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Enact Mortgage Insurance · 2 weeks ago

Senior Risk Modeling Manager

Raleigh, NC

Full-time

Hybrid

Senior Level

7+ years exp

Enact Mortgage Insurance is a leading publicly traded U.S. private mortgage insurance provider, and they are seeking a Senior Risk Modeling Manager to provide insights and expertise in model development and quantitative analysis of insurance and credit risk. The role involves collaborating with various internal stakeholders and developing quantitative assessments to support capital management strategies and underwriting limits.

FinanceFinancial ServicesInsurance

Responsibilities

Development of qualitative and quantitative assessments for both existing and new business opportunities using internal and external models, analytical tools, and ratings models

Use statistical techniques to analyze and model performance datasets, ratings migration, and economic trends that impact the Company’s exposures and their performance

Analyze, critique, monitor, and expand upon risk models leveraged within the business and validate that these models are fit for use under Enact’s Model Risk Framework

Analyze stochastic modeling frameworks and interpret their corresponding probability distributions

Perform stress testing across multiple collateral and transaction types that considers correlation between exposures while adhering to internal and regulatory standards

Develop quantitative assessments, including scenario analysis, sensitivity analysis, and what-if analysis of risk exposures and provide guidance to support capital management strategies and underwriting limits

Summarize and present analysis of expected performance and financials to both technical and non-technical stakeholders

Document the risks, limitations, and appropriate confidence in a set of analytical results

Collaborate with various internal stakeholders including teams in Risk, Finance, Operations, and IT to gather necessary data for modeling and monitoring that promotes understanding of models and their results

Provide oversight and guidance of transaction analysis and underwriting on new opportunities

Provide support in developing management and Board level reporting along with required regulatory filings, including the Company’s Commercial Insurer Solvency Self-Assessment (CISSA)

Engage external parties and in independent research to learn industry standard techniques and promote innovative approaches to improve the existing suite of risk models

Qualification

Risk modeling expertiseQuantitative analysisStochastic modelingCapital modelingSQL proficiencyPython programmingCommunicationOrganizational skillsCollaboration skills

Required

Bachelor's degree or equivalent in actuarial science, statistics, financial mathematics, or a related field

7+ years of quantitative experience working with performance data and building risk models

Knowledge of stochastic modeling concepts and application

Experience working with capital modeling, financial cashflows and financial metrics

Experience with economic, regulatory, and rating agency capital frameworks

Experience developing, testing, and documenting quantitative frameworks and risk models

Exceptional quantitative, analytical, and organizational skills

Ability to take independent ownership of projects including the evaluation, conclusion, and presentation of findings

Strong communication, presentation, and collaboration skills that allow for collaboration and at all levels within the organization, including senior management

Ability to challenge and influence in a collaborative way