At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Job Description:
- Develop quantitative models for interest rates, fixed income securities and derivative valuation and counterparty risk calculation and implement the models through programming languages.
- Review academic/industry literatures and Freddie Mac’s documents and applicable policies and standards, inquiry internal/external stakeholders to understand model development requirements.
- Document model development background, theories, assumptions, limitations, results, implementations, and process flows.
- Perform analysis to test the developed models. Analysis could include impact analysis, sensitivity analysis, what-if scenario analysis, stress testing, and back-testing.
- Collaborate with various areas of stakeholders in model development projects. Stakeholders include risk manager, portfolio manager, financial engineering, model governance, model reviewers, IT, and project manager.
- Maintain model applications for model implementation, data storage and risk reporting.
- Execute plans and procedures periodically to provide model parameter update, monitor model performance, generate reports for stakeholders.
- Identify and report process issues and propose remediating actions.
- Perform ad-hoc tasks related to responsible models.
- Position is eligible for part-time telecommuting.
Job Requirements
Master’s degree in economics, finance, mathematics, statistics, or a related quantitative field, and demonstrated knowledge* of the following:
- General business, finance, fixed-income, and mortgage products.
- Applying techniques from finance, statistics, mathematics, and data science for quantitative modeling problems.
- At least five of the following programming languages/applications: MATLAB, Python, Excel, VBA, C++, SQL, and Visio.
- Knowledge may be demonstrated through education, training and/or experience. References required.
40 hours per week 8:45 AM to 5:15 PM.
Work location: 8200 Jones Branch Drive, McLean, VA 22102.
If interested, submit resume or curriculum vitae via email to: im_jobs@freddiemac.com & reference #23-046.
#LI-DNI
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:ExemptFreddie 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 $101,000 - $151,000 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.