Data Scientist II - Hybrid

See yourself at Radian? We see you here too.

At Radian, we see you. For the person you are and the potential you hold. That’s why we’ve 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, we’ll 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 you’re excited about this role but your experience or education level doesn’t 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 position’s 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 position’s 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: Bachelor’s degree or foreign equivalent and 3 years of experience

• Degree Preferred: Master’s 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

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 people’s 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 you’ll see yourself at Radian. See more about us at Radian.com.

Defining Roles for Radian's Future

Understanding the qualities and characteristics that define a Leader and an Employee is important to ​building our future-fit workforce. Radian's 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 applicant’s 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 Radian’s 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 careers@radian.com.

 

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.