & Compensation :
Physical Demands and Work Environment
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
EEOC
Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
Salary : $100,000 - $130,000
