Quantitative Analytics Senior Manager

Freddie Mac•McLean, VA

3d•$177,000 - $265,000•Hybrid

About The Position

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 Plan, execute, and document analysis of complex financial models. Provide model assessments based on findings. May provide modeling and analytical assistance as a day-to-day technical expert. Evaluate and manage risks associated with the company's models, including models of defaults, security valuation, prepayments, loan scoring, and others. Perform detailed model validation reviews, reviewing performance thresholds, researching model approaches, creating alternative models, and other means. Conduct peer reviews to ensure quality and consistency of model validations. Provide guidance to subordinates within the latitude of established company policies. Recommends changes to policies and establishes procedures that affect immediate organization's operation. Follow model governance procedures and requirements. Remediate regulatory findings and address audit feedback. Works on issues of diverse scope where analysis of situation or data requires evaluation of a variety of factors, including an understanding of current business trends. Acts as an advisor to subordinates to meet schedules and/or resolve technical problems. Often must lead a cooperative effort among members of a project team. Perform related duties as assigned or requested. Position may be eligible for part-time telecommuting.

Requirements

Master’s degree or foreign equivalent in a quantitative field such as Mathematics, Economics, Finance, Engineering, Statistics, or in a closely related technical discipline, and 6 years of experience with model development and/or validation in the areas of credit risk, market risk, and capital models.
6 years of experience working with econometrical/statistical methods.
6 years of programming experience with one or more of SAS, Python, R, MATLAB, or related languages.
4 years of experience with the validation and/or development of risk management models for market and counterparty risk.
4 years of experience with simulation methods (Monte Carlo simulation and/or Historical Simulation).
3 years of experience with the validation and/or development of derivatives valuation models, particularly interest rate derivatives, term structure models, and curve bootstrapping.
2 years of experience working with credit risk models such as PD, LGD, and EAD.
40 hours per week 8:45 AM to 5:15 PM.
Work location: 8200 Jones Branch Drive, McLean, VA 22102.

Responsibilities

Plan, execute, and document analysis of complex financial models.
Provide model assessments based on findings.
May provide modeling and analytical assistance as a day-to-day technical expert.
Evaluate and manage risks associated with the company's models, including models of defaults, security valuation, prepayments, loan scoring, and others.
Perform detailed model validation reviews, reviewing performance thresholds, researching model approaches, creating alternative models, and other means.
Conduct peer reviews to ensure quality and consistency of model validations.
Provide guidance to subordinates within the latitude of established company policies.
Recommends changes to policies and establishes procedures that affect immediate organization's operation.
Follow model governance procedures and requirements.
Remediate regulatory findings and address audit feedback.
Works on issues of diverse scope where analysis of situation or data requires evaluation of a variety of factors, including an understanding of current business trends.
Acts as an advisor to subordinates to meet schedules and/or resolve technical problems.
Often must lead a cooperative effort among members of a project team.
Perform related duties as assigned or requested.