Senior Risk Modeling Manager
- Raleigh, NC
- Permanent
- Full-time
Enact Headquarters, Raleigh, NC – Hybrid ScheduleYOUR 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.
- 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
- Advanced degree preferred
- Proficiency in data manipulation and analysis via SQL and Excel or a programming language such as Python, R, or SAS
- Experience in developing risk frameworks, underwriting guidance, and pricing strategies
- Experience with structured credit both in single name and portfolio form
Enact Holdings, Inc. (Nasdaq: ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership.By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a healthier Triangle community. We also support our colleagues’ philanthropic efforts in their home communities across the U.S. Enact values all perspectives, characteristics and experiences, along with providing a positive and inclusive culture for employees to grow and succeed. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers.We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business needs. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.WHY WORK AT ENACT
- We bring innovative thinking to the situations at hand
- We seek out and incorporate diverse views to strengthen our outcomes
- We work on challenging and rewarding projects
- We offer competitive benefits:
- Hybrid work schedule (shared in-office days Tues/Wed/Thurs)
- Generous Time Off
- 40 Hours of Volunteer Time Off
- Tuition Reimbursement and Student Loan Repayment
- Paid Family Leave and Flexible Spending Accounts
- 401k with up to 5% employer match
- Fitness and Emotional Wellness Reimbursements