Risk Modeling Analyst
Job Description
Job Description
Prequel is seeking a highly skilled Risk Modeling Analyst for a full-time position with a flagship financial services organization in Pittsburgh, PA. This role focuses on maintaining and improving the analytical systems that drive market risk measurement and reporting. Responsibilities include integrating and testing third-party prepayment and default models, structuring deals using libraries like Intex, and applying term structure models and other behavioral assumptions. You will also support Credit, Capital Markets, Accounting, and Member Services in their use of model outputs, while designing tailored assumptions and operational workflows for various use cases.
Key Responsibilities
* Design and implement operational workflows for valuation and risk models.
* Lead the testing and implementation of new valuation and simulation models.
* Identify and address modeling challenges in response to market conditions and business strategies.
* Perform back-testing, benchmarking, and sensitivity analysis of key model assumptions.
* Communicate complex valuation and modeling concepts to stakeholders at different levels.
* Assist with risk measurement and reporting on valuation and earnings sensitivity.
* Mentor and train junior analysts in the use of market risk models.
Qualifications
* Bachelor’s degree in mathematics, finance, economics, or related fields (Master’s preferred).
* 5-7 years of experience in Market Risk Management, Collateral Valuation, or ALM.
* Familiarity with fixed income, derivatives, prepay and default models, and mortgage analytics.
* Strong programming skills in VBA, MATLAB, SAS, Python, or SQL.
* Experience with PolyPaths, QRM, Empyrean, Bloomberg Terminal, and other risk platforms.
* Financial Services/Banking experience
Work Schedule
3 days in-office, 2 days work-from-home.
Compensation
* 5+ years of experience: $90k-$100k base salary + bonus.
* 7+ years of experience: $130k-$140k base salary + bonus.
Other: Open to H1B transfers.
Company Description
Prequel Solutions, established in 2003, is a distinguished staffing & recruiting firm. Facilitating connections between exceptional talent and premier companies across Western Pennsylvania and nationwide. Specializing in temporary, temp-to-hire, direct hire, executive search, and managed solutions, our expertise spans IT, finance and accounting, engineering, HR, and legal sectors, creating a diverse and dynamic platform for career growth and success.
Prequel Solutions, established in 2003, is a distinguished staffing & recruiting firm. Facilitating connections between exceptional talent and premier companies across Western Pennsylvania and nationwide. Specializing in temporary, temp-to-hire, direct hire, executive search, and managed solutions, our expertise spans IT, finance and accounting, engineering, HR, and legal sectors, creating a diverse and dynamic platform for career growth and success.
