Director, Analytics – Corporate Development Position Available In Palm Beach, Florida

JOB DESCRIPTION

Position Summary:

The Director, Analytics – Corporate Development, will perform quantitative analysis for Corporate Development & Reverse MSR/Buyout Valuation. This role focuses on Reverse Servicing activity and the Reverse mortgage servicing portfolio. Responsibilities include risk management, pricing, hedging, forecasting, return profiles, performance analytics, and fair value modeling of HECM and PLS Reverse mortgage loans in GNMA or private securities. Success requires strategic solutions and actionable business intelligence within broad data sets. The director will lead analysts in Corporate Development, utilizing strong technical skills to influence and provide solutions.

Job Functions and Responsibilities:

Develop and maintain robust and comprehensive models using advanced statistics and algorithmic programming for Reverse assets and other areas of Corporate Development as required Lead and provide model validation and monitoring support across Corporate Development Develop streamlined model performance and tracking reports, implementing comprehensive changes as required based on evaluations developed Assist with the development of strategies and assist in facilitating the team to aggregate and analyze large data sets to be used in assumption and model validation Develop and maintain statistical analyses that measure and model the behavior of mortgage assets, to mitigate risk Strategize with leaders and IT to collaborate to define a robust Corporate Development/Capital Markets data framework Support ongoing back-testing of existing models, as well as identify any strengths and weaknesses Own, support and continually improve the documentation of model methodology, inputs, and outputs for the purpose of audit and review Conduct scenario analysis and stress testing leveraging macro-economic fundamentals to illustrate behavior under changing economic conditions Measure the dynamics of the MSR portfolio to changing macro-economic conditions Analyze hedge activity, including interest rate risk inherent to financial instruments pertaining to the Reverse assets. Build strategy and implement enhanced analytics to facilitate the decision-making of multiple sale options (ex: securitization or whole loan) Leverage third party models where necessary to measure asset behavior and challenge internal models Conduct strategic research and analysis for executive management by request Conduct ad hoc research and reports for the valuation & analytics teams Develop strategies to maintain Corporate Development data integrity and business workflow efficiency Provide recommendations for continuous improvement of the department’s reports, processes, policies and procedures Support development of Capital Markets technology roadmap and collaborate with various IT groups within the firm to achieve the best in class results as needed Proactively identify and pursue opportunities to exploit new technologies to achieve key business objectives Any other tasks as assigned

Qualifications:

Bachelors Degree, preferably in Mathematics, Computer Science, Finance, or Economics (Required) Masters degree in a quantitative or technology field such as Finance, Economics, Mathematics, Statistics, or Information Technology (Preferred) Minimum 10 years of experience of advanced data analysis and modelling Minimum of 5 years experience in people management or equivalent managing teams and projects Proven experience with Reverse products and valuation Advanced knowledge of and experience with machine learning and AI tools Experience with creating data-driven algorithmic solutions Advanced knowledge and experience with Oracle and SQL databases Proven ability to formulate a strategy, but additionally be able to integrate that into actionable items for successful project management Experience successfully collaborating across various sections of an organization Proficient people leader, with experience managing people across time zones Strong problem-solving skills, including the ability to formulate solutions to non-routine problems Experience with Secondary Risk Management systems and data preferred (MIAC, QRM, Compass Analytics) Ability to interpret technical-level data with a functional-level understanding of risk analytics Detail-oriented and capable of working independently Exceptional time management skills The salary range for this position is expected to be $165,000 – $185,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for annual bonus based on performance and subject to the terms of the Company’s applicable plans. #Onity

ABOUT US

Onity Group Inc. is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. Onity Group Inc. and its subsidiaries are committed to helping homeowners and delivering exceptional service and value to customers, clients and investors. At Onity Group Inc., we consistently deliver on our commitments to customers, clients, investors and colleagues through caring service, integrity and creative solutions. This Service Excellence philosophy is embraced by meeting service standards we call CARE, which stands for Caring, Accurate, Responsive and Empowered. We expect all employees to interact and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our CARE standards. Onity Group Inc. is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity, Equity & Inclusion ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know. Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more. Visit jobs.onitygroup.com for details.