Senior Model Risk Quantitative Analyst

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 impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will help lead our industry forward and make your career.

Job Description

As part of the 3rd Line of Defense within the internal audit, you will, under limited supervision, conduct effective challenges for enterprise-wide models, covering 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 Senior Model Risk Quantitative Analyst 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: 

• Apply moderately complex mathematical, statistical, and econometric techniques to provide innovative, thorough, and practical solutions that support business strategies and initiatives. Conduct or assess ad-hoc quantitative analyses, modeling, or programming using SAS, SQL, R, or Python.
• Utilize advanced data mining and/or statistical techniques to develop analytic insights, sound hypotheses, and informed recommendations. Identify opportunities to apply quantitative methods to improve business performance.
• Apply independent thinking to complete model audit projects aligned with established audit procedures and industry-wide modeling practices.
• Implement validation or testing strategies and assess the quality and risk of model methodologies, outputs, and processes. Apply understanding of relevant business context to interpret model results, monitor performance, and assess risks.
• Communicate complex technical subject matter clearly and concisely, both verbally and through written communication, such as white papers, review reports, or workpapers.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Required Experience

• 3+ years of relevant experience
• Bachelor’s degree required; Masters degree is strongly preferred
• Area of study in a quantitative field such as Mathematics, Statistics, or Financial Engineering

Desired Experience

• PhD or other advanced degree in a quantitative field such as Mathematics, Statistics, or Financial Engineering
• 3+ years of risk management experience in financial services, banking or insurance industries
• Proficient in one or more of the following tools:  Python/R, SQL, Excel, Tableau, Alteryx
• Knowledgeable in credit models, mortgage security pricing/hedging, DFAST, CECL, and VaR framework. 
• Strong communication, collaboration and interpersonal skills

Additional Information

Job REF ID:  REF8920J

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

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 careers_mailbox@fanniemae.com.

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.