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  • 270 East Kilbourn Avenue
    Milwaukee, WI 53202

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Quantitative Risk Analyst

MGIC • Milwaukee, WI

Posted 9 days ago

Job Snapshot

Degree - 4 Year Degree
Banking - Financial Services, Real Estate - Property Mgt, Computer Software
Engineering, Finance, QA - Quality Control


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Job Description

About Us:

We are a private mortgage insurer with $187.3 billion primary insurance in force covering approximately one million mortgages (as of June 30, 2017). MGIC provides a critical component of our country’s residential mortgage finance system, protecting mortgage investors from credit losses. Mortgage insurance from MGIC also benefits consumers by making affordable low-down-payment mortgages a reality. Bottom line…We put people into homes sooner! #WeAreMGIC

A day in the life of our Quantitative Risk Analyst: (role and responsibilities)

The Quantitative Risk Analyst is an important member of a team of risk professionals working on a wide variety of projects in quantitative finance. These may include analyzing relative value in the secondary market for mortgage credit risk, providing analytical support for pricing primary mortgage insurance, refining the calculation of risk-adjusted return on capital for various business lines or new product initiative, etc. The Quantitative Risk Analyst must be adept at managing competing priorities, advancing multiple projects concurrently and mentoring more junior team members. The successful candidate will bring a detailed understanding of available mortgage credit risk modeling tools including the strengths and weaknesses of each in different applications.

What’s in it for you?

•Competitive Salary & Benefits
•Profit Sharing
•401(k) with a company match
•Pension Plan
•On-site Fitness Center and Classes (corporate office)
•Paid-time off and paid company holidays
•Paid Parental Leave
•Tuition reimbursement

What we’re looking for: (requirements)

Education:Completion of Master’s Degree in Computational Finance or related field with a focus on quantitative financial analytics. Additional experience (2 years) beyond the minimum (below) may be substituted for education beyond a Bachelor’s Degree.

Experience: Requires more than 5 years advanced work

Required Knowledge and Skills:

•Interdisciplinary knowledge including finance, mathematics, statistics, and programming
•Principles and mathematics behind stochastic modeling
•Experience with stochastic mortgage credit risk and performance models including ADCo and CoreLogic
•Proficiency in data query and statistical tools/languages such as SAS, SQL, or similar
•Experience with mortgage securitization models and software, including Intex
•Statistical and machine learning methods for financial data
•Probability and simulation methods

A little more about us!

Our headquarters are located in downtown Milwaukee, a place that offers something for everyone with its big-city attractions and small-town atmosphere. MGIC is a seven time recipient of the Milwaukee Journal Sentinel Top Work Places award. This is an award based on the opinion of our company's greatest asset, our talented and dedicated workforce! We are committed to being an active and positive member of the local Milwaukee community. Along with our co-workers, we support many local initiatives including:

•United Way
•United Performing Arts Fund
•Habitat for Humanity
•Junior Achievement
•Public Television Channel 10/36 Auction

MGIC offers a comprehensive benefit package which includes medical and dental insurance, pension, profit sharing and 401(k) savings. We offer an on-site fitness center, wellness initiatives and a business casual dress policy.

We are proud to be an Equal Opportunity Employer. We maintain a drug-free workplace and perform pre-employment background and substance abuse testing.

For additional information about MGIC and to apply, please visit our Web site at
Job ID: 10304
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