Quantitative Analytics Senior Director (Investments & Capital Markets model validation)

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 Model Risk Management group is currently seeking a Quantitative Analytics Senior Director to lead the model validation group that performs effective challenge of Investments & Capital Market (I&CM) models that support key business and risk decisions. Apply now and learn about our excellent benefits and why theres #MoreAtFreddieMac!

Our Impact:

Freddie Mac is leading the U.S housing market forward by making homeownership and rental housing more accessible and affordable.

Your Impact:

• Responsible for managing the comprehensive validation of all I&CM Models that include interest rate mortgage rate and derivative models per applicable Freddie Mac Policy and Standards and Regulatory requirements.
• Responsible for validation and review of appropriate controls of associated model overlays processes and applications that may include expert judgment or qualitative factors.
• Recommend as appropriate the approval or disapproval of models overlays processes and applications including issuance of findings tied to weaknesses as determined by independent effective challenge.
• Ensure conformance to internal control standards for associated model validation processes.
• Effectively interact with model developers implementers and users business stakeholders and governance committees to manage model validations including operational management of associated model risk processes and ensure compliance with Model Risk Policy and Standards
• Participate and support in audit and regulatory engagements including issue remediation activities related to model risk.
• Conduct ongoing monitoring validation activities to support conformance to appropriate risk appetite and KRI metrics
• Establish operational objectives and work plans and delegate assignments to staff
• Effectively engage with model governance and reporting functions and other model validation groups and support model risk activities
• Build strong relationships and consensus across the lines of defense on model validation matters aligning conflicting priorities and resolving issues to achieve progress
• Directly manage model validation staff and conduct performance reviews and ratings

Qualifications:

• Bachelors degree or equivalent experience; Graduate degree with advanced studies/degree in economics/statistics/mathematics/financial engineering or related fields preferred
• Typically has 15 related work experience and 8 years management experience
• Typically the candidate has 8 years related experience in regulated financial services institutions in modeling or model validation space with focus in capital markets including fixed income and derivatives

Keys to Success in this Role:

• Strong quantitative and analytical skills
• Extensive experience in model development or validation
• Strong technical skills in processing data and programming
• Thorough knowledge of applicable regulatory guidance
• Superior technical written and oral communication skills
• Must be able to plan organize and supervise work of staff and produce timely results

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.

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