Model Development Analyst

Model Development & Portfolio Risk Management | Midland Mortgage (Mid First Bank) About Mid First Bank

Mid First Bank is a Forbes Best Employer and the largest privately owned bank in the United States, with more than $41 billion in assets and over 900,000 customers. Through Midland Mortgage—our mortgage banking division—we combine scale, analytical rigor, and long‑term stability to make disciplined investment decisions in a complex financial environment. We are proud to be strong, stable, and private.

We foster an exceptional culture that promotes engagement, collaboration, and professional growth in a dynamic, fast‑paced, and analytically focused environment. At Mid First, employees are encouraged to bring curiosity, discipline, and insight to their work while making a meaningful impact.

The Model Development & Portfolio Risk Management group plays a critical role in supporting Midland’s investment decision‑making, valuation, and risk mitigation activities through sophisticated financial models and portfolio analytics. The team develops, implements, administers, and monitors valuation models, performs interest rate sensitivity and scenario analysis, and supports interest rate risk management and hedging strategies.

We partner closely with Mortgage Acquisition and executive leadership teams, translating complex model outputs into actionable insights that directly inform investment and risk management decisions.

The Model Development Analyst plays a key role in building, calibrating, validating, and maintaining financial valuation models used in mortgage acquisition pricing, interest rate analysis, budgeting, and portfolio evaluation. This role directly supports executive‑level decision‑making by analyzing model performance across a range of economic and interest rate environments.

This position offers a strong career path for thoughtful, hardworking, and detail-oriented professionals who enjoy solving complex problems, taking ownership of measuring, understanding, and predicting financial performance in a dynamic and analytically focused environment, and seeing their analysis influence real financial outcomes.

• Support the implementation, validation, and documentation of financial valuation and risk models
• Research and calibrate models using historical performance data and other market inputs
• Perform scenario, sensitivity, and performance analysis across changing interest rate and economic conditions
• Translate quantitative findings into clear, concise insights for leaders and partner teams
• Build trust as a model owner by diagnosing issues, improving processes, and recommending enhancements
• Partner with Mortgage Acquisition and other stakeholders to support strategic decision‑making

• This position requires a proactive, methodical, and results-oriented mindset with exceptional analytical and problem-solving abilities
• Bachelor’s degree in Economics, Statistics, Finance, Mathematics, or Accounting required with a minimum cumulative GPA of 3.50 or above.
• Ability to work independently while collaborating effectively across teams
• Clear written and verbal communication skills, including the ability to influence peers and senior leaders
• Previous work experience in finance or related field is preferred but not required

• Intermediate to advanced proficiency in Microsoft Excel required.
• Proficiency in Q, Python, Microsoft Power Query, Power Pivot, and Power BI preferred.
• Experience with the Asana work management platform preferred but not required.

• Exposure to investment and risk‑management decision‑making
• Hands‑on experience with fixed‑income asset performance analytics
• Forecasting, scenario analysis, and performance measurement at scale
• Long‑term professional development within an exceptional asset management organization

This is a full‑time, on‑site role based at Midland Mortgage’s Oklahoma City office (999 NW Grand Boulevard). A standard workweek is approximately 40 hours, with occasional additional hours during extraordinary market environments. On‑the‑job training is provided. Hybrid or remote work is not available for this position.

• To be considered for this position you must reside in the area
• Incomplete applications will not be considered