Model Engineer (Financial Services)

The Oakleaf Group is a mortgage and financial services consulting firm with expertise in risk management and financial modeling for the mortgage and banking industries. Our clients are banks and non-bank mortgage firms, government agencies, law firms, insurance companies, institutional asset managers, and hedge funds.

We differentiate ourselves through our approach to the relationships with our clients. We begin with the belief that each client relationship will be permanent and ongoing, spanning across projects/engagements. We invest in communication and research to ensure that we fully understand the drivers of every client’s short and long-term success. We align our goals with those of our clients, and we continuously monitor and adjust to ensure that the relationship stays strong.

We are seeking a Model Engineer to measure and analyze complex financial forecasts and risks relating to a Multifamily Loan Guarantee Program for a large financial services client. You will forecast and price cash flows on multifamily housing securitizations and assess economic scenarios including housing prices and interest rates.

Responsibilities:

• Understand structured finance transactions and loan securitizations, and understand how such transactions are modeled in Python and R.
• Measuring and monitoring credit risk on a large housing finance and credit guarantee book of business.
• Execute deterministic what-if scenarios thru proprietary tools to understand the impact on the client’s book of business. Synthesize results and document methodology in brief memos.
• Execute proprietary in-house forecasting, pricing, and NPV / discounted cash flow models developed in Python and R and analyze results.
• Analyze forecasts and implications of interest rates and housing prices.
• Participate in a team developing, executing, validating, and documenting proprietary valuation models and property price indexes.
• Understand and assess input data including lineage, transformations, and versions, and how changes to data drive changes in forecasts.
• Understand, measure, communicate, and document modeling assumptions, output transformations, and other modeling components that drive the results of various analyses.

Qualifications:

• Experience analyzing large datasets (10mm+ observations) using Python or R on AWS is required.
• Experience developing and running financial models written in Python and R on AWS is required.
• Minimum of 3 years of financial modeling in large-scale enterprises.
• Experience communicating complex financial results to management with presentations or memos.
• Deep knowledge of SQL is required. Experience with C++ and Monte Carlo simulations is highly desired as well.
• Knowledge of GSE multifamily lending business, underwriting requirements, multifamily securitizations, or GSE regulatory capital framework is preferred.
• Master’s in Financial Engineering, Quantitative Analytics, or Economics is preferred.

Compensation & Benefits

The Oakleaf Group offers competitive compensation based on the candidate’s skills and experience. Oakleaf offers healthcare benefits to include health, dental, and vision plans as well as other benefits in accordance with applicable Federal or State law.

Equal Employment Opportunity

The Oakleaf Group is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. The Oakleaf Group does not discriminate on the basis of race, ethnicity, religion, sex, color, national origin, age, sexual orientation, gender identify or expression, mental or physical disability, genetic information, veteran status or any other basis prohibited by applicable law.