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Remote

Mortgage Investments Director - 100% Remote

Radian
life insurance, parental leave, paid time off, paid holidays, 401(k), remote work
United States, D.C., Washington
Nov 19, 2024

See yourself at Radian? We see you here too.

At Radian, we see you. For the person you are and the potential you hold. That's why we've embraced a new way of working that lets our people across the country be themselves, be their best and be their boldest. Because when each of us is truly seen, each of us gives our best -and at Radian, we'll give you our best right back.

Studies have shown that job seekers may hesitate to apply for jobs unless they meet every single qualification listed. We strive to see the potential in each applicant, so if you're excited about this role but your experience or education level doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.

See Yourself as a Mortgage Investments Director

As the Mortgage Investments Director you will serve as the key analytical resource behind the investment and asset allocation strategy for Radian Mortgage Capital ("RMC"). This role will focus on shaping RMC's balance sheet and asset portfolio by conducting rigorous investment analysis and recommending strategies for a variety of mortgage-related assets (non-agency RMBS, servicing rights, etc.).

Your role will also lead the analytical efforts related to the Radian Mortgage Capital Trust securitization platform, as well as collaborate with cross-functional stakeholders across RMC and Radian to drive broader business goals. The Director, Mortgage Investments will be a key contributor to RMC's overall growth strategy, with regular exposure to senior executives across RMC and Radian Group.

This role is well-suited for a strong analytical structured finance investment professional that wants to apply their skillset to have a significant degree of ownership over a strategy and asset portfolio.

See Your Primary Duties and Responsibilities

  • Create valuation and returns analysis of structured products issued from the RMCT securitization platform; advise on related structuring and retention decisions

  • Develop models and framework for evaluating investments in mortgage servicing rights; advise the trading and secondary markets group on pricing and retention strategy

  • Collaborate with Finance to develop and manage the reporting and strategic planning for RMC's balance sheet and asset portfolio, effectively evaluating risk and returns across relevant economic scenarios

  • Serve as the key point of contact with internal stakeholders (e.g. Finance, Accounting, Trading) as it relates to administrative aspects of RMC's asset portfolio

  • Lead surveillance efforts for the RMCT securitization program, monitoring prepayment and loss rates, secondary market trading, and other key performance indicators

  • Contribute analysis of new asset classes to develop business cases for RMC growth opportunities

  • Conduct macroeconomic and product-specific research to refine modeling inputs related to RMC's asset management strategy, acquisition pricing, and functions

  • Collaborate with Radian's enterprise Quantitative Analytics team to implement and refine economic scenarios and modeling inputs

  • Prepare market updates to inform the broader team on actionable trends in the sector.

  • Perform other duties as assigned or apparent.

See the Job Specification

Your Basic Education and Prior Work-Related Experience:

Degree Requirement:

  • Bachelor's Degree or Equivalent Experience

Work Experience:

  • 5 or more years of prior work-related experience required, 8 or more years experience preferred.

Additional Qualifications:

  • Experience in analytics-focused mortgage or structured finance roles, with experience investing in these assets for long-term value required.

  • Experience in a structured finance investment banking and/or investment management role preferred.

  • Focus on residential mortgage-backed securities and other mortgage-related assets (e.g. servicing rights) preferred.

  • Excellent financial analysis and modeling fundamentals, with a sophisticated technical understanding of fixed income value drivers

  • Expert-level proficiency with Intex, Bloomberg and other structured products modelling tools

  • Excellent technical skills (including advanced Excel & SQL) with ability to design and maintain complex financial models, as well as manipulate and interpret large datasets

  • Ability to make logical assumptions and drive thoughtful analysis with incomplete information

  • Ability to effectively convey investment strategies - convert quantitative analysis into succinct investment and asset allocation theses

  • Passion for financial markets and the ability to form an educated and independent view on a business problem

  • Excellent verbal and written skills including the ability to communicate sophisticated and technical concepts clearly and professionally

  • Ability to prepare and produce quality presentations for executive management and other management level committees

  • Ability to travel to our Wayne, PA and Denver, CO offices has business requires

See Your Location

Radian is committed to a flexible work environment for many of our roles. This is a *Work From Anywhere* role meaning you have the flexibility to work from home (or another designated workspace that fits your needs).

