At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Freddie Mac’s Investment and Capital Markets (ICM) Division is currently seeking a Professional hire for its Asset and Liability Management (ALM) trading desk. ALM is responsible for managing the interest rate risk associated with Freddie Mac’s Retained Portfolio and other, market-sensitive business lines using interest rate derivatives and other fixed income products. In addition to day-to-day portfolio management, ALM collaborates with other trading desks and Financial Engineering to facilitate trading activity, and to drive new business initiatives and model changes. If you’re interested in a trading/portfolio management opportunity within the DMV area, apply now to learn more about our team and Freddie Mac!

Our Impact:

Responsible for managing Freddie Mac’s interest rate risk using derivatives and other fixed income productsCollaborate with other trading desks and Financial Engineering to facilitate trading activity, and to drive new business initiatives and model changesBuild and maintain relationships with sell-side S&T desks to gather market information and execute tradesWrite and present market commentary for ICM’s senior management and Freddie Mac’s regulator, FHFA

Your Impact

Responsible for supporting ALM portfolio managers hedge Freddie Mac’s interest rate risk, with a focus on convexity/option hedging. Ultimately, the Professional will be trained to be a portfolio manager for the ALM deskDevelop relative value tools and perform analysis to drive/refine trading strategy and hedging decisionsWrite and present market commentary regarding economic trends, regulatory developments, and fixed income markets. Prepare materials for ICM’s senior management and Freddie Mac’s regulator, FHFA

Qualifications:

Bachelor’s Degree in Economics, Finance, or other related field. Advanced degree or CFA a plusMinimum 2 years of industry experience in fixed income markets. Deep understanding of derivatives and mortgages strongly preferredDeep understanding of duration, convexity and vega risk –what these risks are, and the instruments used to hedge themFluent in Excel, proficient in Python, SQL, Tableau, and VBA. Experience using Bloomberg strongly preferredTeam player that embraces the diverse and inclusive culture of Freddie Mac

Most importantly, we want candidates that have a good, humble attitude, and are enthusiastic about capital markets and portfolio management.

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

FLSA Status:Exempt

Freddie 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 $76,000 - $114,000 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.