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Job Description
Financial Engineer Western Alliance Bank - 3.3 Westlake Village, CA Job Details Full-time $107,395 - $132,661 a year 1 day ago Benefits Wellness program Health insurance Dental insurance Tuition reimbursement 401(k) matching Qualifications Statistics Power BI Mortgage lending Writing skills C# Regulatory compliance Bachelor's degree Industry knowledge of financial regulations VBA Macro/VBA editing Legal compliance Database software proficiency
Full Job Description Job Title:
Financial Engineer Location:
CA - Westlake Village What you'll do: As a Financial Engineer, you will be part of the Corporate Modeling Analytics team, focused on developing, maintaining, and enhancing advanced models and analytical tools that support the firm's Secondary Marketing MSR and EBO positions. In this role, you will collaborate closely with Risk Management, FP&A, and Servicing teams, and take ownership of building and refining the firm's core financial and optimization models. You will also provide critical analytical support to inform trading and hedging strategies. Design and implement quantitative frameworks spanning data mining, predictive modeling, and large-scale data processing. Leverage advanced analytics platforms to manage MSR/EBO portfolios, delivering insights on servicing performance, risk exposure, hedging strategies, and market dynamics. Lead the enhancement of core financial models (prepayment, mortgage rates, delinquency) and develop new modeling approaches to address evolving business needs. Deliver comprehensive monthly and quarterly analytics, including valuation, risk assessment, stress testing, and model performance insights to support strategic decision-making. What you'll need: 1+ years of related experience. Bachelor's degree in related field required; Masters or MBA in related field preferred. Entry level knowledge of residential mortgage industry in Correspondent or Retail Lending including; sales, operations, capital markets and/or other residential mortgage products and services. Entry level knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Intermediate to advanced experience with C#, SQL Server, Excel and Excel VBA, PowerBI. Intermediate to advanced experience with statistical analysis, including the use of tools like R or Python. Intermediate speaking and writing communication skills.
Compensation:
Salary range for new hires is generally $107,395.00 - $132,661.00 for Westlake Village, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned. Benefits you'll love: We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
