Model Risk Management Senior Associate

Playing an essential role in the U.S. economy Fannie Mae is foundational to housing finance. Here your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a valued colleague on our team you will under limited supervision conduct theoretical and empirical research with public and proprietary data in all areas of mortgage finance business including mortgage products and securities borrower behavior investment and hedging strategies residential property valuation macroeconomic models including housing prices and interest rate financial valuation of finance assets and derivatives economic capital and stress testing.

THE IMPACT YOU WILL MAKE

The Model Risk Management Senior Associate role will offer you the flexibility to make each day your own while working alongside people who care so that you can achieve the following responsibilities:

• Experience in utilizing technology tools and open-source programming languages (Python R SAS etc.) to support business or risk management processes

• Utilize data mining and/or statistical techniques to develop analytic insights sound hypotheses and informed recommendations. Identify opportunities to apply quantitative methods to improve business performance.

• Implement validation or testing strategies and assessing the quality and risk of model methodologies outputs and processes and applying understanding of relevant business context to interpret model results monitor performance and assess risks.

• Apply experience and skill to complete modeling projects aligned with established company policies and industry-wide modeling practices

• Communicate technical subject matter clearly and concisely to department leadership and teams by presenting information and/or ideas to an audience in a way that is engaging and easy to understand using graphical representation of information in the form of charts diagrams pictures and dashboards with programs and tools

• Work with people with different functional expertise respectfully and cooperatively to work toward a common goal

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

• 2 years in model development or validation in the financial industry

• Ability to program using R and Python

• Excellent written and oral communication skills in delivering complex technical information to audience with various backgrounds

• Clear understanding of business operations and insights related to risk modeling

Desired Experiences

• Bachelors degree or equivalent

• Experience in SAS or SQL

• Knowledge of risk management governance (lines of defense)

Enterprise Model Risk - Quantitative Modeling - Senior Associate
123000 - 161000 a year

#LI-Hybrid #LI-ME1

Qualifications

Education:

The future is what you make it to be. Discover compelling opportunities at most roles employees are expected to work onsite on a regular basis at their designated office -office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race color religion sex national origin disability age sexual orientation gender identity/gender expression marital or parental status or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process please complete this form.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to skill set depth of experience certifications and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package Fannie Mae offers a broad range of Health Life Voluntary Lifestyle and other benefits and perks that enhance an employees physical mental emotional and financial well-being. See more here.

Requisition compensation:

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