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Modeling Intern

New York

Permanent Capital Vehicles, Private Equity

Ref#: 2160

Date published: 15-Mar-2018

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $43.6 billion (1,2) of assets under management as December 31, 2017. Founded in 1998, Fortress manages assets on behalf of over 1,750 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.

Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term.

 As of December 31, 2017, we had 953 asset management employees, including 216 investment professionals, at our headquarters in New York and our affiliate offices around the globe.

 

New Residential Investment Corp. (NYSE: NRZ) is a publicly traded real estate investment trust (“REIT”) that focuses on investing in, and actively managing, investments primarily related to residential real estate, specifically excess MSRs, servicer advances, non-agency RMBS & associated call rights and other securitized products related investments. 

 

New Residential is externally managed and advised by an affiliate of Fortress Investment Group LLC a highly diversified global alternative investment manager with $70.2 billion of assets under management as of March 31, 2017.

 

NRZ is seeking a Modeling intern who would be responsible for:

 

·         Exploratory data analysis on large residential loan data sets

·         Estimate statistical models of loan credit and payment performance to be used for portfolio valuation

·         Use AWS tools to analyze trends in agency mortgage origination


        Additionally, the following skills are preferred:

·      

·         Pursuing MS or PhD in Statistics or related science

·        Knowledge of Loan Performance and agency loan-level data sets

·         Experience in pricing/modeling MSRs

·         Experience with consumer credit

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Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.