Watch this video to learn more about Freddie Mac
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Benefits include:
Job Type
Job Details
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.
Freddie Mac’s Enterprise Risk Management Division is currently seeking a Quantitative Analytics Senior to join the Enterprise Model Risk Department. The Enterprise Model Risk Department is responsible for model risk oversight including development, validation, implementation and monitoring across multiple risk types (credit risk, market risk, counterparty risk, etc.). This Quantitative Analytics Senior will be a member the model validation team. The main responsibility of the team is to provide effective challenge, provide oversight and manage risks associated with the use of the company's models. Apply now and learn why there’s #MoreAtFreddieMac!
Our Impact:The team is responsible for validation of econometric price models such as home price appreciation (HPA) models, and related model risk management activities throughout the model life-cycle.
Your Impact:-
Perform independent validation to evaluate model risks related to the design and conceptual soundness of the model, including all key steps in the model development process, such as selection of methodology, data, sampling, segmentation, model diagnostics, model performance and outcome analysis, model overlay, and ongoing monitoring.
-
Report findings to model owners and management and ensure those findings are addressed appropriately and timely.
-
Prepare validation documentation in compliance with applicable policy, standards and procedures.
-
Manage validation projects in model inventory system collaboratively with model owners, key assessors and users.
-
Doctorate degree (or Master's degree with 3 years equivalent work experience) in quantitative finance, statistics, econometrics, or a related quantitative field.
-
Coursework or work experience applying predictive modeling techniques from finance, statistics, econometrics, 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. Proficiency in programming languages such as C/C++, Java, Python, R, SAS.
-
Deep curiosity to learn with critical thinking.
-
Strong verbal and written communication skills.
-
Ability to work under limited direction independently to identify issues and solve problems.
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.
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 $118,000 - $178,000 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.
Careers with Impact Our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970,... Read more