At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Position Overview:

Freddie Mac’s Enterprise Risk Management Division is currently seeking a Quantitative Analytics Manager to join the Enterprise Model Risk Department. The Enterprise Model Risk Department is responsible for model risk oversight including development, validation, implementation and monitoring models across multiple risk types (credit risk, market risk, counterparty risk, etc.). The objective of the role is to complete model validation activities with the purpose of providing effective challenges and enhancing consistent model review practices.

Our Impact:

The team is primarily responsible for validation of high impact credit risk models.

Your Impact:

Perform technical validation of models, with the focus on credit decisioning and collateral valuation models

Report findings to model owners and management and ensure those findings are addressed appropriately and timely

Prepare validation documentation in compliance with applicable policy, standards and procedures

Work collaboratively with model validators and key assessors to ensure timely delivery of model review projects

Adopt and implement industry best practices (both technical and governance related) in terms of managing and mitigating model risks

Develop a solid understanding of Model Risk Regulatory Guidance, Polices and Standards, and Model Governance Processes

Support the remediation of findings issued by internal and external oversight groups

Support the maintenance and update of model validation protocols

Qualifications:

MS in quantitative field such as Economics, Finance, Statistics, with at least 5 years of post-graduate work experience in quantitative analytics or modeling.

Programming experience with proven in-depth proficiency in Python (required). Other languages are a plus.

Deeply knowledgeable of regression models, machine learning models, stochastic process modeling, Monte-Carlo simulation, optimization and/or other econometric and statistical techniques such as survival, proportional hazards, etc.

Good understanding of modeling techniques related to Fair lending.

Ability to work across teams and with diverse groups of modeling and risk professionals in an effective and efficient manner.

Self‐motivated, with the capability of managing multiple priorities and efficient in proposing solutions.

Keys to Success in this Role:

Intellectual agility and interpersonal flexibility

Strong consultation and communication skills

Ability to work with and collaborate across teams with varied strengths

Deep intellectual curiosity to explore new methods and learn new techniques outside one’s own expertise.

Ability to use analytical results to help advise strategy and business direction

Strong Python skills

Current Freddie Mac employees please apply through the internal career site.

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities 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.

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: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 $140,000 - $210,000 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.