Quantitative Analytics Senior - Risk & Controls (Hybrid - 3 Days in Office)

At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Position Overview:

Are you excited by the opportunity to make an impact and work in a dynamic agile environment? If yes, please apply to the Quantitative Analytics Senior - Risk & Controls role and work in conjunction with Single-Family business leaders to effectively evaluate model risk, test model and data controls owned by the Single-Family division. Apply now and learn why there’s #MoreAtFreddieMac!

Our Impact:

The Single-Family Acquisitions Operational and Models Controls Testing Team is responsible for working with management to evaluate and test operational controls including model and data controls owned by Single-Family.

Your Impact:

The Risk & Controls Model Senior within SFA serves as an experienced risk and controls testing specialist for model oriented and data oriented risk assessment and controls testing. The Model Senior assists the Quant Tech Lead in designing test procedures and implements them to analyze and evaluate governance over model use, model development, and model risk oversight. The Senior is responsible for evaluating risk associated with the division’s models such as models of credit, collateral, decisioning and house price. The Senior is responsible for demonstrating thought leadership and critical thinking/effective challenge over quantitative aspects of the models being evaluated and apply those in their testing.

• Implement drafted test procedures to critically assess model development, validation, performance, implementation, use and model governance controls with limited revisions.

• Document your test work in clearly written, well supported, high quality work papers.

• Work closely with SFA model owners, developers, and data engineering on Significant Model Input governance, ongoing monitoring, and testing responsibilities.

• Identify and refine potential issues, when applicable

• Clearly communicate technical issues to a technical and non-technical audience, including Sr. Managers, Directors, Officers, and leadership

• Demonstrate expert knowledge of model controls testing and maintain high quality.

• Ability to work with model and data partners, consultants in a collaborative manner.

Qualifications:

• Doctorate degree (or Master's degree with equivalent work experience)

• in quantitative finance, statistics or a related quantitative field.

• Coursework or work experience applying predictive modeling techniques from finance, statistics, mathematics, data science, and computer programming to large data sets.  Qualifying coursework may include--but is not limited to—statistics, mathematical programming, optimization, machine learning, computational methods, design and analysis of algorithms, Bayesian methods, derivatives, and Monte Carlo methods/modeling.

• Coursework or work experience writing statistical and/or optimization programs to develop models and algorithms. Programming languages may include--but are not limited to--Python, R, SQL, Java, SAS, and MATLAB.Experience with controls testing (tests of design and operating effectiveness/compliance testing)

Keys to Success in this Role:

• Have strong quantitative modeling skills in economics, statistics, mathematics, finance, or data science.

• Demonstrate expert knowledge of FHFA’s Model Risk Advisory Bulletin, Freddie Mac’s Model Policy, Model Risk Standards, Divisional Model Procedures and other relevant policies, standards, and regulatory guidelines.

• Have good understanding of risk assessment, controls testing, data analysis including data quality attributes, mortgage industry, GSE business.

• Communicate effectively with clients and ability to influence a room.

• The Model Senior also typically has 2 to 3 years of experience successfully implementing model testing consistent with model risk standard, policies, and procedures.

Current Freddie Mac employees please apply through the internal career site.

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, mar