Manager, Financial Analysis & Valuation at PennyMac

Posted in Other 30+ days ago.

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Location: Westlake Village, California

Job Description:
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