Lead Associate-Quantitative Modeling (Flexible Hybrid)

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

As a valued colleague on our team, you will act as team lead while conducting theoretical and empirical research with public and proprietary data in all areas of the mortgage finance business. This may include mortgage products and securities, borrower behavior, investment and hedging strategies, residential property valuation, macroeconomic models, including housing prices and interest rate, financial valuation of finance assets and derivatives, economic capital, and stress testing. Additionally, you will coach and mentor team members.

THE IMPACT YOU WILL MAKE
The Enterprise Model Risk - Quantitative Modeling - Lead Associate role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Produce model validation reports, and initial/ongoing assessments of models, evaluating performance-in-use and whether changes in the environment are creating increased model risk that needs to be mitigated.
• Apply advanced skill, knowledge, and/or experience to complete model validation projects aligned with established company policies and industry-wide modeling practices.
• Contribute to developing validation or testing strategies and assessing the quality and risk of model methodologies, outputs, and processes and applying understanding of relevant business context to interpret model results, monitor performance, and assess risks.
• Communicate technical subject matter clearly and concisely to department leadership and teams.

THE EXPERIENCE YOU BRING TO THE TEAM
 

Minimum Required Experiences:

• Bachelor's degree in a quantitative field
• 4 years in model development or validation in the financial industry
• Ability to program using R and Python
• Skills in technical writing

Desired Experiences:

• Advanced degree (Ph.D. or Masters) in a quantitative field such as Computer Science, Statistics, Biostatistics, Economics (with an Econometrics emphasis), Applied Finance, or Applied Mathematics
• Experience in SAS or SQL
• Knowledge of risk management governance (lines of defense)
• Counterparty risk experience

 Skills:

• Proficiency in the mathematical, statistical, and computer science techniques used in model development
• Ability to understand business contexts which create a need for models to support operations, often embedded within software applications used in business processes
• Fast-learning, building on a strong foundation of knowledge to continuously learn new techniques for building and managing model risks well
• Communicating technical subject matter clearly and concisely, both verbally and through well-written communications including Assessment Reviews and Validation Report.

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at [email protected].
 

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.