This role provides additional flexibility should you want to work on-site at a Radian office. Explore our office locations here and let your Talent Acquisition Partner know you would be interested in working on-site.

*Work From Anywhere is subject to Radian's Alternative Work Policy and business needs.

See Why You Should Work With Us

  • Competitive Compensation:anticipated base salary rate from $118,100 to $194,000 based on skills and experience. This position is eligible to participate in an annual incentive program.

  • Rest and Relaxation. This role is eligible for 25 days of paid time off annually, which is prorated in the year of hire based on hire date. In addition, based on your hire date, you will be eligible for 9 paid holidays + 2 floating holiday in support of our DEI culture. Parental leave is also offered as an opportunity for all new parents to embrace this exciting change in their lives.

  • Our Company Makes an Impact. We've been recognized by multiple organizations like Bloomberg's Gender-Equality Index,HousingWire's Tech 100, and The Forum of Executive Women's Champion of Board Diversity. Radian has also pledged to PwC's CEO Action for Diversity & Inclusion commitment.

  • Comprehensive Health Benefits.Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance.

  • Prepare for your Future.401(k) with a top of market company match (did we mention the company match is immediately vested?!) and an opportunity to participate in Radian's Employee Stock Purchase Plan (ESPP).

  • Homebuyer Perks. Our Homebuyer Perks program helps employees navigate the home searching, buying, selling, and refinancing processes and provides valuable financial benefits to encourage, enable, and support home ownership.

  • Additional Benefits. To learn more about our benefits offerings, visit our Benefits Page.

#LI-NA1

The application period for the job is estimated to be 20 days from the job posting date. However, this timeline may be shortened or extended depending on business needs and the availability of qualified candidates.

Radian will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

See More About Radian

Radian is a fintech servicing the mortgage and real estate services industry. As a team, we pride ourselves on seeing the potential of every person, every idea and every day.

Seeing each other at Radian goes far beyond our open, flexible culture. It means seeing our people's potential - and creating inspiring career paths that help them get there. Or seeing new pathways and innovating for the future of our industry. It means seeing each other for all that we are. And it means seeing our purpose as one that extends beyond the bottom line - having an impact on communities across the country to help more people achieve the American Dream of homeownership.

We hope you'll see yourself at Radian. See more about us at Radian.com.

Defining Roles for Radian's Future

Understanding the qualities and characteristics that define a Leader and an Employee is important to building our future-fit workforce. Radian's future is only as bright as its people. For that reason, our People Plan includes profiles to support the qualities and characteristics that each Leader as well as each Employee should embody upon hire or via development.

EEO Statement

Radian complies with all applicable federal, state, and local laws prohibiting discrimination in employment. All qualified applicants will receive consideration for employment without regard to gender, age, race, color, religious creed, marital status, gender identity, sexual orientation, national origin, ethnicity, ancestry, citizenship, genetic information, disability, protected veteran status or any other characteristic protected by applicable federal, state, or local law.

Equal Opportunity Employer Details

To learn more about Radian's Code of Conduct and Ethics and workplace conduct, please click [here]. Radian participates in E-Verify [Link] (en espanol [Link]). Learn more about your rights under immigration laws [Link] (en espanol [Link]). View the "Know Your Rights: Workplace Discrimination is Illegal" poster [Link]. View "Employee Rights under FMLA" [Link]. View "Employee Rights under EPPA" [Link]. View Pay Transparency Nondiscrimination Provision [Link].

Accommodation

Whether you require an accommodation for the job application or interview process, Radian is dedicated to a barrier-free employment process and encourages a diverse workforce. If you have questions about the accommodation process, please e-mail careers@radian.com.

Please note that you may redact or remove age-related information that identifies your age, date of birth, or dates of attendance at or graduation from an educational institution on any additional application materials you submit as part of the application. Additional application materials include but are not limited to, resumes, CVs, transcripts, or certifications.

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