Residential Mortgage Modeler

Bayview Fund Management, LLC; Coral Gables (FL); Hybrid; USD 100,000 - 135,000; Full time

Job summary

Bayview Asset Management is seeking a qualified candidate to join the Credit Modeling Team within the Bayview Research Team. The role focuses on validating and calibrating mortgage credit models, with emphasis on defaults and loss given defaults.

The candidate will collaborate with US and Europe business teams, perform empirical analyses, and communicate complex results to non-technical stakeholders while supporting model enhancements.

Qualifications

• Bachelor’s or Master’s degree in Statistics, Mathematics, Economics, Finance, or a related field.
• Minimum 2+ years of experience in statistical modeling, preferably within the mortgage industry.
• Proficiency in Python and SQL for model development and empirical analysis.

Responsibilities

• Validate and calibrate mortgage credit models (defaults and LGD) for robustness and predictive power.
• Back-test and monitor model performance to improve accuracy.
• Analyze mortgage data to identify trends influencing credit behavior.
• Collaborate with business teams to apply credit models effectively.
• Communicate complex model outputs to non-technical stakeholders.

Skills

Statistical modeling

Mortgage analytics

Data analysis

Python

SQL

Education

Bachelor’s or Master’s degree in Statistics, Mathematics, Economics, Finance, or related field

Job description

Overview

Position Summary:

Bayview is a leading financial services firm specializing in mortgage-related investments. Our team is dedicated to delivering cutting-edge solutions through rigorous research and advanced modeling techniques.

Role Overview:

We are seeking a highly motivated and skilled candidate to join our Credit Modeling Team under the Bayview Research Team. The ideal candidate will have 1-3 years of experience in statistical modeling, with a focus on mortgages. This role involves validating and calibrating default models, performing empirical analysis as requested by the business as well as collaborating with US and Europe business teams to enhance their understanding and application of these models.

Key Responsibilities:

• Validate and calibrate mortgage credit models (for defaults and loss given defaults) to ensure robustness, consistency, and predictive power.
• Continuously monitor and improve model performance through back-testing and performance analysis.
• Analyze mortgage data to identify trends and patterns that influence credit behavior.
• Assist in the development and implementation of new modeling approaches and techniques.
• Communicate complex statistical concepts and model outputs to non-technical stakeholders.
• Collaborate with business teams to provide insights and support in utilizing credit models effectively.

Qualifications:

• Bachelor’s or Master’s degree in Statistics, Mathematics, Economics, Finance, or a related field.
• Minimum of 2+ years of experience in statistical modeling, preferably within the mortgage industry.
• Proficiency in Python and SQL is a must for model development and empirical analysis.
• Strong analytical and problem-solving skills with attention to detail.
• Strong communication skills, both written and verbal, and the ability to work on multiple tasks and projects simultaneously.
• Ability to work independently and as part of a collaborative team.
• Familiarity with mortgage data.

CERTIFICATIONS, LICENSES, and/or REGISTRATION

• N/A.

LOCATION:

• This role is a hybrid position (3 days onsite) based in Bayview’s Coral Gables, FL office or can be fully remote depending on background / experience. We have existing team members in the Coral Gables office.
• Base compensation is expected to be $100,000 - $135,000, with opportunity for a performance-based bonus.

PHYSICAL DEMANDS and WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.

EEOC

Bayview Asset Management is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.