Enterprise Model Risk - Quantitative Modeling

at

Fannie Mae

Washington, DC
Full Time
8mo ago

Company Description

At Fannie Mae, futures are made. The inspiring work we do makes an affordable home a reality and a difference in the lives of Americans. Every day offers compelling opportunities to modernize the nation's housing finance system while being part of an inclusive team using new, emerging technologies. Here, you will help lead our industry forward, enhance your technical expertise, and make your career.

Job Description

As a valued contributor to our team, you will apply extensive and diversified knowledge of principles, advanced techniques, and theories to create unprecedented solutions for theoretical and empirical research with public and proprietary data in all areas of mortgage finance business, including 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.

THE IMPACT YOU WILL MAKE
The Enterprise Model Risk - Quantitative Modeling 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:

  • Conduct theoretical and empirical analyses with public and proprietary data in all areas of the mortgage finance business including securitization, borrower behavior, investment and hedging strategies, residential property valuation, macroeconomic forecasting of home price and interest rate trends, valuation of financial instruments, capital management, and stress testing.
  • Apply mathematical, statistical/econometric techniques to effectively challenge model development, implementation, and usage.
  • Conduct analyses using R and Python to develop analytic insights and informed recommendations for the enterprises’ use of quantitative models.
  • Provide oversight in large modeling initiatives for alignment with company policies and industry practices.
  • Apply understanding of relevant business context to properly interpret model results, monitor performance, and assess risks.
  • Clearly communicate technical subject through validation reports and presentations.

 

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

  • 8 years if relevant work experience

Functional 

  • Working with people with different functional expertise respectfully and cooperatively to work toward a common goal
  • Skilled in influencing, negotiating, persuading others and resolving conflict
  • Familiarity with mortgage finance
  • Work experience at a large financial services firm (SIFI or GSIB)
  • Proficient written and oral communication skill in delivering complex technical information to diverse audiences.
  • Demonstrated experience with stakeholder management and interactions with regulatory entities.

Technical 

  • Experience in model validation or model development
  • Experience in applying advanced econometric and statistical techniques to time series, panel data, discrete event modeling, mortgage performance modeling, property and financial asset valuation, and other quantitative problems in mortgage finance
  • Ability to present information and/or ideas to an audience through clear and engaging visualizations.


Desired Experiences

  • PhD in Statistics, Mathematics, Economics, Computer Science, or similar quantitative discipline
  • Advanced experience in econometrics, statistical inference and/or financial mathematics, including time series forecasting, stochastic processes, hypothesis testing and causal inference, macroeconomic forecasting, market microstructure, and optimization/estimator design.
  • Expertise with machine learning and other modern modeling techniques including the use of big/unstructured data
  • Leadership or principal contributor experience in a model validation a large firm in the financial services industry (SIFI or GSIB)
  • Deep knowledge of Fannie Mae's business operations and policies or that of the Secondary Mortgage Market 

Additional Information

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

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]
 

Job ID: REF8744F

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