Quantitative Analytics Tech Lead (Multifamily business)
Quantitative Analytics Tech Lead (Multifamily business)
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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.
Position Overview:
Freddie Macs 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 companys models. Apply now and learn why theres #MoreAtFreddieMac!
Our Impact:
The team is responsible for validation of models for the Multifamily business and related corporate functions including 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.
Qualifications:
Doctorate degree plus 3 years of working experience (or Masters degree with 5 years of equivalent work experience) in quantitative finance statistics or a related quantitative field of studies.
Coursework or work experience applying predictive modeling techniques valuation approaches and risk measurements from finance statistics economics mathematics data science and computer programming to large data sets. Qualifying coursework may includebut is not limited tostatistics 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 includebut are not limited toPython R SQL Java SAS and MATLAB. Proficiency in programming languages such as C/C Java Python R SAS
Multifamily model development or Multifamily model risk management experience highly preferred
Keys to Success in this Role:
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.
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 $143000 - $215000 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.Required Experience:
Staff IC
Employment Type
Full-Time
