Collaborate with the Counterparty Credit Risk Management (CCRM) to gain in-depth understanding of various types of financial products (e.g. MBS, CMO, ARM, Whole Loans, Credit Risk Transfer, Insurers) in order to appropriately model unique associated risks
Design and code model enhancements to address agreed-upon actions (AUAs) in response to findings from model reviewers, internal auditors, and regulatory examiners
Design and produce Performance Monitoring Reports on a regular cadence, respond to inquiries from various stakeholders
Periodically review and understand changes in relevant corporate policies, standards and procedures and act as a liaison in associated model implementation validation
Understand and comply with all model controls related to models owned by the team
Collaborate with the Divisional Model Governance team to ensure compliance with model governance standards
Proactively partner with teammates and users to facilitate ideas and keep improving models
Qualifications
Master's Degree in quantitative finance, statistics or a related quantitative field
Qualifying coursework may include – but not limited to — econometrics, statistics, mathematical programming, optimization, computational methods, simulation, mortgage-backed securities, derivatives pricing, fixed income and term structure of interest rates
Must have coursework or work experience developing and implementing financial models, with demonstrable knowledge in quantitative modeling and statistical analysis
Experience with market risk and mortgage-related modeling and analytics strongly preferred
Must have strong programming skills in Python and SQL. Familiarity with other languages such as Java, C++, MATLAB, SAS useful.
Keys to Success in this Role
Strong programming skills
Strong technical skills
Strong analytical skills with orientation to detail
Excellent verbal and written communication skills
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 Mac’s 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 www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Non-Exempt
Freddie 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 $105,000 - $157,000 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.
