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Quantitative Analytics Manager
Freddie Mac
Mc Lean, VA, United States
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Position Overview
Freddie Mac’s Enterprise Risk Management Division is currently seeking a Model Validation Manager to evaluate and manage risks associated with the company's behavioral market risk models, including agency prepayment and agency distressed asset models.
Responsibilities include:
• Assess model risks by performing detailed model validation reviews, evaluating performance thresholds, researching model approaches, creating alternative models and other means
• Report findings to model owners and management, and ensure those findings are addressed appropriately.
• Make expert recommendations to Senior Management about proposed new models or model changes, and advise them on quantitative and theoretical issues
• 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
• Monitoring and reporting on model performance
• Provide assessments of model risks
• Working with model developers and users to manage model risks
• Follow Model governance requirements and monitor compliance with model governance requirements
Qualifications
• PhD in a quantitative field such as Quantitative Finance, Financial Engineering, Statistics or a directly related quantitative field, such as Physics, Mathematics or Engineering with at least 3 years of post-doctoral experience in modeling mortgages
• OR MS/MFE in Quantitative Finance, Financial Engineering, Statistics or a directly related quantitative field, such as Physics, Mathematics with at least 5 years of related post-graduate work experience in quantitative finance or quantitative risk management
• Demonstrated knowledge of applied probability and financial behavioral models
• Programming skills in one or more of R, SAS, C, C++, Python, MATLAB or related languages
• Exceptional written and verbal communication skills
• Exceptional quantitative, empirical analysis, and research skills
Closing Statement
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. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.