Freddie Mac Hiring for Quantitative Analytics Professional (Hybrid – 3 Days in Office) Job at McLean, VA Full Time

Employees, contingent workers and visitors are no longer required to show proof of vaccination to be on-site. Effective January 2023, Freddie Mac’s hybrid work arrangement is 3 days in the office (specifically Tuesday, Wednesday & Thursday).

Position Overview:

Freddie Mac’s Investments & Capital Markets Division is currently seeking a Quantitative Analytics Professional who will be participating in the development and execution of quantitative/analytic models and applications in support of business and risk decisions.

Our Impact:

Models developed by our team are used by Freddie Mac’s business areas for decision making on trading activities and portfolio management. While trading and portfolio management are essential business of the company, we play a key role in facilitating the fulfillment of the company’s mission.

Your Impact:

• Assist the develop of quantitative models for interest rates, derivative valuation, counterparty risk calculation, and valuation components related to mortgage products, 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 the applications for model implementation and data storage.

• 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 for various model stakeholders.

Qualifications:

• Master’s degree in quantitative finance, statistics or a related quantitative field.

• Coursework or work experience applying predictive modeling techniques from finance, statistics, mathematics, data science, and computer programming to large data sets. Qualifying coursework may include-but is not limited to—statistics, mathematical programming, optimization, machine learning, computational methods, design and analysis of algorithms, Bayesian methods, derivatives, and Monte Carlo methods/modeling.

• Coursework or work experience writing statistical and/or optimization programs to develop models and algorithms. Programming languages may include-but are not limited to-Python, R, SQL, Java, SAS, and MATLAB.

Keys to Success in this Role:

• Knowledge in general business, finance, fixed-income, and mortgage products.

• Experience with modelling counterparty credit exposure, initial margin, interest rate curve construction, valuation of fixed-income and derivative products is preferred.

• Experience with asset-liability management, trading, portfolio management and risk management is preferred.

• Experience with database management, data visualization is preferred.

• Experience and skills in quantitative research, empirical analysis and problem-solving is preferred.

• Relevant certificates like CFA, FRM, CPA is preferred.

• Self-motivated and desire to own a project. Ability to multi-task and work efficiently under tight deadlines.

• Ability to understand and translate complex business requirements to define relevant analytic problems and translate the solution back into business terms.

• Good oral and written communications 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

Job Category:Research & Modeling

FLSA Status:Exempt

Freddie Mac provides anticipated base salary ranges where required by law.