10000 Quantitative finance Jobs

Position Overview:

Freddie Mac’s Climate Risk team within the Servicing Portfolio and Analytics department is seeking a Quantitative Analytics Director to lead the research on how borrowers respond to climate risks. Someone to develop and implement a robust framework to translate climate risk to credit risk. Apply now and learn about our excellent benefits and why there’s #MoreAtFreddieMac!

Our Impact:

The team is responsible for providing a spectrum of analytics to support climate risk assessment and policy decisions. Our analysis assists senior leadership with business decisions on:

• Natural disaster exposures and impacts

• Climate and catastrophe risk research

• Credit risk modeling that incorporates climate scenarios

• Data gap analysis and mitigation

Your Impact:

• Using modern climate /catastrophe models, evaluate climate and natural disaster risks exposure and concentration to Freddie Mac’s mortgage portfolio

• Combine economic theory, business understanding, and quantitative methods to develop and enhance portfolio performance analytics

• Develop strategies to incorporate climate risks into credit risk analysis, capital planning and risk appetite assessments

• Develop and implement physical risk scenario analysis for both acute and chronic perils (e.g., floods, wind, wildfires, extreme heat, drought, etc.), as well as transition risk scenario analysis

• Analyze climate change related data and develop strategies to address gaps and provide recommendations to leadership

• Serve as subject matter expert in model development, usability, and applications

• Build and lead a small analytical team to evaluate Freddie Mac’s exposure to climate risk

• Effectively interact with model developers, business partners, and senior leaders

• Promote and foster an environment that supports diversity, equity, and inclusion

Qualifications:

• 10+ years of related experience.

• Degree with equivalent work experience in economics, statistics or a related quantitative field.

• Experience with all phases of natural catastrophe modeling, including event / hazard generation, vulnerability measurement and financial impact analysis for pricing risks.

• Expert in multiple vendor natural catastrophe models, including knowledge of the respective strengths and weaknesses.

• Experience in pricing of natural catastrophe insurance, and capital management for associated portfolios.

• Superior modeling and analytical skills applying predictive modeling techniques from finance, statistics, mathematics, data science, and computer programming to large data sets.

• Experience building and motivating highly technical teams and managing direct reports.

• Excellent at building positive and effective relationships across teams to promote a collaborative environment.

Keys to Success in this Role:

• Ability to set the vision and objectives and motivate team to achieve goals.

• Building positive relationship across business divisions and lines of defense.

• Ability to multi-task and work efficiently under tight deadlines

• Ability to translate business requirements into well-defined analytics problems and translate the analytical results back into business language

• Effectively communicate highly technical output to senior management in business language.

• Staying current on the latest developments in climate science and catastrophe risk modeling.

• Keenly aware of the latest policies and regulations that affect the assessment of climate risk in the business

• Familiarity with mortgage industry and GSEs

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, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

CA Applicants:  Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full time

FLSA Status:Exempt

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $212,000 - $318,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.