Ocwen - Manager - Quantitative Analytics - Risk Management

Title : Manager, Quantitative Analytics

Department : Risk Management

Location : Mumbai

Number of Openings : 1

Shift : Mid (afternoon shifts)

Salary : Rs10,00,000-Rs2,200,000

Years of experience : 7-10 Years

- Ocwen's Quantitative Risk Management team is looking for an experienced professional to manage a team of modelers/quantitative analysts in Malad, Mumbai. Ideal candidate should have experience in mortgage servicing and software development/deployment.

Responsibilities :

- Lead the development and deployment into a real-time production environment of quantitative modeling solutions

- Interface with various business units to identify the scope of modeling requirements and provide end-to-end business-specific modeling solutions

- Provide thought leadership and innovative ideas and execute them to achieve business goals.

- Lead integration of Ocwen's proprietary mortgage loss mitigation models into an vendor-provided underwriting platform

- Interact with the IT and Product Management teams to deploy models into production using a MATLAB Production Server.

- Maintain and update all model-related documentation and whitepapers

- Supervise,monitor and ensure on-time delivery of multiple projects

- Mentor and train junior staff members

Required Skills :

- Masters or Ph.D.in Engineering, Business Administration, Mathematics, Statistics, Economics or Finance with 4-6 years of relevant experience preferably in Mortgage Servicing.

- Team leadership with excellent planning and communication skills.

- Ability to translate complex statistical models into simple business solutions.

- Sound knowledge of quantitative modeling systems, computing architecture, and the software development process.

- Strategic thinker, ability to lead under a broader organization goals. Present ideas and solutions to the executive management

- Experience developing algorithms for constrained non-linear optimization, mixed integer programming problems, batch optimization and statistical model estimation.

- Understanding of core object oriented programming concepts.

- Programming in MATLAB, R, C/C++, Java and SQL.

Desired Skills :

- Knowledge of mortgage servicing industry including loan modification

- Java API development/deployment experience in a production environment

- Experience with software architecture,Experience building GUIs and working with databases

- Hands-on leader with strong understanding of all aspects of quantitative model development and deployment