Model Governance and Validation QA Advisor

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 contributor to our team you will under limited supervision apply extensive knowledge of principles advanced techniques and theories to 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 Governance and Validation QA Advisor role will offer you the flexibility to make each day your own while working alongside people who care so that you can deliver on the following responsibilities:

• Maintain a validation quality assurance framework to ensure model validation teams complete model validation activities commensurate with requirements established in enterprise model risk policy standards and procedures

• Perform quality assurance reviews and recommend solutions for compliance with internal policies standards and procedures and regulatory guidance.

• Complete quality assurance reviews and other quality assurance-related program elements across model risk teams 2nd line functions and other stakeholders

• Maintain and report comprehensive program metrics and key performance indicators to colleagues and senior leaders.

• Provide support for governance activities including policy standard procedure job aid and template updates; reporting; training; and cross-functional coordination.

• Apply understanding of relevant business context to interpret results monitor performance and assess risks which may include the application of mathematic statistical and econometric techniques. Provide innovative thorough and practical solutions that support business strategies and initiatives.

• Perform ad hoc quantitative analyses modeling or programming using SAS SQL R or Python.

• Utilize advanced 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.

• Counsel teams on company policies and industry-wide modeling practices.

• Inform the teams direction for validation or testing strategies to monitor performance and assess risks.

• Communicate technical subject matter clearly and concisely to team leadership and internal/external stakeholders both verbally and through written communication.

• Foster a culture of continuous improvement and quality excellence.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Skills and Experiences:

• 6 years in model governance model validation or model development

• Excellent oral and written communication

• Experience presenting information and/or ideas to an audience in a way that is engaging and easy to understand

• Excellent analytical problem-solving and decision-making skills with the ability to effectively prioritize and manage multiple tasks and deadlines.

• Expertise in quantitative analytics applied to one or more areas within credit interest rate counterparty credit risk and/or fixed income valuation in the financial services industry

• Adept at analyzing data to identify trends or relationships to inform conclusions about the data; critical thinking

• Influencing skills including negotiating persuading others facilitating meetings and resolving conflict

• Bachelors degree

Desired Skills and Experiences:

• Masters degree or equivalent

• Experience in Governance and Compliance including interpretation of policies evaluating compliance enforcing standards and controls etc.

Enterprise Model Risk - Quantitative Modeling - Advisor

Target Pay Range: $155000 - $209000 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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