Quantitative Risk Manager

| San Francisco, CA, USA | Remote
Employer Provided Salary: 124,000-192,500 Annually
Salary data is provided by the employer. Please note this is not a guarantee of compensation.
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About Opendoor

Founded in 2014, Opendoor’s mission is to empower everyone with the freedom to move. We believe the traditional real estate process is broken and our goal is simple: build a digital, end-to-end customer experience that makes buying and selling a home simple, certain and fast. We have assembled a dedicated team with diverse backgrounds to support more than 100,000 homes bought and sold with us and the customers who have selected Opendoor as a trusted partner in handling one of their largest financial transactions. But the work is far from over as we continue to grow in new markets. Transforming the real estate industry takes tenacity and dedication. It takes problem solvers and builders. It takes a tight knit community of teammates doing the best work of their lives, pushing one another to transform a complicated process into a simple one.  So where do you fit in? Whether you’re passionate about real estate, people, numbers, words, code, or strategy -- we have a place for you. Real estate is broken. Come help us fix it.

About the Team:

Opendoor, a leading tech-driven real estate platform, is seeking a Risk Quant to join the Risk Management team. We are looking for a candidate who can bring a unique blend of skills in creating data-driven insights, market and business modeling and Python-based algorithm development.

Role Responsibilities:

  • Develop and refine quantitative models to assess various types of risks, including market, operational and product risks for Opendoor’s businesses.
  • Leverage market and operational data to derive insights from market trends, economic indicators, and internal data sets. Present findings to stakeholders to inform strategic decisions, and create systems and processes that produce structured decision-making.
  • Work closely with cross-functional teams, including finance, data science, and operations, to align risk management strategies with company objectives. Prepare and present regular risk reports to management and stakeholders.
  • Stay abreast of the latest research and methodologies and continually refine and advance our risk management strategies.

Skills Needed:

  • Master’s degree in Finance, Economics, Statistics, or a related quantitative field.
  • Proven experience in developing Python-based algorithms for complex financial models.
  • Excellent verbal and written communication skills, with the ability to explain complex concepts to non-technical stakeholders.
  • Strong understanding of market dynamics. Real estate market experience is a plus.
  • Ability to translate theoretical models into practical, actionable strategies.
  • Excellent problem-solving skills and the ability to work in a fast-paced, evolving environment.

Bonus Points, if:

  • CFA Designation
  • GARP FRM Accreditation
  • Professional experience with CVXPy

Location:

Remote roles in the US are available in all states EXCEPT Hawaii, Alaska, Montana, or any US Territories.   Strong preference for San Francisco or New York City.

Compensation:

Our compensation reflects the cost of labor across several U.S. geographic markets, and we pay differently based on those defined markets. The pay range for most locations in the US is $124,000 - $192,500 annually. In the SF Bay Area of California, Seattle, and New York City Metro area the base salary range is $155,200 - $213,400. Pay within the range varies by work location and may also depend on job-related knowledge, skills, and experience. Your recruiter can share more about the specific salary range for the job location during the hiring process. We also offer a comprehensive package of benefits including paid time off, 12 paid holidays per year, medical/dental/vision insurance, basic life insurance, and 401(k) to eligible employees.

#LI-Remote
#LI-JH1

 

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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • GolangLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • ReactLibraries
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • SparkFrameworks
    • PostgreSQLDatabases
    • SketchDesign
    • FigmaDesign
    • AsanaManagement
    • JIRAManagement
    • WordpressCMS

Location

San Francisco, CA

An Insider's view of Opendoor

What's the biggest problem your team is solving?

My team works with our sales and support operators. We manage our multiple telephony platforms, including our call center software. Last year, we replaced our old call center vendor solution with a new custom-built telephony platform. Building the unique features each team has been one of our central challenges for much of the past year.

Maggie

Sr. Software Engineer

How has your career grown since starting at the company?

I started at Opendoor as an intern, responsible for small improvements to our home valuation model’s accuracy. Now, I am one of the leaders on our team - I’m responsible for setting team vision, overseeing systems design for other IC’s, and leading P0 initiatives such as a pricing workflow overhaul that we launched after COVID-19.

Daniel

Software Engineer

How do you empower your team to be more creative?

Analytical problem solving requires creativity too. I always encourage my team to consider all the tradeoffs between different options - what if you need to solve the problem in 1 day? How about 6 months? How about unlimited compute resources? We often come up with more creative and better solutions when we intentionally consider all options.

Sherry

Data Science Manager

What are Opendoor Perks + Benefits

Culture
Volunteer in local community
OKR operational model
Team based strategic planning
Pair programming
Open office floor plan
Flexible work schedule
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity employee resource groups
Hiring practices that promote diversity
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Pet insurance
Wellness programs
Mental health benefits
Financial & Retirement
401(K)
Company equity
Employee stock purchase plan
Child Care & Parental Leave
Generous parental leave
Family medical leave
Adoption Assistance
Vacation + Time Off
Generous PTO
Paid volunteer time
Paid holidays
Paid sick days
Office Perks
Commuter benefits
Company-sponsored outings
Free snacks and drinks
Some meals provided
Company-sponsored happy hours
Relocation assistance
Home-office stipend for remote employees
Professional Development
Lunch and learns

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