Quantitative Analyst, CoStar Risk Analytics
Job Description
CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives. CoStar Risk Analytics, located in Boston, MA, works with market participants across the commercial real estate (CRE) lending spectrum.
CoStar Risk Analytics is currently looking for a Quantitative Analyst to join the growing Boston based team. This individual will work on the industry leading credit risk model Compass, the calculation engine of CoStar Lender product. This position is located in Boston, MA and offers the following schedule: 4 days onsite / 1 day remote.
Responsibilities:
- Conduct independent and creative quantitative research applied towards modeling of loan default risk, prepayment risk, recoveries, risk rating, CECL, capital adequacy, and other related credit risk analysis.
- Conduct on-going model validation analysis and evaluate the needs for model enhancements and recalibration.
- Translate business needs of analytics, calculation and modeling functionalities into product model features.
- Implement data mining techniques to research, select, validate and integrate data for model development and testing.
- Create detailed functional specifications to implement calculations and application of new model features.
- Build prototype model using SAS, Python or R software languages.
- Work closely with product team and IT developers to productize new model features and QA model implementation.
- Create comprehensive documentation and presentation decks on model information.
- Assist with clients’ request on model training, interpretative analysis, and validation analysis.
- Conduct market research on related model methodology and approaches.
Basic Qualifications:
- Bachelor’s degree preferably in finance, real estate, or accounting from an accredited University or College.
- 2+ years of relevant work experience in a research-oriented environment and/or in financial services.
- Knowledge of applied statistical analysis, stochastic processes, econometrics, and quantitative methodologies.
- Excellent programming skills in Python, R, SQL, SAS, Stata, or other languages.
- Accuracy and attention to detail.
- Excellent problem-solving skills.
- Ability to articulate model features to different audiences.
Preferred Qualifications:
- Experience with credit risk modeling and analysis.
- Familiarity with regulatory framework including CCAR/DFAST, CECL, and Basel III.
- Familiarity with industry trends in investment, technology, and lending.
- Master’s degree in Economics/Statistics/Real Estate/Finance/Financial Engineering, or relevant fields.
What’s in it for you?
When you join CoStar Group, you’ll experience a collaborative and innovative culture working alongside the best and brightest. We offer generous compensation and performance-based incentives, as well as a comprehensive benefits package.
We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar Group is not able to provide visa sponsorship for this position. This position offers a base salary range of $78,900-$127,100, based on relevant skills and experience.
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing.
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