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Job Description
At Freddie Mac our mission of Making Home Possible is what motivates us and its at the core of everything we do. Since our charter in 1970 we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Job Description:
- Develop quantitative models for interest rates fixed income securities and derivative valuation and counterparty risk calculation and implement the models through programming languages.
- Review academic/industry literatures and Freddie Macs documents and applicable policies and standards inquiry internal/external stakeholders to understand model development requirements.
- Document model development background theories assumptions limitations results implementations and process flows.
- Perform analysis to test the developed models. Analysis could include impact analysis sensitivity analysis what-if scenario analysis stress testing and back-testing.
- Collaborate with various areas of stakeholders in model development projects. Stakeholders include risk manager portfolio manager financial engineering model governance model reviewers IT and project manager.
- Maintain model applications for model implementation data storage and risk reporting.
- Execute plans and procedures periodically to provide model parameter update monitor model performance generate reports for stakeholders.
- Identify and report process issues and propose remediating actions.
- Perform ad-hoc tasks related to responsible models.
- Position is eligible for part-time telecommuting.
Job Requirements
Masters degree in economics finance mathematics statistics or a related quantitative field and demonstrated knowledge* of the following:
- General business finance fixed-income and mortgage products.
- Applying techniques from finance statistics mathematics and data science for quantitative modeling problems.
- At least five of the following programming languages/applications: MATLAB Python Excel VBA C SQL and Visio.
*Knowledge may be demonstrated through education training and/or experience. References required.
40 hours per week 8:45 AM to 5:15 PM.
Work location: 8200 Jones Branch Drive McLean VA 22102.
If interested submit resume or curriculum vitae via email to: & reference #23-046.
#LI-DNI
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender race color religion national origin age marital status veteran status sexual orientation gender identity/expression physical and mental disability pregnancy ethnicity genetic information or any other protected categories under applicable federal state or local laws. We will ensure that individuals 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.
A safe and secure environment is critical to Freddie Macs business. This includes employee commitment to our acceptable use policy applying a vigilance-first approach to work supporting regulatory mandates and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
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 and register with our referral code: MAC.
Time-type:Full timeFLSA Status:ExemptFreddie 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 $101000 - $151000 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.Employment Type
Full-Time
