What Freddie Mac Has to Offer: Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Benefits include:
What Freddie Mac Has to Offer: Job Type
Full Time
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.
Position Overview:
Freddie Mac’s Single-Family Division is currently seeking a Quantitative Analytics Senior to be responsible for the development and execution of statistical models and applications in support of financial statement and business decisions as a member of the Default Costing Models Team. Apply now and learn why there’s #MoreAtFreddieMac!
Our Impact:
Our team is responsible for the development and analytics of the models that support single-Family loan loss reserve (CECL), DFAST and capital forecast. We apply econometric, statistical modeling and machine learning technique to understand business problems and produce credit risk forecast for the mortgage portfolio.
Your Impact:
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Developing analytical methods and models that assess the credit risk of new and existing financial and mortgage products. Conducting research on enhancements to the existing models, and applying industry best practices and techniques to meet various business needs.
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Providing innovative, detailed and practical solutions to an extensive range of demanding and complicated problems.
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Implementing statistical models in efficient software languages, coding model prototypes for specification and test cases, modifying source codes in the existing application.
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Coordinating the testing through the model implementation, conducting back tests to monitor the model performance, and performing economic tests and stress tests to validate the model forecast results.
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Providing modeling and analytical support to a line of business or product area, functioning as day-to-day technical specialist.
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Preparing documentation for the technical analytics and rationale through the model development to comply with model oversight and support model review for approval.
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Working under limited direction, independently resolving and developing approach to solutions.
Qualifications:
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Doctorate degree, or Master degree with 3 years of equivalent work experience, in statistics, economics or a related quantitative field
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Coursework or work experience applying predictive modeling techniques from statistics, econometrics, mathematics, data science, or computer programming to large data sets. Qualifying coursework may include—but is not limited to—statistics, econometrics, mathematical programming, optimization, machine learning, computational methods, or Monte Carlo methods
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Coursework or work experience writing statistical or optimization programs to develop models and algorithms. Programming languages may include—but are not limited to—SAS, Python, R, SQL, Java, or C++
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Proficiency in programming languages such as SAS, Python, SQL or Unix
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Experience working with large data sets and relational database
Keys to Success in this Role:
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Exceptional quantitative and analytics skills
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Strong knowledge of econometric and statistical models, tools and techniques
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Strong programming skills
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.
Equal Opportunity Statement
Diversity, Equity, Inclusion and Belonging (DEIB) are the cornerstone of everything we do at PowerToFly. Together, we build a culture of belonging that guides our mission, values, services, products, employees, clients, and community. This active and intentional foundation fuels our innovation and impact to advance economic equality in underrepresented communities. We are a global team committed to mitigating bias and lifting barriers in our recruitment and hiring processes.
PowerToFly is an equal opportunity employer and ensures individuals seeking employment are considered without regard to race, color, ancestry, age, sex, sexual orientation, religion, physical or mental disability, ethnicity, national origin, citizenship, veteran status, marital status, pregnancy, or any other qualities protected by applicable federal, state, or local laws.
Company Details
Freddie Mac
Mclean, VA, United States
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
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