Manager, Financial Analysis & Valuation at PennyMac

Posted in Other 30+ days ago.

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Location: Westlake Village, California





Job Description:
Overview
Residing in Financial Valuation and Analysis group, the Manager, Financial Analysis and Valuation is to support the financial and operational reporting needs of senior leadership through accurate, timely and high-quality analysis. Responsibilities span across various tasks to ensure the reporting needs of other divisions are met. The senior analysis is expected to work well in a team environment as well as independently with minimal supervision.

Job Description
  • Participate in developing and implementing prepayment, default, severity model, optimization, loss mitigation and marketing models for mortgage loan valuation and operations
  • Write model development documents and present development findings and solutions to senior management
  • Implement model and review output with senior management and business partners to ensure timely and accurate deployment
  • Conduct independent model validation including code review, model performance benchmarking, sensitivity testing, stress testing and on-going model performance tracking and monitoring
  • Adhere to the model risk policy and procedure to ensure alignment of model development, implementation and application with business strategies and risk appetite
  • Collaborate with other model developers to size the model risk related business impact and propose strategies and methodologies to mitigate the risk
  • Investigate financial industry current trends and developments in modeling and model governance to ensure best practice in PennyMac


Ideal Candidate will have the following:
  • Post graduate degree in quantitative major
  • Less than 1 year relevant experience on financial modeling and/or financial engineering
  • Deep knowledge of the financial modeling, experience with mortgages business is preferred
  • Strong verbal and written communications skills
  • Fluent in SAS, R, SQL and Excel


Years of Experience: 3

Education: Bachelor's Degree


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