Senior Analyst-Credit Financial Engineering

  We've had a hand in helping build communities for over 100 years. We're listed on Fortune's "100 Best Companies to Work For" in 2006. It pays to work at WaMu. We've added even more benefits to our generous package.Learn more at wamu.com/careers Senior Analyst-Credit Financial Engineering At WaMu, our core values inspire and guide our talented team as they help us write our extraordinary ongoing success story.  We believe that a diverse group of talented, committed individuals—working as a team—can make a real difference. We celebrate our successes, learn from our failures, and keep our egos in check. We also manage to keep a sense of humor along the way.  So if you’re ready for WaMu, read on!.   The candidate will be required to take a lead role within the Enterprise Credit Model Validation (ECMV) team. ECMV is responsible for validating credit models across all business units within the Washington Mutual enterprise.  ECMV is responsible for validating around 40 models each year, including decisioning scorecards, loss forecasting models, and models used for accounting and regulatory compliance. This position requires the candidate to fulfill some or all of the following duties:Research, compile and analyze complex credit and financial engineering-related statistical data, and apply and test sophisticated credit financial models. Complete ad hoc analyses and create modeling systems. Review problem situations referred from lower-level staff; assess situations, possible ramifications of various alternatives and determine the appropriate course of action. Prepare, document and communicate findings, analyses, and recommendations for senior management. Assist in development and implementation of programs, processes or tools.This position requires a strong, advanced knowledge in the following areas: Credit principles and practices; regulatory requirements; banking and financial services, products, and processes; project management methodologies; and technical systems and applications. The following are required:   Experience:  5+ years in a job at a financial services firm applying credit financial risk measurement or management techniques Computer software development and application experience in MS Office suite (including Word, Powerpoint, Excel and Access) and the statistical package SAS.Education:  Bachelor’s degree and a masters or doctorate degree with a quantitative emphasisThe following are preferred:   Experience: Prior job was at a top-tier financial services institution. Finance/accounting experience in reserving and/or valuation. Computer software development and application experience in other programs and packages such as Visual Basic and SQL.  Vendor-supplied risk modeling and measurement tools such as S&P Levels, Moody’s Mortgage Metrics, Risk Metrics, LPRM, AdCo, Bloomberg, AFT, Yieldbook, PolyPaths, Intex, WSA, and/or QRM.Education:  Degree was from a top-tier program; otherwise, more advanced degree awarded Coursework included finance/accounting, economics, advanced mathematics, probability and statistics, and/or computer science. Professional certifications may include Certified Financial Analyst (CFA), the Financial Risk Manager (FRM) of GARP and related professional associations, or other finance/accounting or risk management certifications.*Quantitative emphasis generally includes coursework of the type required for obtaining degrees in finance, business, economics, mathematics, statistics, engineering, computer science, and/or physical sciences.  All employees are accountable for compliance with all laws and regulations when performing their job duties. Each employee is expected to be familiar with the legal and regulatory requirements affecting his or her job responsibilities. It is the affirmative duty of each employee to carry out these responsibilities at all times in a manner that complies with all applicable legal and regulatory requirements. Employees must participate in required training on pertinent compliance laws and regulations as required by Washington Mutual. Washington Mutual is an equal opportunity employer. We embrace differences, welcome diversity, and value a culture of respect.