Develop and implement advanced quantitative insurance risk models for effective credit risk management at Radian. Collaborate within a team to enhance model performance and ensure regulatory compliance.
Responsibilities
Develop and maintain code to support model estimation, implementation, monitoring, and back testing
Manipulate and analyze large datasets to identify trends and make recommendations or adjustments to credit and portfolio guidelines
Conduct model development and research new methodologies to enhance model performance and accuracy
Prepare analytical presentations and communicate strategic business findings and recommendations to management
Apply expert knowledge in probability modeling, mathematics, statistics, and econometrics to solve complex business challenges
Leverage cloud computing platforms for data analysis and model deployment
Collaborate effectively within a team environment
Summarize and present key findings and recommendations to both technical and non-technical audiences
Conduct catastrophe global risks modeling, including hazard, vulnerability, financial modules, event sets, frequency-severity modeling, loss distributions, and tail risk metrics
Perform portfolio and reinsurance structuring: quota share, excess of loss, catastrophe bonds, optimization, pricing, and accumulation management
Perform model governance functions: validation, benchmarking, back testing, documentation, audit readiness
Ensure adherence to regulatory/capital requirements: Solvency II, IFRS 17, NAIC, ORSA, stress testing
Requirements
Master's Degree or Equivalent Experience
PHD preferred
10 years of prior work related experience
Advanced programming skills for data analysis and modeling (catastrophe, risk modeling)
Strong mathematical, statistical, and econometric background
Proven ability to analyze data, identify trends, and make sound business recommendations
Experience with cloud computing platforms (AWS, Azure, etc.)
Excellent communication skills, both written and verbal
Ability to work collaboratively in a team setting
Experience in financial services, credit risk modeling, or portfolio risk management
Demonstrated success in presenting analytical findings to senior management
Familiarity with regulatory requirements related to credit and portfolio risk
Benefits
30 days of paid time off annually, prorated in the year of hire based on hire date
9 paid holidays + 2 floating holidays
Parental leave for all new parents
Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance
401(k) with a top of market company match, immediately vested
Opportunity to participate in Radian’s Employee Stock Purchase Plan (ESPP)
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