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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 perform all tasks related to model validation to evaluate and manage model risks associated with company’s models. The objective of the role is to create and execute a complete model validation within the Enterprise Model Risk group with the purpose of enhancing a consistent model review process.
Your Work Falls into Three Primary Categories:
Technical Validation
• Conduct peer reviews to ensure quality and consistency of model validations
• Evaluate and manage risks associated with the company's capital market models, including interest rate models and mortgage valuation models.
• Report findings to model owners and management, and ensure those findings are addressed appropriately and in a timely manner.
Model Governance
• Follow model governance procedures and requirements.
• Remediate regulatory findings and address audit feedback
Collaboration
• Work collaboratively with stakeholders to ensure effective management of model risk enterprise wide
• Work collaboratively with EMR model validators to ensure timely delivery of model review projects
Qualifications
• PhD in Statistics, Math, Economics, Computer Science or a related quantitative field with at least three years of related post-graduate work experience; or Master degree with at least six years of related experience.
• Typically has at least 3 years of experience in model development or model management in areas such as credit risk, market risk, financial and capital models
• Strong knowledge of econometric models, tools and techniques with exceptional quantitative, empirical analysis, and research skills
• Strong organizational skills and ability to influence peers and seniors
• Comfortable working as an individual contributor or in group environment
• Programming skills in one or more of SAS, R, C, C++, Python, MATLAB or related languages
• Experience with legal/compliance and mortgage industry
Key to Success in this Role
• Strong verbal and written communication skills
• Strong modeling and analytics skills
• Ability to develop mutually beneficial relationships inside and outside of the department
• Deep curiosity to learn about new things with critical thinking
Top 3 Personal Competencies to possess
• Leadership – Set and execute upon a clear vision, strategy, and/or goals
• Partnership – Build trust and strong partnerships through my own and my team’s actions
• Growth and Development – Know or learn what is needed to deliver results and successfully compete
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.