Quantitative Analytics Manager- Model Risk

Full Time Posted a month ago
Main Location
Mclean, VA, United States
Open jobs
powertofly approved 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:

  • Flexible work arrangements
  • Home benefit program
  • Student loan repayment benefit
  • Paid parental leave
  • 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:

    Do you want to fast track your career? Freddie Mac’s Enterprise Risk Management Division is currently seeking a Model Validation Manager to perform all tasks related to model validation to evaluate and manage model risks associated with company’s models. The objective of the role is to create and execute a complete model validation within the Enterprise Model Risk group with the purpose of enhancing a consistent model review process. Apply now and learn why there’s #MoreAtFreddieMac!

    Our Impact:
    • Providing modeling and analytical support to a line of business or product area.

    • Manage model risks associated with company’s 200+ models.

    • Report findings to model owners and management, and ensure those findings are addressed appropriately and in a timely manner.

    • Ensure model developers follow sound model development practices throughout the lifecycle of a model as laid out in Freddie’s Model Risk Standards and monitor compliance with model governance requirements.

    • Working with model developers and users to manage model risks.

    Your Impact:
    • Conduct technical validation of the Freddie models – newly developed or existing models including any changes to existing models or model uses including writing a detail independent model validation report.

    • Support MRA/other work streams related to the Model Risk governance framework.

    • Assess model risks by performing detailed model validation reviews, evaluating performance thresholds, researching model approaches, creating alternative challenger/benchmark models

    • Make expert recommendations to Lead Directors.

    • Meet schedules and/or resolve technical problems. Often must lead a cooperative effort among members of a project team

    • Follow Model governance requirements.

    • 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.

    • PhD or Masters in Finance, Economics, Statistics, Quantitative Finance, or a related quantitative field.

    • 4-7 years of experience in model development or model management in credit risk modeling in Mortgage industry.

    • Strong organizational skills and ability to influence peers and seniors.

    • Exceptional quantitative, empirical analysis, and research skills

    • Comfortable working as an individual contributor or in group environment.

    • Programming skills in one or more of SAS, R, Python, MATLAB, C, C++ or related languages.

    • Preferred but not limited to - Credit risk, Counterparty risk, Multifamily, CECL, DFAST, Data Science, Statistical and Econometric skills .

    Keys to Success in this Role:
    • Strong statistical/econometric modeling skills

    • Experience developing and/or validating models used in the real estate industry

    • Strong analytical skills with orientation to detail

    • Strong verbal and written communication skills

    • 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.

    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

    Job Category:Research & Modeling

    FLSA Status:Exempt
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    Quantitative Analytics Manager- Model Risk
    Freddie Mac