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

• 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

• Bachelor's degree or equivalent
• Experience in SAS or SQL
• Knowledge of risk management governance (lines of defense)